Mizuho Securities analyst Vijay Rakesh maintained a Buy rating on ON Semi (ON) on June 6 and set a price target of $26. The company’s shares closed on Friday at $19.06.
According to TipRanks.com, Rakesh is a top 100 analyst with an average return of 20.4% and a 58.3% success rate. Rakesh covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Intel Corporation, and Texas Instruments.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ON Semi with a $25.96 average price target, which is a 36.2% upside from current levels. In a report issued on May 24, Deutsche Bank also maintained a Buy rating on the stock with a $25 price target.
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The company has a one-year high of $25.92 and a one-year low of $14.55. Currently, ON Semi has an average volume of 7.06M.
Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock.
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ON Semiconductor Corp. engages in the design, manufacture, and marketing of portfolio of semiconductor components. It operates through the following segments: Power Solutions Group, Analog Solutions Group, and Intelligent Sensing Group.
