B. Riley analyst Craig Ellis raised the firm’s price target on ON Semiconductor to $105 from $80 and keeps a Buy rating on the shares following the company’s Q4 report, which featured "solid" sales and margins driven by "strong" silicon carbide demand in the automotive segment of the business.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on ON:
- ON Semiconductor Corporation Reported Earnings. Did it Beat Estimates?
- ON Semiconductor announces $3B share repurchase authorization
- ON Semiconductor sees Q1 EPS $1.02-$1.14, consensus $1.14
- ON Semiconductor reports Q4 EPS $1.32, consensus $1.27
- ON Semiconductor price target raised to $85 from $75 at Piper Sandler