On Oct 30, major Wall Street analysts update their ratings for $ON Semiconductor (ON.US)$, with price targets ranging from $64 to $100.
Morgan Stanley analyst Joseph Moore maintains with a sell rating, and maintains the target price at $64.
TD Cowen analyst Joshua Buchalter maintains with a buy rating, and maintains the target price at $85.
Truist Financial analyst William Stein maintains with a buy rating, and maintains the target price at $89.
Roth MKM analyst Sujeeva De Silva maintains with a buy rating, and maintains the target price at $100.
Benchmark Co. analyst David Williams maintains with a buy rating, and adjusts the target price from $80 to $90.
Furthermore, according to the comprehensive report, the opinions of $ON Semiconductor (ON.US)$'s main analysts recently are as follows:
The anticipation of a delay in the shift of OEM inventory strategy and its subsequent impact on semiconductor suppliers was acknowledged. It was also noted that On Semiconductor projected a seasonal dip in the March quarter, considered reducing utilization in the December quarter, and observed that sell-through at some OEMs did not meet expectations.
The anticipation that capital expenditures will decline next year is unsurprising. It is a common trend that occurs before the bottom of a cycle, indicative of both surplus capacity and dampened demand. Concerns persist regarding the speed of the impending recovery and the effect of elevated customer inventories on utilization rates.
Here are the latest investment ratings and price targets for $ON Semiconductor (ON.US)$ from 8 analysts:
Note:
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