ON Semiconductor (ON) Gets a Buy from Mizuho Securities
Mizuho Securities analyst Vijay Rakesh maintained a Buy rating on ON Semiconductor (ON – Research Report) today and set a price target of $72.00. The company's shares closed today at $53.74.
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Rakesh covers the Technology sector, focusing on stocks such as Credo Technology Group Holding Ltd, Broadcom, and Nvidia. According to TipRanks, Rakesh has an average return of 15.9% and a 55.00% success rate on recommended stocks.
In addition to Mizuho Securities, ON Semiconductor also received a Buy from Wells Fargo's Joseph Quatrochi in a report issued on June 20. However, on June 18, B.Riley Financial maintained a Hold rating on ON Semiconductor (NASDAQ: ON).
The company has a one-year high of $80.08 and a one-year low of $31.04. Currently, ON Semiconductor has an average volume of 10.93M.
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.
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