onsemi beats Q3 earnings, revenue estimates
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October 29, 2024 6:27 AM EDT
B.Riley analyst Craig Ellis lowered the price target on ON Semiconductor (NASDAQ: ON) to $100.00 (from $106.00) while maintaining a Buy rating.
The analyst comments "ONs 10/28 pre-market 3Q24 print was above consensus, and while 4Q24s guide was slightly lower on weak auto industry units and traditional industrial, ONs new Auto SiC programs are ramping as expected, and secular Industrial markets like solar... More
October 28, 2024 3:59 PM EDT
Goldman Sachs analyst Toshiya Hari raised the price target on ON Semiconductor (NASDAQ: ON) to $92.00 (from $89.00) while maintaining a Buy rating.
The analyst comments "ON delivered better-than-feared 3Q24 results and 4Q24 guidance as strength in the China EV market coupled with resilient demand... More
October 28, 2024 3:57 PM EDT
Truist Securities analyst William Stein lowered the price target on ON Semiconductor (NASDAQ: ON) to $89.00 (from $97.00) while maintaining a Buy rating.
The analyst comments "Mixed update. ON beat Q3 consensus modestly, guided Q4 a hair below consensus, and gave a mix of... More
