Valuable Perspectives From ON Semiconductor Analyst Ratings
In the past few months, analysts have shared their assessments of ON Semiconductor (NASDAQ: ON), offering a variety of perspectives ranging from optimistic to cautious. Here are some noteworthy insights from recent analyst ratings:
Rating Breakdown:
– Bullish: 4
– Somewhat Bullish: 1
– Indifferent: 4
– Somewhat Bearish: 0
– Bearish: 0
Recent Rating Changes:
– Within the Last 30 Days: Indifferent: 1
– 1 Month Ago: No changes
– 2 Months Ago: Bullish: 4, Somewhat Bullish: 1, Indifferent: 2
– 3 Months Ago: Indifferent: 1
12-Month Price Targets:
– Average Target: $88.33
– High Estimate: $100.00
– Low Estimate: $75.00
Insights from Analyst Actions and Adjustments
Taking a closer look at key analysts, their recent evaluations, and adjustments to ratings and price targets offer further insights into ON Semiconductor’s trajectory:
Notable Analyst Actions:
– Tore Svanberg (Stifel): Maintains Hold at $82.00
– Harlan Sur (JP Morgan): Lowers to Neutral at $90.00 (from $95.00)
– Kevin Cassidy (Rosenblatt): Maintains Neutral at $75.00
– Vijay Rakesh (Mizuho): Lowers Buy to $92.00 (from $98.00)
– Suji Desilva (Roth MKM): Raises Buy to $90.00 (from $75.00)
– William Stein (Truist Securities): Lowers Buy to $89.00 (from $94.00)
– Quinn Bolton (Needham): Maintains Buy at $92.00
– John Vinh (Keybanc): Raises Overweight to $100.00 (from $95.00)
Key Takeaways: Analysts adapt their recommendations based on market trends and company performance, reflecting evolving sentiments towards ON Semiconductor.
For more in-depth stock forecasts and analyst ratings, consider exploring Tipranks, MarketBeat, Yahoo Finance, and Benzinga for comprehensive insights on ON Semiconductor’s performance and analyst recommendations.
Stock Market Update: ON Stock Closes at $79.89 on March 13, 2024 with 3.27% Decrease
ON stock closed at $79.89 on March 13, 2024, marking a decrease of $2.70 or 3.27% since the previous market close. Despite the drop, shares remained unchanged in after-hours trading. Investors should consider market conditions, industry trends, and company news when analyzing stock performance. Stock prices can fluctuate daily, so conducting thorough research is crucial before making investment decisions. Staying informed and proactive in today’s dynamic market environment can help investors make more informed decisions and potentially mitigate risk in their portfolios.
ON Stock Performance Analysis: Revenue Flat, Net Income and EPS Show Growth
On March 13, 2024, ON stock had a mixed performance based on the financial data provided by CNN Money. The total revenue for the company was $8.25 billion for the past year, which remained flat compared to the previous year. Similarly, the total revenue for the last quarter was $2.02 billion, which also held flat compared to the previous quarter.
However, the net income for ON was $2.18 billion for the past year, showing a 14.8% increase compared to the previous year. On the other hand, the net income for the last quarter was $562.70 million, which remained flat compared to the previous quarter.
The earnings per share (EPS) for ON stock was $4.89 for the past year, reflecting a 15.1% increase compared to the previous year. The EPS for the last quarter was $1.28, which held flat compared to the previous quarter.
Overall, ON stock had a strong performance in terms of net income and earnings per share growth over the past year. However, the total revenue remained flat, indicating that the company may need to focus on increasing its revenue in the coming quarters to sustain its growth momentum. Investors should closely monitor ON stock to see how the company addresses its revenue challenges and whether it can continue its positive earnings trend in the future.
