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Onsemi's stock hit a one-year low despite a "Moderate Buy" rating and $66.50 price target.
Onsemi's stock hit a one-year low, trading at $37.24, down from $40.76, with the company reporting earnings per share of $0.95, missing forecasts by $0.03.
Despite this, Onsemi has a "Moderate Buy" rating and a price target of $66.50.
The company, which focuses on semiconductors for automotive and industrial sectors, saw investment firm Grantham Mayo Van Otterloo & Co. LLC reduce its stake by 4.7%.
Onsemi's market cap is $14.20 billion.
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Las acciones de Onsemi alcanzaron un mínimo de un año a pesar de una calificación de "Compra Moderada" y un objetivo de precio de $66.50.