Wells Fargo analyst Gary Mobley maintained a Hold rating on ON Semi (ON) today. The company’s shares closed last Monday at $16.16.
According to TipRanks.com, Mobley is a 5-star analyst with an average return of 11.5% and a 58.8% success rate. Mobley covers the Technology sector, focusing on stocks such as Silicon Laboratories, Skyworks Solutions, and Cadence Design.
Currently, the analyst consensus on ON Semi is a Hold with an average price target of $17.91, representing a 13.7% upside. In a report released today, B.Riley FBR also maintained a Hold rating on the stock with a $13.00 price target.
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ON Semi’s market cap is currently $7.01B and has a P/E ratio of 34.20. The company has a Price to Book ratio of 6.66.
Based on the recent corporate insider activity of 77 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.
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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, Advanced Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions. The Advanced Solutions Group segment designs and develops analog, mixed-signal, advanced logic, ASSPs and ASICs, Wi-Fi and power solutions for a broad base of end-users in the automotive, consumer, computing, industrial, communications, medical and aerospace/defense markets. The Intelligent Sensing Group segment includes designs and develops CMOS and CCD image sensors, as well as proximity sensors, image signal processors, single photon detectors, including SiPM and SPAD arrays, as well as actuator drivers for autofocus and image stabilization for a broad base of end-users in the automotive, industrial, consumer, wireless, medical and aerospace/defense markets.. The company was founded on August 4, 1999 and is headquartered in Phoenix, AZ.
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