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Cantor Fitzgerald Reaffirms Their Hold Rating on ON Semiconductor (ON)

Tipranks - Tipranks - Sat Aug 1, 8:06AM CDT

In a report released today, Matthew Prisco from Cantor Fitzgerald reiterated a Hold rating on ON Semiconductor, with a price target of $110.00.

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Prisco covers the Technology sector, focusing on stocks such as ON Semiconductor, Texas Instruments, and MKS. According to TipRanks, Prisco has an average return of 31.5% and a 67.92% success rate on recommended stocks.

In addition to Cantor Fitzgerald, ON Semiconductor also received a Hold from Rosenblatt Securities’s Kevin Cassidy in a report issued on July 20. However, on July 25, Mizuho Securities assigned a Buy rating to ON Semiconductor (NASDAQ: ON).

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Based on ON Semiconductor’s latest earnings release for the quarter ending April 3, the company reported a quarterly revenue of $1.51 billion and a GAAP net loss of $33.4 million. In comparison, last year the company earned a revenue of $1.45 billion and had a GAAP net loss of $486.1 million

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