Equities research analysts at Evercore Partners initiated coverage on shares of ON Semiconductor (NASDAQ: ONNN) in a research note issued to investors on Monday. They set an “overweight” rating and a $9.00 price target on the stock.
Separately, analysts at Credit Suisse (NYSE: CS) cut their EPS estimates on shares of ON Semiconductor in a research note on Tuesday. They now have a “neutral” rating and a $8.50 price target on the stock. Also, analysts at Citigroup (NYSE: C) downgraded shares of ON Semiconductor from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, November 3rd. They now have a $8.00 price target on the stock.
ON Semiconductor Corporation (ON Semiconductor) is a global supplier of power, analog, digital signal processing, mixed signal, advanced logic, data management semiconductors, memory and standard semiconductor components, and integrated circuits. The Company designs, manufactures and markets a portfolio of semiconductor components that address the design needs of electronic systems and products. Its power management semiconductor components control, convert, protect and monitor the supply of power to the different elements within a range of electronic devices.