ON Semiconductor price target raised to $100 from $80 at Susquehanna

Susquehanna analyst Christopher Rolland raised the firm’s price target on ON Semiconductor to $100 from $80 and keeps a Positive rating on the shares. The analyst noted they reported better than expected results, but weaker guidance as the macro weighs on the "Other" segment of On’s business. Susquehanna said overall, the report was slightly weaker, but we think the SiC story is generally intact and continues to improve with each update.