ON Semiconductor (ON) Reports In-Line Q3 EPS; Guides Q4 Revs Below the Street
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Needham & Company Reiterates Buy Following ON Semiconductor's (ON) 3Q
October 30, 2015 11:58 AM EDTNeedham & Company maintained a Buy rating on ON Semiconductor (NASDAQ: ON), and cut the price target to $14.00 (from $17.00), following the company's 3Q earnings and 4Q outlook. Revenue of $904.2MM was slightly the Street's $906.8MM. NG EPS of $0.25 was in-line with consensus. Revenue guidance of $830-$870MM was ~4.7% below consensus forecasts but will... More
Wedbush Upgrades ON Semiconductor (ON) to Outperform
October 30, 2015 8:04 AM EDTWedbush upgraded ON Semiconductor (NASDAQ: ON) from Neutral to Outperform with a price target of $14.00 (from $12.00).
Analyst Betsy Van Hees commented, "When we downgraded ON to NEUTRAL rating in August, we were concerned that as a broad based supplier ONs guidance and constructive commentary... More
Susquehanna Remains Positive After ON Semiconductor (ON) Reports In-Line Results
October 30, 2015 6:44 AM EDTSusquehanna reiterated a Positive rating and $14.00 price target on ON Semiconductor (NASDAQ: ON) following the company's 3Q earnings results. ON reported revenue of $904 mln, below consensus of $907 mln. EPS of $0.23 was in-line with consensus.
Analyst Chris Caso commented, "ONs guidance reflected the cyclical correction we... More
