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New Buy Rating for ON Semiconductor (ON), the Technology Giant
In a report released today, from Jefferies maintained a Buy rating on ON Semiconductor, with a price target of $73.00.
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In addition to Jefferies, ON Semiconductor also received a Buy from Evercore ISI’s Mark Lipacis in a report issued today. However, on the same day, Citi maintained a Hold rating on ON Semiconductor (NASDAQ: ON).
Based on ON Semiconductor’s latest earnings release for the quarter ending October 3, the company reported a quarterly revenue of $1.55 billion and a net profit of $255 million. In comparison, last year the company earned a revenue of $1.76 billion and had a net profit of $401.7 million
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- On Semi price target raised to $75 from $70 at TD Cowen
- On Semi price target raised to $60 from $50 at Rosenblatt
- On Semi downgraded to Hold at Benchmark with limited near-term catalysts
- On Semi downgraded to Hold from Buy at Benchmark
- ON Semiconductor: Expanding Margins, Strengthening Demand Visibility, and GaN Product Pipeline Support Buy Rating and Higher Price Target
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