onsemi Announces Second Quarter 2024 Results
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July 29, 2024 3:24 PM EDT
Evercore ISI analyst Mark Lipacis raised the price target on ON Semiconductor (NASDAQ: ON) to $105.00 (from $104.00) while maintaining a Outperform rating.
The analyst comments "Turnaround Story is Still Mid Innings. Notwithstanding the turnaround executed so far, (e.g., GM expansion of 1,200 bps since Dec-20,... More
July 29, 2024 11:41 AM EDT
CFRA analyst Angelo Zino upgraded ON Semiconductor (NASDAQ: ON) from Sell to Hold with a price target of $80.00 (from $70.00).
The analyst comments "We up our 12-month target to $80 from $70 on a near historical P/E of 17x our 2025 EPS view. We raise our 2024 EPS view to... More
July 29, 2024 8:11 AM EDT
Shares in ON Semiconductor (NASDAQ: ON) popped more than 6% after the chipmaker reported better-than-expected results for the fiscal Q2.
The company posted quarterly earnings per share (EPS) of $0.96, surpassing the analyst estimate of $0.92. Revenue for the quarter came in at $1.74 billion, also slightly above... More
