Raymond James analyst Chris Caso maintained a Buy rating on ON Semiconductor (ON) yesterday. The company’s shares closed last Friday at $25.09, close to its 52-week high of $26.84.
According to TipRanks.com, Caso is a 5-star analyst with an average return of 13.2% and a 56.8% success rate. Caso covers the Technology sector, focusing on stocks such as SiTime Corporation, NXP Semiconductors, and Texas Instruments.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ON Semiconductor with a $26.88 average price target, a 7.6% upside from current levels. In a report issued on October 26, B.Riley Financial also maintained a Buy rating on the stock with a $32.00 price target.
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The company has a one-year high of $26.84 and a one-year low of $8.17. Currently, ON Semiconductor has an average volume of 6.19M.
Based on the recent corporate insider activity of 67 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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