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.
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Published first on TheFly
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- 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