In a report released today, Christopher Rolland from Susquehanna reiterated a Buy rating on ON Semiconductor (ON), with a price target of $46.00. The company’s shares closed last Monday at $37.80.
According to TipRanks.com, Rolland is a top 100 analyst with an average return of 22.4% and a 73.9% success rate. Rolland covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Raytheon Technologies, and NXP Semiconductors.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for ON Semiconductor with a $47.20 average price target, which is a 23.5% upside from current levels. In a report released today, Rosenblatt Securities also maintained a Buy rating on the stock with a $44.00 price target.
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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.
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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.