Stifel Maintains Hold Rating for ON Semiconductor: Here's What You Need To Know

Stifel has decided to maintain its Hold rating of ON Semiconductor ON and raise its price target from $78.00 to $83.00.

Shares of ON Semiconductor are trading up 4.18% over the last 24 hours, at $86.52 per share.

A move to $83.00 would account for a 4.06% decrease 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.