B.Riley FBR analyst Craig Ellis maintained a Hold rating on ON Semi (NASDAQ:ON) on Monday, setting a price target of $13, which is approximately 24.07% below the present share price of $17.12.
Ellis expects ON Semi to post earnings per share (EPS) of $0.14 for the second quarter of 2020.
The current consensus among 11 TipRanks analysts is for a Hold rating of shares in ON Semi, with an average price target of $17.7.
The analysts price targets range from a high of $24 to a low of $12.
In its latest earnings report, released on 12/31/2019, the company reported a quarterly revenue of $1.4 billion and a net profit of $139.5 million. The company's market cap is $7.01 billion.
According to TipRanks.com, B.Riley FBR analyst Craig Ellis has 0 stars on 0-5 stars ranking scale with an average return of -4.4% and a 40.6% success rate.
ON Semiconductor Corp. engages in the design, manufacture, and marketing of portfolio of semiconductor components. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions. The Advanced Solutions Group segment designs and develops analog, mixed-signal, advanced logic, ASSPs and ASICs, Wi-Fi and power solutions for a broad base of end-users in the automotive, consumer, computing, industrial, communications, medical and aerospace/defense markets. The Intelligent Sensing Group segment includes designs and develops CMOS and CCD image sensors, as well as proximity sensors, image signal processors, single photon detectors, including SiPM and SPAD arrays, as well as actuator drivers for autofocus and image stabilization for a broad base of end-users in the automotive, industrial, consumer, wireless, medical and aerospace/defense markets.. The company was founded on August 4, 1999 and is headquartered in Phoenix, AZ.