ON Semiconductor Extends Tender Offer to Acquire Fairchild Semiconductor
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Susquehanna Remains Positive Despite ON Semiconductor's (ON) Conservative Outlook
February 8, 2016 3:33 PM ESTSusquehanna maintained a Positive rating on ON Semiconductor (NASDAQ: ON), and cut the price target to $12.00 (from $14.00), following the company's 4Q. ON reported revenue of $840 mln, down 7% Q/Q, slightly below consensus of $850 mln. EPS of $0.19 was in line with consensus. The company guided 2Q revenue to $820 mln at the midpoint, or down 2.4% Q/ Q, slightly below consensus of $840 mln.
Analyst... More
Baird Cuts Price Target as ON Semiconductor (ON) Reports In-Line Results
February 8, 2016 2:57 PM ESTBaird maintained an Outperform rating on ON Semiconductor (NASDAQ: ON), and cut the price target to $12.00 (from $13.00), following the company's 4Q earnings report. ON reported 4Q pro forma EPS of $0.19, exactly in line with consensus. Revenue of $840.3 million was below the midpoint of the $830-$870... More
