Mizuho Securities analyst Vijay Rakesh maintained a Buy rating on ON Semi (ON) yesterday and set a price target of $25.00. The company’s shares closed last Monday at $19.18.
According to TipRanks.com, Rakesh is a top 100 analyst with an average return of 20.8% and a 63.9% success rate. Rakesh covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Intel Corporation, and Texas Instruments.
ON Semi has an analyst consensus of Strong Buy, with a price target consensus of $23.46, a 25.8% upside from current levels. In a report issued on October 21, B.Riley FBR also reiterated a Buy rating on the stock with a $28.00 price target.
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Based on ON Semi’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $102 million. In comparison, last year the company had a net profit of $167 million.
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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