Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Mercury Systems, Onsemi, BioNTech, and BioVie and Encourages Investors to Contact the Firm

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Go back to Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Mercury Systems, Onsemi, BioNTech, and BioVie and Encourages Investors to Contact the Firm

ON Semiconductor (ON) PT Lowered to $90 at JPMorgan

February 5, 2024 4:41 PM EST

JPMorgan analyst Harlan Sur lowered the price target on ON Semiconductor (NASDAQ: ON) to $90.00 (from $95.00) while maintaining a Neutral rating.

The analyst comments "ON Semi reported 4Q results slightly better than consensus, with end market performance largely in line with expectations. For the 1Q outlook, the team guided revenues down 8% Q/Q, below consensus but better than market expectations given the double-digit % Q/Q decline seen from its diversified peers (e.g. TXN down 12% Q/Q and MCHP down 25% Q/Q). ONs quarterly peak-to-trough revenue decline is ~15-20% (vs peers... More