ON Semiconductor Corporation (ON) : 12 analysts are covering ON Semiconductor Corporation (ON) and their average rating on the stock is 1.94, which is read as a Buy. 6 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 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
ON Semiconductor Corporation (ON) : Average target price received by ON Semiconductor Corporation (ON) is $11.96 with an expected standard deviation of $1.83. The most aggressive target on the stock is $15, whereas the most downbeat target is $10. 13 financial analysts are currently covering the stock.
ON Semiconductor Corporation (NASDAQ:ON): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.37 and $8.11 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.48. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.47, notching a gain of 0.12% for the day. The total traded volume was 4,442,262 . The stock had closed at $8.46 on the previous day.
Also, Equity Analysts at the Pacific Crest upgrades the rating on ON Semiconductor Corporation (NASDAQ:ON). The brokerage firm has issued a Overweight rating on the shares. The shares were previously rated Sector Weight. The rating by the firm was issued on June 13, 2016. The company shares have dropped -23.51% from its 1 Year high price. On Nov 6, 2015, the shares registered one year high at $11.62 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $9.44 and the 200 Day Moving Average price is recorded at $9.10.
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.