10 Important AI News and Ratings for Today

3. ON Semiconductor Corporation (NASDAQ:ON)

Number of Hedge Fund Holders: 45

ON Semiconductor Corporation (NASDAQ:ON) provides intelligent sensing and power solutions for automotive, industrial, and mobile markets, focusing on electrification, energy sustainability, and semiconductor products for various applications.

On January 22, Susquehanna reduced On Semiconductor’s price target from $80 to $70 while maintaining a Positive rating ahead of its Q4 update. The firm noted potential gains in data centers, PCs, and mobile but describes the overall recovery as inconsistent due to demand uncertainty and inventory challenges. It also highlighted that high expectations for broad-based businesses in Q1 may outweigh any slight improvements in Q4.