B.Riley FBR Maintains Their Buy Rating on ON Semi (ON)


B.Riley FBR analyst Craig Ellis maintained a Buy rating on ON Semi (ON) today and set a price target of $28.00. The company’s shares closed last Monday at $19.18.

According to TipRanks.com, Ellis is a 5-star analyst with an average return of 7.2% and a 59.1% success rate. Ellis covers the Consumer Goods sector, focusing on stocks such as Applied Materials Inc, Axcelis Technologies, and Rudolph Technologies.

Currently, the analyst consensus on ON Semi is a Strong Buy with an average price target of $23.46, which is a 25.8% upside from current levels. In a report released yesterday, Mizuho Securities also maintained a Buy rating on the stock with a $25.00 price target.

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ON Semi’s market cap is currently $7.87B and has a P/E ratio of 14.82. The company has a Price to Book ratio of 2.40.

Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ON in relation to earlier this year.

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 Intelligent Sensing Group.

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