Evercore analyst Mark Lipacis maintains $ON Semiconductor (ON.US)$ with a buy rating, and adjusts the target price from $105 to $107.
According to TipRanks data, the analyst has a success rate of 72.3% and a total average return of 32.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $ON Semiconductor (ON.US)$'s main analysts recently are as follows:
The expectation of a cautious view on the auto semiconductor sector continues, with the anticipation that it may take some time for OEM inventory strategies to adjust and therefore affect semiconductor suppliers. On Semi has indicated a projected seasonal dip in the March quarter, discussed potential reductions in utilization during the December quarter, and mentioned that sell-through at certain OEMs has been softer than expected.
The observation was made that capital expenditures are expected to decrease in the upcoming year, which is a common occurrence prior to the bottoming of a cycle, indicative of both surplus capacity and diminished demand. The focal point of concern rests on the anticipated speed of the recovery ahead and the effect of elevated customer inventories on utilization rates.
Note:
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