Jefferies (NYSE:JEF) analyst Mark Lipacis maintained a Buy rating on ON Semiconductor on Monday, setting a price target of $63, which is approximately 14.57% above the present share price of $54.99.
Lipacis expects ON Semiconductor to post earnings per share (EPS) of $0.43 for the fourth quarter of 2021.
The current consensus among 22 TipRanks analysts is for a Moderate Buy rating of shares in ON Semiconductor, with an average price target of $61.32.
The analysts price targets range from a high of $75 to a low of $45.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $1.67 billion and a net profit of $299.7 million. The company's market cap is $23.67 billion.
According to TipRanks.com, Jefferies analyst Mark Lipacis is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 34.1% and a 80.58% success rate.
ON Semiconductor Corp. engages in the design, manufacture, and marketing of portfolio of semiconductor components. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions. The Advanced Solutions Group segment designs and develops analog, mixed-signal, advanced logic, ASSPs and ASICs, Wi-Fi and power solutions for a broad base of end-users in the automotive, consumer, computing, industrial, communications, medical and aerospace/defense markets. The Intelligent Sensing Group segment includes designs and develops CMOS and CCD image sensors, as well as proximity sensors, image signal processors, single photon detectors, including SiPM and SPAD arrays, as well as actuator drivers for autofocus and image stabilization for a broad base of end-users in the automotive, industrial, consumer, wireless, medical and aerospace/defense markets.. The company was founded on August 4, 1999 and is headquartered in Phoenix, AZ.