ON Semi Receives a Buy from Robert W. Baird


In a report released today, Tristan Gerra from Robert W. Baird reiterated a Buy rating on ON Semi (NASDAQ: ON), with a price target of $28. The company’s shares closed on Friday at $24.04.

According to TipRanks.com, Gerra is a 5-star analyst with an average return of 19.2% and a 67.7% success rate. Gerra covers the Consumer Goods sector, focusing on stocks such as Advanced Micro Devices, Himax Technologies, and Skyworks Solutions.

ON Semi has an analyst consensus of Strong Buy, with a price target consensus of $29.17, which is a 21.3% upside from current levels. In a report issued on July 19, Nomura also initiated coverage with a Buy rating on the stock with a $30 price target.

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Based on ON Semi’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $140 million. In comparison, last year the company earned revenue of $1.34 billion and had a net profit of $93.9 million.

Based on the recent corporate insider activity of 105 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 Image Sensor Group.

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