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Analysts Offer Insights on Technology Companies: Silicon Motion (SIMO), Veeco (VECO) and ON Semiconductor (ON)

Tipranks - Tipranks - Wed May 20, 3:56AM CDT

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Silicon Motion (SIMO), Veeco (VECO) and ON Semiconductor (ON).

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Silicon Motion (SIMO)

In a report released today, Sebastien Naji from William Blair maintained a Buy rating on Silicon Motion. The company’s shares closed last Monday at $239.76.

According to TipRanks.com, Naji is a 5-star analyst with an average return of 40.3% and a 85.5% success rate. Naji covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, ARM Holdings PLC ADR, and Astera Labs, Inc. ;'>

Silicon Motion has an analyst consensus of Strong Buy, with a price target consensus of $257.86, representing a -2.4% downside. In a report issued on May 4, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $273.00 price target.

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Veeco (VECO)

Barclays analyst Thomas O’Malley maintained a Hold rating on Veeco today and set a price target of $55.00. The company’s shares closed last Monday at $55.65.

According to TipRanks.com, O’Malley is a top 100 analyst with an average return of 44.5% and a 66.6% success rate. O’Malley covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Credo Technology Group Holding Ltd, and Advanced Micro Devices. ;'>

Veeco has an analyst consensus of Hold, with a price target consensus of $52.00, which is a -10.5% downside from current levels. In a report issued on May 7, TipRanks – xAI also downgraded the stock to Hold with a $67.00 price target.

ON Semiconductor (ON)

Susquehanna analyst Christopher Rolland reiterated a Buy rating on ON Semiconductor yesterday. The company’s shares closed last Monday at $109.43.

According to TipRanks.com, Rolland is a top 25 analyst with an average return of 44.7% and a 67.8% success rate. Rolland covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Credo Technology Group Holding Ltd, and Advanced Micro Devices. ;'>

Currently, the analyst consensus on ON Semiconductor is a Moderate Buy with an average price target of $103.77, representing a -9.1% downside. In a report issued on May 8, TipRanks – PerPlexity also upgraded the stock to Buy with a $118.00 price target.

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