ON Semiconductor (ON) Gets a Hold Rating from BMO Capital

BMO Capital analyst Ambrish Srivastava maintained a Hold rating on ON Semiconductor (ONResearch Report) today and set a price target of $40.00. The company’s shares closed last Tuesday at $36.64.

According to TipRanks.com, Srivastava is a 5-star analyst with an average return of 16.7% and a 77.6% success rate. Srivastava covers the Technology sector, focusing on stocks such as Dialog Semiconductor, NXP Semiconductors, and Skyworks Solutions.

ON Semiconductor has an analyst consensus of Strong Buy, with a price target consensus of $45.00.

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ON Semiconductor’s market cap is currently $15.71B and has a P/E ratio of 70.10. The company has a Price to Book ratio of 11.60.

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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, Advanced Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions. The Advanced Solutions Group segment designs and develops analog, mixed-signal, advanced logic, ASSPs and ASICs, Wi-Fi and power solutions for a broad base of end-users in the automotive, consumer, computing, industrial, communications, medical and aerospace/defense markets. The Intelligent Sensing Group segment includes designs and develops CMOS and CCD image sensors, as well as proximity sensors, image signal processors, single photon detectors, including SiPM and SPAD arrays, as well as actuator drivers for autofocus and image stabilization for a broad base of end-users in the automotive, industrial, consumer, wireless, medical and aerospace/defense markets.. The company was founded on August 4, 1999 and is headquartered in Phoenix, AZ.