Truist cuts estimates on ON Semiconductor (ON) following weak 4Q guidance

ON Semiconductor (ON) PT Lowered to $80 at TD Cowen

TD Cowen analyst Matthew Ramsay lowered the price target on ON Semiconductor (NASDAQ: ON) to $80.00 (from $125.00) while maintaining a Outperform rating.... More

ON Semiconductor (ON) PT Lowered to $76 at Morgan Stanley

Morgan Stanley analyst Joseph Moore lowered the price target on ON Semiconductor (NASDAQ: ON) to $76.00 (from $110.00) while maintaining a Equalweight rating.... More

ON Semiconductor (ON) PT Lowered to $95 at Jefferies

Jefferies analyst Mark Lipacis lowered the price target on ON Semiconductor (NASDAQ: ON) to $95.00 (from $125.00) while maintaining a Buy rating.... More

ON Semiconductor (ON) PT Lowered to $110 at B.Riley

B.Riley analyst Craig Ellis lowered the price target on ON Semiconductor (NASDAQ: ON) to $110.00 (from $135.00) while maintaining a Buy rating.... More

ON Semiconductor (ON) PT Lowered to $81 at Truist Securities

Truist Securities analyst William Stein lowered the price target on ON Semiconductor (NASDAQ: ON) to $81.00 (from $122.00) while maintaining a Buy rating.... More

ON Semiconductor (ON) PT Lowered to $95 at JPMorgan

JPMorgan analyst Harlan Sur lowered the price target on ON Semiconductor (NASDAQ: ON) to $95.00 (from $118.00) while maintaining a Neutral rating.... More

ON Semiconductor (ON) PT Lowered to $75 at Rosenblatt

Rosenblatt analyst Kevin Cassidy lowered the price target on ON Semiconductor (NASDAQ: ON) to $75.00 (from $100.00) while maintaining a Neutral rating.... More

ON Semiconductor (ON) PT Lowered to $70 at BMO Capital

BMO Capital analyst Ambrish Srivastava lowered the price target on ON Semiconductor (NASDAQ: ON) to $70.00 (from $110.00) while maintaining a Market Perform rating.... More

ON Semiconductor (ON) PT Lowered to $98 at Mizuho Securities

Mizuho Securities analyst Vijay Rakesh lowered the price target on ON Semiconductor (NASDAQ: ON) to $98.00 (from $120.00) while maintaining a Buy rating.... More

ON Semiconductor (ON) PT Lowered to $110 at Wells Fargo

Wells Fargo analyst Gary Mobley lowered the price target on ON Semiconductor (NASDAQ: ON) to $110.00 (from $130.00) while maintaining a Overweight rating.... More

ON Semiconductor (ON) PT Lowered to $93 at Goldman Sachs

Goldman Sachs analyst Toshiya Hari lowered the price target on ON Semiconductor (NASDAQ: ON) to $93.00 (from $106.00) while maintaining a Buy rating.... More

Baird Downgrades STMicroelectronics (STM) to Neutral

(Updated - October 31, 2023 4:40 AM EDT)

Baird analyst Tristen Gerra downgraded STMicroelectronics (NYSE: STM) from Outperform to Neutral with a price target of $35.00 (from $50.00).

The analyst comments "Downgrading ON Semi, STMicro, and Diodes to Neutral on supply/demand normalization. In addition to a resumption... More

Baird Downgrades ON Semiconductor (ON) to Neutral

(Updated - October 31, 2023 4:39 AM EDT)

Baird analyst Tristan Gerra downgraded ON Semiconductor (NASDAQ: ON) from Outperform to Neutral with a price target of $60.00 (from $120.00).

The analyst comments "Downgrading ON Semi, STMicro, and Diodes to Neutral on supply/demand normalization. In addition to a... More

Baird Downgrades Diodes (DIOD) to Neutral

(Updated - October 31, 2023 4:39 AM EDT)

Baird analyst Tristan Gerra downgraded Diodes (NASDAQ: DIOD) from Outperform to Neutral with a price target of $70.00 (from $120.00).

The analyst comments "Downgrading ON Semi, STMicro, and Diodes to Neutral on supply/demand normalization. In addition to a... More

ON Semiconductor (ON) PT Lowered to $95 at KeyBanc

KeyBanc analyst John Vinh lowered the price target on ON Semiconductor (NASDAQ: ON) to $95.00 (from $125.00) while maintaining a Overweight rating.... More

Stock Market Today: Dow racks up swashbuckling gains as big tech shows strength

Investing.com -- The Dow racked up gains to close higher Monday, as big tech led the broader move higher ahead of quarterly earnings from Apple due later this week, and the Federal Reserves interest rate decision slated for Wednesday.

