OneRoof Energy Names Brian Alexson Chief Operating Officer

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Needham & Company Reiterates Buy Following ON Semiconductor's (ON) 3Q

October 30, 2015 11:58 AM EDT

Needham & 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