ON Semiconductor Corporation (ON) Shares are Up 7.71%

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 10.2% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 8.43%, 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 7.71% in the last 1 week, and is up 9.97% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 7.92% and the fifty day Moving Average is 14.02%. ON Semiconductor Corp. is up 14.18% in the last three month period. Year-to-Date the stock performance stands at 12.55%.

ON Semiconductor Corporation (ON) stock is expected to deviate a maximum of $1.63 from the average target price of $12.81 for the short term period. 13 Street Experts have initiated coverage on the stock with the most promising target being $15 and the most muted being $10.


ON Semiconductor Corporation (NASDAQ:ON): stock turned positive on Friday. Though the stock opened at $11.06, the bulls momentum made the stock top out at $11.44 level for the day. The stock recorded a low of $10.97 and closed the trading day at $11.03, in the green by 0.18%. The total traded volume for the day was 12,254,902. The stock had closed at $11.01 in the previous days trading.

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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