ON Semiconductor Corporation

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ON Semiconductor Corporation stock analysis ON overview
Bullish +75

Mizuho Securities Remains a Buy on ON Semiconductor (ON)

📈 Mizuho Securities analyst Vijay Rakesh maintains a Buy rating on ON Semiconductor (ON).

💰 The analyst set a new price target of $150.00, up from the previous $130.00.

📊 ON Semiconductor reported quarterly revenue of $1.51 billion for the quarter ending April 3.

📉 GAAP net loss narrowed to $33.4 million compared to a $486.1 million loss last year.

🔄 Revenue grew from $1.45 billion in the same period last year to $1.51 billion this year.

⚠️ Corporate insider sentiment is negative due to increased selling activity over the past quarter.

💸 EVP & CFO Trent Thad sold 60,000 shares for a total of $5,790,000 last month.

📊 The analyst consensus rating for ON Semiconductor is Moderate Buy with a price target of $107.59.

👨‍💼 Vijay Rakesh covers the Technology sector and has an average return of 82.5% on recommended stocks.

⚠️ This content is from third-party sources and has not been reviewed by The Globe and Mail.

Bullish Signals
  • Mizuho Securities analyst Vijay Rakesh maintained a Buy rating on ON Semiconductor (ON) with a price target of $150.00.
  • The company reported quarterly revenue of $1.51 billion, representing growth from last year's revenue of $1.45 billion.
  • GAAP net loss narrowed significantly to $33.4 million compared to a loss of $486.1 million in the same period last year.
Risk Factors
  • Corporate insider sentiment is negative on ON Semiconductor, with increased insider selling activity over the past quarter.
  • Trent Thad, the EVP & CFO of ON, sold 60,000 shares for a total of $5,790,000 last month.
Full Analysis
Mizuho Securities analyst Vijay Rakesh maintained a Buy rating on ON Semiconductor (ON) with a price target of $150.00, following the company's latest earnings release for the quarter ending April 3. The report highlights that ON reported quarterly revenue of $1.51 billion and a GAAP net loss of $33.4 million, representing a significant improvement from last year's figures where revenue was $1.45 billion and the GAAP net loss was $486.1 million. The article notes that corporate insider sentiment is currently negative on the stock, citing increased insider selling activity over the past quarter. Specifically, Trent Thad, the EVP & CFO of ON, sold 60,000 shares for a total of $5,790,000 last month. Despite this insider activity, Mizuho's positive outlook aligns with an analyst consensus rating of Moderate Buy and a price target consensus of $107.59.