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ON

ON Semiconductor

$19.11

-0.035 (-0.18%)

05:39
09/25/18
09/25
05:39
09/25/18
05:39

ON Semiconductor initiated with a Sector Weight at KeyBanc

KeyBanc analyst Weston Twigg started ON Semiconductor with a Sector Weight rating. The analyst launched coverage of 10 Semiconductor names with neutral ratings saying "softening" cycle metrics, near-term demand dynamics, and trade war risks will likely present near-term headwinds for the stocks.

  • 08

    Mar

ON ON Semiconductor
$19.11

-0.035 (-0.18%)

09/17/18
09/17/18
DOWNGRADE
Target $47

Underweight
Sensata downgraded to Underweight on rising cyclical risks at Morgan Stanley
As previously reported, Morgan Stanley analyst Craig Hettenbach downgraded Sensata (ST) to Underweight from Equal Weight as he thinks a recent slowing across its end markets, particularly autos, which make up 60% of sales, increase the risk of a miss in Q4. He notes that the stock has held up much better in the last few weeks than other semi companies - such as Texas Instruments (TXN), ON Semiconductor (ON) and Cypress Semiconductor (CY) - facing similar risks, which leads Hettenbach to think Sensata is more susceptible to any disappointment. While the key driver of his downgrade is cyclical concerns, the analyst also noted that he is keeping an eye on the increased traction that TE Connectivity (TEL) and Amphenol (APH) are seeing in sensors. Hettenbach lowered his price target on Sensata shares to $47 from $55.
09/10/18
MZHO
09/10/18
NO CHANGE
Target $27
MZHO
Mizuho sees strong second half for ON Semiconductor
Mizuho analyst Vijay Rakesh reiterates a Buy rating on ON Semiconductor (ON) with a $27 price target after hosting investor meetings with management. Channel inventory remains at the low end and the company's auto catalysts include $200 per car of electric vehicle content shipping to China manufacturers, Rakesh tells investors in a research note. Further, he believes ON's 2019 server content likely grows 50% to $45 on next generation Intel (INTC) servers. The analyst sees a "strong" strong half of the year for the company.
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.
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.

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LM

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SQM

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  • 23

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SQM

SQM

$30.86

-1.82 (-5.57%)

18:51
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EPE

EP Energy

$0.16

(0.00%)

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TMUS

T-Mobile

$76.07

-0.28 (-0.37%)

, NFLX

Netflix

$352.23

-7.47 (-2.08%)

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NFLX

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$352.23

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HOPE

Hope Bancorp

$13.23

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CTL

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HPQ

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HPQ

HP Inc.

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BA

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BA

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TCCO

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HPQ

HP Inc.

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RST

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CCF

Chase Corporation

$100.72

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RNR

RenaissanceRe

$170.85

-0.34 (-0.20%)

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RTIX

RTI Surgical

$4.40

-0.08 (-1.79%)

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  • 28

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DXC

DXC Technology

$52.00

-2.5 (-4.59%)

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Earnings
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  • 23

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