onsemi Reports Record Revenue and Non-GAAP Earnings Per Share for Third Quarter 2021

Go back to onsemi Reports Record Revenue and Non-GAAP Earnings Per Share for Third Quarter 2021

ON Semiconductor (ON) PT Raised to $63 at Jefferies

November 2, 2021 7:49 AM EDT

Jefferies analyst Mark Lipacis raised the price target on ON Semiconductor (NASDAQ: ON) to $63.00 (from $53.00) while maintaining a Buy rating.

The analyst commented, "We remain impressed with the pace of ON's turnaround, increase our price target to $63 from $53. 3Q Revs/GM/EPS 2%/150bps/19%... More

ON Semiconductor (ON) PT Raised to $65 at Susquehanna

November 1, 2021 5:02 PM EDT

Susquehanna analyst Christopher Rolland raised the price target on ON Semiconductor (NASDAQ: ON) to $65.00 (from $63.00) while maintaining a Positive rating.

The analyst commented, "While we have had strong conviction around this turnaround, with better GM expansion the core to our thesis, this... More

ON Semiconductor (ON) PT Raised to $70 at Needham & Company

November 1, 2021 1:50 PM EDT

Needham & Company analyst Rajvindra S. Gill raised the price target on ON Semiconductor (NASDAQ: ON) to $70.00 (from $60.00) while maintaining a Strong Buy rating.

The analyst commented, "onsemi reported strong results across the board, with sales, plus Non-GAAP gross margin and EPS well... More

ON Semiconductor (ON) Tops Q3 EPS by 13c, Offers Q4 Guidance

November 1, 2021 8:03 AM EDT

ON Semiconductor (NASDAQ: ON) reported Q3 EPS of $0.87, $0.13 better than the analyst estimate of $0.74. Revenue for the quarter came in at $1.74 billion versus the consensus estimate of $1.71 billion.

GUIDANCE:

ON Semiconductor sees Q4 2021 EPS of $0.89-$1.01, versus the consensus of $0.75.... More