ON Semiconductor (ON) Tops Q4 EPS by 8c, Revenues Beat; Offers FY21 Revenue Mid-Point Guidance Below Consensus

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B.Riley/FBR Remains Positive on ON Semiconductor (ON)

February 2, 2021 6:50 AM EST

B.Riley/FBR analyst Craig A. Ellis reiterated a Buy rating and $50.00 price target on ON Semiconductor (NASDAQ: ON).

The analyst comments "Following ONs 2/1 above-Street 4Q20 results and 1Q21 guide and 9:00 AM ET CC, we return with higher C21+22 EPS forecasts and reiterate a Buy rating and $50 PT. Specifically, C21s EPS rises 9% and C22 1% with slightly higher sales and solidly higher GM but in-line opex. We have five... More

ON Semiconductor (ON) PT Raised to $38 at Loop Capital

February 2, 2021 6:19 AM EST

Loop Capital analyst David Williams raised the price target on ON Semiconductor (NASDAQ: ON) to $38.00 (from $32.00) while maintaining a Buy rating.

The analyst comments "ON Semi delivered a strong quarter and issued 1Q guidance above consensus estimates on the top and bottom lines as the new CEO... More

ON Semiconductor (ON) announces Thad Trent will join as executive vice president and CFO

January 28, 2021 8:08 AM EST

ON Semiconductor (Nasdaq: ON) announced today that Thad Trent will join ON Semiconductor as executive vice president and chief financial officer (CFO) effective Feb. 16, 2021. Trent joins ON Semiconductor as a nearly 30 year finance veteran of the tech industry. Trent has held several leadership roles throughout his career, most recently as CFO at Cypress Semiconductor responsible for strategic planning, accounting, investor relations,... More