Pacific Crest Upgrades ON Semiconductor Corp to Overweight

Brokerage firm Pacific Crest Upgrades its rating on ON Semiconductor Corp(NASDAQ:ON). The shares have been rated Overweight. Previously, the analysts had a Sector Weight rating on the shares. The rating by Pacific Crest was issued on Jun 13, 2016.

In a different note, Stephens & Co. said it Initiates Coverage on ON Semiconductor Corp, according to a research note issued on Jun 2, 2016. The shares have been rated ‘Equal-weight’ by the firm. CLSA said it Initiates Coverage on ON Semiconductor Corp, according to a research note issued on May 25, 2016. The shares have been rated ‘Outperform’ by the firm.

ON Semiconductor Corp (ON) shares turned negative on Fridays trading session with the shares closing down -0.04 points or -0.42% at a volume of 60,63,394. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $9.49. The peak price level was also seen at $9.49 while the days lowest was $9.27. Finally the shares closed at $9.45. The 52-week high of the shares is $12.71 while the 52-week low is $6.97. According to the latest information available, the market cap of the company is $3,920 M.

ON Semiconductor Corp(ON) last announced its earnings results on May 9, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $817.20M. Analysts had an estimated revenue of $820.25M. Earnings per share were $0.17. Analysts had estimated an EPS of $0.15.

Several Insider Transactions has been reported to the SEC. On Mar 24, 2016, Bernard Gutmann (Exec VP & CFO) sold 30,000 shares at $9.44 per share price.Also, On Mar 4, 2016, Paul E Rolls (Exec VP Sales & Marketing) sold 40,782 shares at $8.89 per share price.On Mar 4, 2016, Daryl Ostrander (director) sold 5,700 shares at $9.05 per share price, according to the Form-4 filing with the securities and exchange commission.

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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