Wells Fargo Reiterates Rating on ON Semiconductor Corporation $ON
Key Points
- Wells Fargo now rates ON Semiconductor Corporation ($ON) "buy" with a $140 target.
- Wells Fargo's $140 price target implies 19.87% upside from ON Semiconductor Corporation's ($ON) current $116.79 share price.
- The Street's average $ON price target is $107.68 (Buy).
- $ON last traded around $116.79.
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Wells Fargo reiterated its rating on ON Semiconductor Corporation ($ON) to a "buy" rating in a recent research note and set a price target of $140, a 19.87% upside from the current price.
ON Semiconductor Corporation Stock Up 60.8%
Shares of ON Semiconductor Corporation ($ON) traded around $116.79 on Saturday, up 60.8% for the day.
ON Semiconductor Corporation Earnings
Analysts Set New Price Targets
About ON Semiconductor Corporation
ON Semiconductor Corporation provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally. It operates through three segments: Power Solutions Group, Analog and Mixed-Signal Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor devices designed to enable power conversion, including power switching, signal conditioning, and circuit protection technologies. Its Analog and Mixed-Signal Group segment designs and develops analog and mixed-signal solutions, including power management, sensor interface, connectivity, and standard products for automotive, industrial automation, AI data centers, computing, and mobile end markets. The Intelligent Sensing Group segment develops complementary metal-oxide-semiconductor image sensors, image signal processors, short-wave infrared sensors, and other products, as well as photon-counting technologies, including single-photon avalanche diode arrays and silicon photomultiplier devices for depth sensing, factory automation, safety systems, and robotics industries. ON Semiconductor Corporation was incorporated in 1992 and is headquartered in Scottsdale, Arizona.
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