B.Riley FBR Sticks to Their Buy Rating for ON Semi (ON)

By Ryan Adsit

In a report issued on January 11, Craig Ellis from B.Riley FBR reiterated a Buy rating on ON Semi (ONResearch Report), with a price target of $23. The company’s shares opened today at $18.11.

According to TipRanks.com, Ellis is a top 100 analyst with an average return of 18.3% and a 58.4% success rate. Ellis covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Applied Materials Inc, and Axcelis Technologies.

ON Semi has an analyst consensus of Moderate Buy, with a price target consensus of $22.57, implying a 24.6% upside from current levels. In a report issued on January 9, Robert W. Baird also reiterated a Buy rating on the stock with a $28 price target.

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ON Semi’s market cap is currently $7.84B and has a P/E ratio of 8.18. The company has a Price to Book ratio of 2.47.

Based on the recent corporate insider activity of 97 insiders, corporate insider sentiment is negative on the stock. Most recently, in November 2018, Teresa Ressel, a Director at ON bought 20,000 shares for a total of $179,600.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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 Image Sensor Group.