Brokerage Firm Rating Update on ON Semiconductor Corporation (ON)

ON Semiconductor Corporation (ON) : 12 analysts are covering ON Semiconductor Corporation (ON) and their average rating on the stock is 1.78, which is read as a Buy. 7 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. ON Semiconductor Corporation (ON) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

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 $12.89 with an expected fluctuation of $1.56 from the mean.


For the current week, the company shares have a recommendation consensus of Buy. Also, In a research note released to the investors, Longbow Research upgrades its rating on ON Semiconductor Corporation (NASDAQ:ON).The analysts at the brokerage house have a current rating of Buy on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on August 24, 2016.

ON Semiconductor Corporation (NASDAQ:ON): The stock opened at $10.9 and touched an intraday high of $10.97 on Wednesday. During the day, the stock corrected to an intraday low of $10.83, however, the bulls stepped in and pushed the price higher to close in the green at $10.92 with a gain of 0.37% for the day. The total traded volume for the day was 3,886,791. The stock had closed at $10.88 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.

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