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Mizuho Securities Keeps a Buy Rating on ON Semiconductor (ON)

In a report released yesterday, Vijay Rakesh from Mizuho Securities maintained a Buy rating on ON Semiconductor (ONResearch Report), with a price target of $68.00. The company’s shares closed last Wednesday at $62.32.

According to TipRanks.com, Rakesh is a top 25 analyst with an average return of 29.4% and a 70.4% success rate. Rakesh covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Advanced Micro Devices, and Allegro MicroSystems.

Currently, the analyst consensus on ON Semiconductor is a Moderate Buy with an average price target of $72.10, which is a 19.1% upside from current levels. In a report issued on February 28, Jefferies also maintained a Buy rating on the stock with a $75.00 price target.

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The company has a one-year high of $71.26 and a one-year low of $34.01. Currently, ON Semiconductor has an average volume of 7.18M.

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ON Semiconductor Corp. engages in the design, manufacture, and marketing of portfolio of semiconductor components. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions. The Advanced Solutions Group segment designs and develops analog, mixed-signal, advanced logic, ASSPs and ASICs, Wi-Fi and power solutions for a broad base of end-users in the automotive, consumer, computing, industrial, communications, medical and aerospace/defense markets. The Intelligent Sensing Group segment includes designs and develops CMOS and CCD image sensors, as well as proximity sensors, image signal processors, single photon detectors, including SiPM and SPAD arrays, as well as actuator drivers for autofocus and image stabilization for a broad base of end-users in the automotive, industrial, consumer, wireless, medical and aerospace/defense markets.. The company was founded on August 4, 1999 and is headquartered in Phoenix, AZ.

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