ON Semiconductor Reports Second Quarter 2020 Results

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Go back to ON Semiconductor Reports Second Quarter 2020 Results

ON Semiconductor (ON) PT Raised to $35 at Rosenblatt

August 10, 2020 12:08 PM EDT

Rosenblatt analyst Kevin Cassidy raised the price target on ON Semiconductor (NASDAQ: ON) to $35.00 (from $30.00) while maintaining a Buy rating.

The analyst commented, "Following the ON Semiconductor earnings conference call with management, we are increasing our income model estimates. We see GM expansion continuing... More

ON Semiconductor (ON) Tops Q2 EPS by 10c

August 10, 2020 8:21 AM EDT

On Saturday, ON Semiconductor (NASDAQ: ON) reported Q2 EPS of $0.12, $0.10 better than the analyst estimate of $0.02. Revenue for the quarter came in at $1.21 billion versus the consensus estimate of $1.18 billion.

"Despite disruption from COVID-19 pandemic, we continue to make strong progress towards our key... More