ON Semiconductor (ON) Receives a Rating Update from a Top Analyst
Rosenblatt Securities analyst Kevin Cassidy maintained a Hold rating on ON Semiconductor today and set a price target of $60.00.
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According to TipRanks, Cassidy is a top 100 analyst with an average return of 30.0% and a 62.65% success rate. Cassidy covers the Technology sector, focusing on stocks such as Marvell, Nvidia, and ARM Holdings PLC ADR.
ON Semiconductor has an analyst consensus of Moderate Buy, with a price target consensus of $70.50.
Based on ON Semiconductor’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.53 billion and a net profit of $181.8 million. In comparison, last year the company earned a revenue of $1.72 billion and had a net profit of $379.9 million
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ON in relation to earlier this year. Last month, SUDHIR GOPALSWAMY, the Group President, AMG & ISG of ON sold 6,114.00 shares for a total of $358,708.38.
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