ON Semiconductor Corporation (ON) : Traders are bullish on ON Semiconductor Corporation (ON) as it has outperformed the S&P 500 by a wide margin of 12.73% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 9.65%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 10.23% in the last 1 week, and is up 10.45% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 5.93% and the 50-Day Moving Average is 11.58%.The 200 Day SMA reached 19.58% ON Semiconductor Corp. is up 19.68% in the last 3-month period. Year-to-Date the stock performance stands at 15.41%.
ON Semiconductor Corporation (ON) : 13 investment research analysts covering ON Semiconductor Corporation (ON) have an average price target of $12.73 for the near short term. The highest target price given by the Brokerage Firm to the stock is $15 and the lowest target is $10 for the short term. Analysts expect the variance to be within $1.42 of the average price.
For the current week, the company shares have a recommendation consensus of Buy. ON Semiconductor Corporation (NASDAQ:ON): The stock opened at $10.84 and touched an intraday high of $11.33 on Friday. During the day, the stock corrected to an intraday low of $10.77, however, the bulls stepped in and pushed the price higher to close in the green at $11.31 with a gain of 4.92% for the day. The total traded volume for the day was 15,007,487. The stock had closed at $11.31 in the previous trading session.
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.