Susquehanna Maintains Positive Rating for ON Semiconductor: Here's What You Need To Know

Susquehanna has decided to maintain its Positive rating of ON Semiconductor ON and raise its price target from $77.00 to $82.00.

Shares of ON Semiconductor are trading up 3.15% over the last 24 hours, at $65.67 per share.

A move to $82.00 would account for a 24.88% increase from the current share price.

About ON Semiconductor

Onsemi is a supplier of power semiconductors and sensors focused on the automotive and industrial markets. Onsemi is the second- largest power chipmaker in the world and the largest supplier of image sensors to the automotive market. While the firm used to be highly vertically integrated, it now pursues a hybrid manufacturing strategy for flexible capacity. Onsemi is pivoting to focus on emerging applications like electric vehicles, autonomous vehicles, industrial automation, and renewable energy.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.