ON Semiconductor Corporation (ON)
- Barrons.com
Sell ON Semiconductor Stock, Analysts Say. Demand Challenges Could Be Ahead.
BNP Paribas analysts David O’Connor and Jerome Ramel cut their rating on the semiconductor company to Underperform from Neutral and slashed their price target to $55 from $74. Shares of ON—which is a key supplier of semiconductors to the auto industry—were down 2.8% to $61.20 in premarket trading Friday, while futures tracking the were flat. Last year, ON missed its 2023 target of $1 billion for silicon carbide chips (SiC), and in January lowered its target for this year, BNP analysts wrote.
- Zacks
ON Semiconductor Corp. (ON) Is Considered a Good Investment by Brokers: Is That True?
According to the average brokerage recommendation (ABR), one should invest in ON Semiconductor Corp. (ON). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic. Would it be worth investing in the stock?
- Zacks
ON Semiconductor Corp. (ON) Stock Moves -0.39%: What You Should Know
ON Semiconductor Corp. (ON) closed the most recent trading day at $64.47, moving -0.39% from the previous trading session.
