B.Riley FBR Maintains Their Buy Rating on ON Semi (ON)

In a report issued on January 13, Craig Ellis from B.Riley FBR maintained a Buy rating on ON Semi (ONResearch Report), with a price target of $28.00. The company’s shares closed last Monday at $24.88, close to its 52-week high of $25.92.

According to TipRanks.com, Ellis is a 5-star analyst with an average return of 9.7% and a 62.6% success rate. Ellis covers the Consumer Goods sector, focusing on stocks such as Axcelis Technologies, Skyworks Solutions, and Applied Materials.

Currently, the analyst consensus on ON Semi is a Moderate Buy with an average price target of $24.33.

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The company has a one-year high of $25.92 and a one-year low of $16.65. Currently, ON Semi has an average volume of 4.71M.

Based on the recent corporate insider activity of 82 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.

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ON Semiconductor Corp. engages in the design, manufacture, and marketing of portfolio of semiconductor components. It operates through the following segments: Power Solutions Group, Analog Solutions Group, and Intelligent Sensing Group.