ON Semiconductor (ON) Tops Q1 EPS by 2c

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Needham & Company Reiterates Buy on ON Semiconductor (ON) Following 1Q

May 9, 2016 2:13 PM EDT

Needham & Company maintained a Buy rating and $14.00 price target on ON Semiconductor (NASDAQ: ON) following the company's 1Q earnings report.

Analyst Rajvindra Gill commented, "ON reported a solid quarter and guide fueled by ongoing strength in auto and rebound in the segment... More