UPDATE: ON Semiconductor (ON) PT Raised to $50 at Raymond James

Loop Capital Offers Retail Sector Investing Strategy in Light of GME Like Volatility

February 2, 2021 6:56 AM EST

Loop Capital analyst, Anthony Chukumba, covering Specialty Hardlines Retail, offered advice for trading in his sector given the Reddit focus on Retail names that are highly shorted and easily understood. Considering the dramatic volatility in GameStop (NYSE: GME) and that five of the... More

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

UPDATE: ON Semiconductor (ON) PT Raised to $45 at Deutsche Bank

February 2, 2021 6:45 AM EST

(Updated - February 2, 2021 6:45 AM EST)

Deutsche Bank analyst Ross Seymore raised the price target on ON Semiconductor (NASDAQ: ON) to $45.00 (from $40.00) while maintaining a Buy rating.

The analyst comments "ON posted a strong 4Q20/1Q21 report/guide, as the co (like peers) is benefitting from the sharp improvement in semis demand across nearly... 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) PT Raised to $44 at Truist Securities On ST and LT Structural Improvements

February 2, 2021 6:15 AM EST

Truist Securities analyst Bill Stein raised the price target on ON Semiconductor (NASDAQ: ON) to $44.00 (from $41.00) after the company reported powerful Q4 results and offered Q1 guidance that was solidly above consensus.

The analyst reiterated a Buy rating, stating "We... More

ON Semiconductor (ON) PT Raised to $45 at KeyBanc

February 2, 2021 5:19 AM EST

KeyBanc analyst John Vinh raised the price target on ON Semiconductor (NASDAQ: ON) to $45.00 (from $40.00) while maintaining a Overweight rating.... More

Summit Insights Upgrades ON Semiconductor (ON) to Buy

February 2, 2021 4:28 AM EST

Summit Insights analyst Kinngai Chan upgraded ON Semiconductor (NASDAQ: ON) from Hold to Buy.

For an analyst ratings summary and ratings history on ON Semiconductor click here. For more ratings news on ON Semiconductor click here.

Shares of ON Semiconductor closed at $36.71 yesterday.

... More

ON Semiconductor (ON) PT Raised to $26 but Morgan Stanley Keeps Underweight Rating

February 2, 2021 3:06 AM EST

Morgan Stanley analyst Craig Hettenbach raised the price target on ON Semiconductor (NASDAQ: ON) to $26.00 (from $24.00) while maintaining a Underweight rating after the company reported strong results due to a cyclical rebound in the business, led by strength in autos.

The analyst stated... More

ON Semiconductor (ON) PT Raised to $40 at Mizuho Securities, Following Earnings

February 1, 2021 3:02 PM EST

Mizuho Securities analyst Vijay Rakesh raised the price target on ON Semiconductor (NASDAQ: ON) to $40.00 (from $39.00) while maintaining a Buy rating.

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ON Semiconductor (ON) PT Raised to $45 at Susquehanna

February 1, 2021 1:41 PM EST

Susquehanna analyst Christopher Rolland raised the price target on ON Semiconductor (NASDAQ: ON) to $45.00 (from $42.00) while maintaining a Positive rating.

The analyst commented, "Results/guide were excellent and a bit of a positive surprise as new CEO El-Khoury has yet to detail the... More

ON Semiconductor (ON) PT Raised to $45 at Needham & Company, Following Earnings

February 1, 2021 1:36 PM EST

Needham & Company analyst Rajvindra S. Gill raised the price target on ON Semiconductor (NASDAQ: ON) to $45.00 (from $38.00) while maintaining a Strong Buy rating.

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ON Semiconductor (ON) PT Raised to $43 at Craig-Hallum, Following Earnings

February 1, 2021 12:33 PM EST

Craig-Hallum analyst Anthony J. Stoss raised the price target on ON Semiconductor (NASDAQ: ON) to $43.00 (from $38.00) while maintaining a Buy rating.

... More

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

February 1, 2021 8:05 AM EST

ON Semiconductor (NASDAQ: ON) reported Q4 EPS of $0.35, $0.08 better than the analyst estimate of $0.27. Revenue for the quarter came in at $1.45 billion versus the consensus estimate of $1.35 billion.

Fourth Quarter revenue of $1,446.3 million, up three percent year-over-yearFourth Quarter GAAP diluted earnings per share of $0.21 as compared to $0.14 in the quarter a year agoFourth Quarter Non-GAAP diluted earnings per share of... More