New Buy Rating for ON Semiconductor (ON), the Technology Giant

Business Insider

18-06-2025

In a report released yesterday, Vijay Rakesh from Mizuho Securities reiterated a Buy rating on ON Semiconductor (ON – Research Report), with a price target of $60.00. The company's shares closed yesterday at $52.94.
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Rakesh covers the Technology sector, focusing on stocks such as Nvidia, Credo Technology Group Holding Ltd, and Broadcom. According to TipRanks, Rakesh has an average return of 13.0% and a 51.80% success rate on recommended stocks.
Currently, the analyst consensus on ON Semiconductor is a Moderate Buy with an average price target of $48.90, a -7.63% downside from current levels. In a report released yesterday, Roth MKM also maintained a Buy rating on the stock with a $70.00 price target.
Based on ON Semiconductor's latest earnings release for the quarter ending April 4, the company reported a quarterly revenue of $1.45 billion and a GAAP net loss of $486.1 million. In comparison, last year the company earned a revenue of $1.86 billion and had a net profit of $453 million
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ON in relation to earlier this year. Earlier this month, Alan Campbell, a Director at ON sold 5,371.00 shares for a total of $274,780.36.