In a report released yesterday, Tristan Gerra from Robert W. Baird reiterated a Buy rating on ON Semi (ON), with a price target of $28. The company’s shares closed yesterday at $17.81.
According to TipRanks.com, Gerra is a 5-star analyst with an average return of 14.8% and a 56.3% success rate. Gerra covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Stmicroelectronics NV, and Himax Technologies.
ON Semi has an analyst consensus of Moderate Buy, with a price target consensus of $22.57, implying a 26.7% upside from current levels. In a report released yesterday, Stifel Nicolaus also reiterated a Buy rating on the stock with a $29 price target.
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Based on ON Semi’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $167 million. In comparison, last year the company had a net profit of $530 million.
Based on the recent corporate insider activity of 98 insiders, corporate insider sentiment is negative on the stock. Most recently, in November 2018, Teresa Ressel, a Director at ON bought 20,000 shares for a total of $179,600.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
