William Blair analyst Jed Dorsheimer has maintained their neutral stance on ON stock, giving a Hold rating on April 30.
Jed Dorsheimer has given his Hold rating due to a combination of factors including ON Semiconductor’s recent financial performance and market outlook. The company’s first-quarter results met expectations, and its guidance for the second quarter slightly exceeded consensus, suggesting a stabilization in its financial trajectory.
Despite the positive short-term indicators, Dorsheimer remains cautious, likely considering broader market conditions and potential risks that could impact the company’s future performance. The Hold rating reflects a balanced view, acknowledging the company’s current achievements while remaining mindful of uncertainties that could affect its long-term growth prospects.
Based on the recent corporate insider activity of 48 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.