William Blair analyst Jed Dorsheimer downgraded ON Semiconductor to Market Perform from Outperform without a price target. The analyst has silicon carbide yield concerns and says auto demand will test the company’s gross margin.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on ON:
- ON Semiconductor call volume above normal and directionally bullish
- Piper positive on ON Semiconductor silicon carbide prospects
- Piper ‘quite confident’ ON Semiconductor did not expand capacity with Wolfspeed
- ON Semiconductor price target raised to $77 from $70 at Deutsche Bank
- ON Semiconductor put volume heavy and directionally bearish
