Form 8-K ON SEMICONDUCTOR CORP For: Feb 28

Go back to Form 8-K ON SEMICONDUCTOR CORP For: Feb 28

Stifel Reiterates Hold Rating on ON Semiconductor (ON), 'onsemi’s LT turnaround efforts have been fairly priced in'

March 2, 2023 3:48 PM EST

Stifel analyst Tore Svanberg reiterated a Hold rating and $78.00 price target on ON Semiconductor (NASDAQ: ON)

The analyst comments "At its Investor Day, Tesla announced plans for a 75% reduction in silicon carbide component usage for its next powertrain, reportedly without compromising... More