Movement Alert｜ON Semiconductor Falls 5.32% in Regular Trading, Price-Target Cuts Weigh on Sentiment

Market Focus10-22 23:11

On October 22, ON Semiconductor fell 5.32% in Regular Trading, trading at $72.82 per share, with turnover of $187 million.

The clearest catalyst in publicly available information was another analyst target cut: B. Riley lowered its price target to $105 from $127 while maintaining a Buy rating, following Susquehanna's reduction to $120 from $150 the prior day.

The latest revisions point to softer near-term expectations even though broader analyst sentiment remains constructive. Available reports indicate ON Semiconductor still carries an average overweight rating, with a mean price target of about $104.79. Earlier this month, Stifel also adjusted its target to $80 from $75 and kept a Hold rating, underscoring a mixed but recently more cautious sell-side tone.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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