In a report released yesterday, Tristan Gerra from Robert W. Baird maintained a Hold rating on ON Semi (ON), with a price target of $25. The company’s shares opened today at $22.42.
According to TipRanks.com, Gerra is a 5-star analyst with an average return of 17.4% and a 64.6% success rate. Gerra covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Stmicroelectronics NV, and Skyworks Solutions.
Currently, the analyst consensus on ON Semi is a Strong Buy with an average price target of $26.
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Based on ON Semi’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $166 million. In comparison, last year the company had a net profit of $530 million.
Based on the recent corporate insider activity of 85 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.
