Onsemi shares jump as Q2 earnings, margin come ahead of estimates
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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 (ON) Tops Q2 EPS by 4c, provides guidance
July 29, 2024 8:06 AM EDTonsemi (NASDAQ: ON) reported Q2 EPS of $0.96, $0.04 better than the analyst estimate of $0.92. Revenue for the quarter came in at $1.74 billion versus the consensus estimate of $1.73 billion.
GUIDANCE:
onsemi sees Q3 2024 EPS of $0.91-$1.03, versus the consensus of $0.97. onsemi sees Q3... More
