onsemi Announces Second Quarter 2024 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as FY2027 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
ON Semiconductor (ON) PT Raised to $105 at Evercore ISI
July 29, 2024 3:24 PM EDTEvercore 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
CFRA Upgrades ON Semiconductor (ON) to Hold
July 29, 2024 11:41 AM EDTCFRA 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
Onsemi shares jump as Q2 earnings, margin come ahead of estimates
July 29, 2024 8:11 AM EDTShares 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
