Big Dip! Top Semiconductor Stock Hits the Brakes.

Truist Securities has recently altered its stance on On Semiconductor (NASDAQ:ON), and the market has responded with noticeable concern. On Friday, On Semiconductor’s stock experienced a significant drop of around 5%, directly following a downgrade from Truist Securities, moving from a “Buy” recommendation to a “Hold.” The Shift in Perspective The investment firm has also adjusted its price target for On Semiconductor, lowering it substantially from $85 to $60. This downgrade came after analysts, led by William Stein, participated in the Consumer Technology Association event, where they gained insights that influenced their revised outlook on the company’s prospects. Market ReactionThe post Big Dip! Top Semiconductor Stock Hits the Brakes. appeared first on Zaman.