ON Semiconductor Corporation (ON) has risen sharply, recording gains of 12.12% in the past 4 weeks. However, the stock has corrected -0.4% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 9.4% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
ON Semiconductor Corporation (NASDAQ:ON): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.87 and $9.78 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.05. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.99, notching a gain of 2.15% for the day. The total traded volume was 4,389,454 . The stock had closed at $9.78 on the previous day.
The stock has recorded a 20-day Moving Average of 3.77% and the 50-Day Moving Average is 5.01%. ON Semiconductor Corp. is up 6.16% in the last 3-month period. Year-to-Date the stock performance stands at 1.94%.
ON Semiconductor Corporation (ON) : The most positive equity analysts on ON Semiconductor Corporation (ON) expects the shares to touch $15, whereas, the least positive believes that the stock will trade at $10 in the short term. The company is covered by 13 Wall Street Brokerage Firms. The average price target for shares are $11.96 with an expected fluctuation of $1.83 from the mean.
ON Semiconductor Corporation offers a portfolio of analog, digital and mixed signal ICs, image sensors and custom devices for customers to solve their design challenges in electronic systems and products. The company operates through four segments: Application Products Group designs and develops analog, mixed-signal and logic ASIC and ASSP solutions for end-users in the automotive, consumer electronics, computing, industrial, communications, medical and military/aerospace markets. Image Sensor Group designs and develops CMOS and CCD image sensors and image processors for end-users in the automotive, industrial, consumer electronics, wireless, medical, and military/aerospace markets. Standard Products Group offers discrete and integrated semiconductor products that perform multiple application functions. System Solutions Group designs and develops analog and mixed signal ICs, DSPs, analog and digital tuners, intelligent power modules, memory and discrete semiconductors.