In a report released today, Gary Mobley from Wells Fargo maintained a Buy rating on ON Semiconductor (ON – Research Report), with a price target of $110.00. The company’s shares closed yesterday at $76.97.
Mobley covers the Technology sector, focusing on stocks such as ON Semiconductor, Synopsys, and Analog Devices. According to TipRanks, Mobley has an average return of 13.3% and a 58.56% success rate on recommended stocks.
Currently, the analyst consensus on ON Semiconductor is a Moderate Buy with an average price target of $89.22.
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Based on ON Semiconductor’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.02 billion and a net profit of $562.7 million. In comparison, last year the company earned a revenue of $2.1 billion and had a net profit of $604.3 million
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ON Semiconductor (ON) Company Description:
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.
Read More on ON:
- Lost Money in MBLY, BNTX, DADA, INSP or ON? Class Action Suits Filed, Seeking Recovery
- ON Semiconductor Executive Ross Jatou Announces Resignation
- ON Semiconductor price target lowered to $89 from $94 at Truist
- ON Semiconductor price target raised to $115 from $110 at B. Riley
- ON Semiconductor price target raised to $90 from $75 at Roth MKM
