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 10.52% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 4.99%, 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 4.92% in the last 1 week, and is up 14.24% 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 7.54% and the 50-Day Moving Average is 6.16%. ON Semiconductor Corp. is up 5.91% in the last 3-month period. Year-to-Date the stock performance stands at 2.35%.
ON Semiconductor Corporation (NASDAQ:ON): On Fridays trading session , Opening price of the stock was $10.11 with an intraday high of $10.11. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $9.91. However, the stock managed to close at $10.03, a loss of 0.40% for the day. On the previous day, the stock had closed at $10.07. The total traded volume of the day was 2,717,530 shares.
Also, Pacific Crest upgrades its rating on ON Semiconductor Corporation (NASDAQ:ON). Analysts at the Pacific Crest have a current rating of Overweight on the shares. The shares were previously rated Sector Weight. The rating by the firm was issued on June 13, 2016.
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.