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ON

ON Semiconductor

$21.61

0.1 (0.46%)

04:55
08/29/18
08/29
04:55
08/29/18
04:55

ON Semiconductor management to meet with B. Riley FBR

Meeting to be held in Baltimore on August 29 hosted by B. Riley FBR.

  • 29

    Aug

  • 12

    Sep

  • 08

    May

ON ON Semiconductor
$21.61

0.1 (0.46%)

08/09/18
MSCO
08/09/18
NO CHANGE
MSCO
Morgan Stanley downgrades semiconductor industry view to Cautious
Morgan Stanley analyst Joseph Moore said he has become less constructive on semiconductor stocks through the year and he now believes elevated inventory levels and stretched lead times leave "no margin for error." Given his view that any lead time adjustment or demand slowdown could drive a "meaningful correction," Moore has downgraded his semiconductor industry view to Cautious from In-Line. He favors connector companies, like Amphenol (APH) and TE Connectivity (TEL) over analog/MCU at this point in the cycle, due to lower risk around lead time issues, Moore said. He also has a "strong preference" for high margin and more defensive models, such as Analog Devices (ADI) over lower margin and commodity exposed ones, like Cypress Semiconductor (CY) and ON Semiconductor (ON), he said. Despite his more cautious view on the space, Moore keeps Overweight ratings on Nvidia (NVDA), Xilinx (XLNX) and Ambarella (AMBA), citing his view that they should benefit from secular growth in the area of AI, data center, and autonomous. Other semiconductor names include Microchip (MCHP), Qorvo (QRVO), Micron (MU), Intel (INTC), Broadcom (AVGO) and Qualcomm (QCOM).
08/09/18
MSCO
08/09/18
DOWNGRADE
Target $18.5
MSCO
Underweight
ON Semiconductor downgraded to Underweight on cyclical risks at Morgan Stanley
As previously reported, Morgan Stanley analyst Craig Hettenbach downgraded ON Semiconductor to Underweight from Equal Weight as he see a reduction in lead times serving as a possible catalyst for an inventory correction by Q4. He also views ON Semi shares as more susceptible to multiple contraction than peers if the cycle turns given the stock's period of strong outperformance. Hettenbach lowered his price target on ON Semi shares to $18.50 from $20.
08/09/18
08/09/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. GOLDMAN CUTS SEAGATE TO SELL: Goldman Sachs analyst Mark Delaney downgraded Seagate Technology (STX) to Sell from Neutral and lowered his price target for the shares to $44 from $50, representing 20% downside from current levels. While Seagate has improved its product offerings in the last few years, hard disk drives remain a cyclical industry, and one "facing secular challenges in many parts of the market," Delaney said. He believes Seagate's fundamentals will peak in the second half of 2018 and decline in 2019. RBC CUTS FOX TO SECTOR PERFORM ON VALUATION: RBC Capital analyst Steven Cahall downgraded 21st Century Fox (FOXA) to Sector Perform from Outperform, but raised his price target to $49 from $45. The analyst noted that the stock is now trading near its M&A price and that he does not see any competitive bids emerging. Cahall adds that while the company is "undervalued", he awaits the separation to re-evaluate his stance. MORGAN STANLEY DOWNGRADES SEMI INDUSTRY: Morgan Stanley analyst Joseph Moore said he has become less constructive on semiconductor stocks through the year and he now believes elevated inventory levels and stretched lead times leave "no margin for error." Given his view that any lead time adjustment or demand slowdown could drive a "meaningful correction," Moore has downgraded his semiconductor industry view to Cautious from In-Line. He favors connector companies, like Amphenol (APH) and TE Connectivity (TEL) over analog/MCU at this point in the cycle, due to lower risk around lead time issues, Moore said. He also has a "strong preference" for high margin and more defensive models, such as Analog Devices (ADI) over lower margin and commodity exposed ones, like Cypress Semiconductor (CY) and ON Semiconductor (ON), he said. Despite his more cautious view on the space, Moore kept Overweight ratings on Nvidia (NVDA), Xilinx (XLNX) and Ambarella (AMBA), citing his view that they should benefit from secular growth in the area of AI, data center, and autonomous. SOUTHERN COMPANY GETS MULTIPLE DOWNGRADES AFTER Q2 REPORT: Barclays analyst Eric Beaumont downgraded Southern Company (SO) to Equal Weight and lowered his price target for the shares to $48 from $51. Credit Suisse analyst Michael Weinstein downgraded Southern Company to Underperform from Neutral and lowered his price target on the shares to $43 from $46. Guggenheim analyst Shahriar Pourreza downgraded Southern Company to Neutral from Buy and lowered his price target on the stock to $47 from $50. Evercore ISI analyst Greg Gordon downgraded Southern Company to Underperform from In Line and lowered his price target on Southern shares to $46 from $46.75.
08/14/18
MZHO
08/14/18
NO CHANGE
MZHO
Buy
ON Semiconductor pullback a buying opportunity, says Mizuho
Mizuho analyst Vijay Rakesh views the recent pullback in shares of ON Semiconductor (ON) as a buying opportunity. The analyst attributes the selloff to concerns of a peaking semi cycle, but points out that over the last four-years, ON's exposure to auto and industrial revenue has almost doubled. However, the stock trades at a 50% discount to automotive and industrial peers including Texas Instruments (TXN), NXP Semiconductors (NXPI), Analog Devices (ADI), Maxim Integrated (MXIM) and Monolithic Power (MPWR), Rakesh tells investors in a research note.

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  • 11

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EKSO

Ekso Bionics

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AHT

Ashford Hospitality

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ADS

Alliance Data

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-6.725 (-3.59%)

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  • 11

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BESI

BE Semiconductor Ind

$0.00

(0.00%)

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  • 10

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BHR

Braemar Hotels & Resorts

$9.97

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AES

AES Corp.

$15.54

0.08 (0.52%)

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  • 11

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STZ

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$188.62

-2.13 (-1.12%)

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Canopy Growth

$31.39

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CGC

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COF

Capital One

$82.66

-1.93 (-2.28%)

, WFC

Wells Fargo

$50.26

-0.82 (-1.61%)

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$82.66

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WFC

Wells Fargo

$50.26

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CFG

Citizens Financial

$33.01

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PNC

PNC Financial

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-2.5 (-1.93%)

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LNC

Lincoln National

$56.38

-1.32 (-2.29%)

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TDC

Teradata

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  • 12

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EBAY

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  • 03

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FLIR

Flir Systems

$43.34

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PFNX

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SIR

Select Income REIT

$19.18

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ETSY

Etsy

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  • 11

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AJG

Arthur J. Gallagher

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  • 10

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HES

Hess Corp.

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SPAR

Spartan Motors

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GOV

Government Properties

$8.58

-0.2 (-2.28%)

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