BofA lowered the firm’s price target on On Semi (ON) to $52 from $56 and keeps a Neutral rating on the shares. Q2 earnings, recent intra-quarter conference appearances, and new macro data suggest “a lumpy recovery path” for analog semi vendors, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ON:
- Early notable gainers among liquid option names on August 22nd
- Early notable gainers among liquid option names on August 12th
- ON Semiconductor, Block, Digital Turbine, RingCentral, Vertex: Trending by Analysts
- Watch Out! Analysts Downgraded these Stocks on August 4
- ON Semiconductor’s Earnings Call: Mixed Sentiments and Strategic Growth