The Dow Jones Industrial Average jumped 1.6% or 511 points, and the S&P 500 rose 1.2%, the Nasdaq gained 1.2%.

Big tech including Alphabet (NASDAQ: GOOGL), Meta Platforms Inc (NASDAQ: META), and Meta Platforms (NASDAQ:... More

ON Semiconductor (ON) PT Lowered to $92 at Needham & Company

Needham & Company analyst Rajvindra Gill lowered the price target on ON Semiconductor (NASDAQ: ON) to $92.00 (from $120.00) while maintaining a Buy rating.

The analyst commented, "Onsemi reported a strong quarter but guided down ~8% Q/Q as a key SiC customer pushes out ~$200MM of... More

ON Semiconductor (ON) PT Lowered to $72 at Stifel

Stifel analyst Tore Svanberg lowered the price target on ON Semiconductor (NASDAQ: ON) to $72.00 (from $105.00) while maintaining a Hold rating.... More

S&P 500 rallies ahead of busy week as Apple earnings, Fed decision eyed

Investing.com -- The S&P 500 jumped Monday, led by big tech ahead of the earnings from Apple later this week, and the Federal Reserves interest rate decision due Wednesday.

The S&P 500 rose 1.3%, the Nasdaq gained 1.3%, and the Dow Jones Industrial Average jumped 1.7% or 558 points.

Big tech including Alphabet (NASDAQ: GOOGL), Meta Platforms Inc (NASDAQ: META), and Meta Platforms (NASDAQ: META) rallied to lift the broader... More

Onsemi (ON) to cut 900 jobs as slowing EV demand hints at sluggish 4Q

Onsemi (NASDAQ: ON), a semi-conductor chip maker with customers in the auto sector, announced Monday that they will be reducing their workforce by 900 jobs as they foresee a sluggish 4Q. The move feeds growing fears in the sector that slowing EV demand has begun to hurt orders for chips.

The announcement sent Onsemi shares tumbling more than 18% on Monday.

Onsemi serves clients such as the European... More

Craig-Hallum Downgrades ON Semiconductor (ON) to Hold

Craig-Hallum analyst Anthony J. Stoss downgraded ON Semiconductor (NASDAQ: ON) from Buy to Hold.

For an analyst ratings summary and ratings history on ON Semiconductor click here. For more ratings news on ON Semiconductor click here.

Shares of ON Semiconductor closed at $83.52 yesterday.

Summit Insights Downgrades ON Semiconductor (ON) to Hold, 'concerned with the higher risk of gross margin pressure'

(Updated - October 30, 2023 1:09 PM EDT)

Summit Insights analyst Kinngai Chan downgraded ON Semiconductor (NASDAQ: ON) from Buy to Hold.

The analyst comments "While we continue to believe ON's product positioning in the automotive market is somewhat unique, it is not immune... More

onsemi (ON) falls 7% on weak guidance

On Semiconductor (NASDAQ: ON) shares fell more than 7% after the chipmaker offered a weaker-than-expected outlook for this quarter.

The company's forecast for adjusted earnings per share is $1.13 to $1.27 fell short of the average analyst estimate of $1.36. Moreover, ON Semiconductor's projected adjusted gross... More

onsemi (ON) Tops Q3 EPS by 5c ; Offers Guidance

onsemi (NASDAQ: ON) reported Q3 EPS of $1.39, $0.05 better than the analyst estimate of $1.34. Revenue for the quarter came in at $2.18 billion versus the consensus estimate of $2.15 billion.

GUIDANCE:

onsemi sees Q4 2023 EPS of $1.13-$1.27, versus the consensus of $1.37. onsemi sees Q4... More

onsemi (ON) November weekly option implied volatility elevated into quarter results

onsemi (NASDAQ: ON) November weekly call option implied volatility is at 80, November is at 60; compared to its 52-week range of 33 to 63 into the expected release of quarter results before the bell on October 30.

onsemi (ON) November weekly 83 straddle into quarter results

onsemi (NASDAQ: ON) November weekly 83 straddle is priced for a move of 9% into the expected release of quarter results before the bell on October 30.