Cantor Fitzgerald Starts ON Semiconductor (ON) at Neutral

Cantor Fitzgerald analyst Matthew Prisco initiates coverage on ON Semiconductor (NASDAQ: ON) with a Neutral rating and a price target of $55.00.

The analyst comments "ON – Neutral, $55 PT (17x CY26 EPS): Having confidence in the structural transformation will take time – and ON’s overexposure to Auto isn’t ideal into the upcycle. We believe mid-teens multiple for this asset is fair, and now with the stock’s 60%+ run-up over the past 2mos, we view upside as more limited."

For an analyst ratings summary and ratings history on ON Semiconductor click here. For more ratings news on ON Semiconductor click here.

Shares of ON Semiconductor closed at $52.94 yesterday.

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