After B.Riley FBR and Mizuho Securities gave ON Semi (NASDAQ: ON) a Buy rating last month, the company received another Buy, this time from Needham. Analyst Rajvindra Gill maintained a Buy rating on ON Semi today and set a price target of $25.00. The company’s shares closed last Monday at $20.85.
According to TipRanks.com, Gill is a 5-star analyst with an average return of 13.0% and a 60.5% success rate. Gill covers the Consumer Goods sector, focusing on stocks such as Everspin Technologies Inc, Smart Global Holdings Inc, and Adesto Technologies Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for ON Semi with a $23.46 average price target, implying a 17.9% 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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The company has a one-year high of $23.54 and a one-year low of $15.06. Currently, ON Semi has an average volume of 5.78M.
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.
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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.
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