After Rosenblatt Securities and Needham gave ON Semiconductor (NASDAQ: ON) a Buy rating last month, the company received another Buy, this time from Mizuho Securities. Analyst Vijay Rakesh reiterated a Buy rating on ON Semiconductor today and set a price target of $44.00. The company’s shares closed last Monday at $37.59.
According to TipRanks.com, Rakesh is a 5-star analyst with an average return of 26.0% and a 67.1% success rate. Rakesh covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Allegro MicroSystems, and Skyworks Solutions.
ON Semiconductor has an analyst consensus of Strong Buy, with a price target consensus of $46.67, representing a 22.1% upside. In a report released today, Rosenblatt Securities also maintained a Buy rating on the stock with a $44.00 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $44.59 and a one-year low of $13.49. Currently, ON Semiconductor has an average volume of 6.54M.
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, 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.
