"B. Riley expects in-line to selectively better quarterly results from specialty materials and chip names despite persisting geopolitical risks. The analyst thinks the cyclical trough is behind ON, and that disciplined cost structure plus product wins should drive the next leg higher."
"On Semiconductor CEO Hassane El-Khoury told investors onsemi saw 'increasing signs of stabilization' in its key markets, indicating a positive shift in the company's operational environment."
"On Semiconductor's full-year 2025 revenue came in at $5.995 billion, down 15% year over year, while free cash flow hit a record $1.418 billion, showcasing the company's financial resilience."
B. Riley analyst Craig Ellis upgraded On Semiconductor stock to Buy, increasing the price target from $64 to $115. This upgrade reflects confidence in the company's recovery, particularly in power semiconductors and silicon carbide for electric vehicles. Ellis believes the cyclical trough is behind On Semiconductor, supported by management's comments on market stabilization. The company reported a revenue of $5.995 billion for 2025, down 15% year-over-year, but achieved a record free cash flow of $1.418 billion and initiated a $6 billion share repurchase program.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]