Needham & Company Gives Hold Rating to ON Semiconductor (ONNN)
ON Semiconductor traded down 2.03% on Thursday, hitting $8.22. ON Semiconductor has a 1-year low of $6.53 and a 1-year high of $11.85. The company has a market cap of $3.720 billion and a price-to-earnings ratio of 839.00.
The company last announced its quarterly results on Wednesday, May 2nd. It reported $0.12 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.09 EPS by $0.03. The company’s quarterly revenue was down 14.5% on a year-over-year basis. Analysts expect that ON Semiconductor will post $0.20 EPS next quarter.
ONNN has been the subject of a number of other recent research reports. Analysts at Pacific Crest upgraded shares of ON Semiconductor from a “sector perform” rating to an “outperform” rating in a research note to investors on Thursday. Separately, analysts at Brigantine initiated coverage on shares of ON Semiconductor in a research note to investors on Monday, March 5th. They set a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of ON Semiconductor in a research note to investors on Thursday, February 16th. They now have a $9.75 price target on the stock.
ON Semiconductor Corporation (ON Semiconductor) is a supplier of silicon solutions for energy electronics.