ON Semiconductor Corporation (NASDAQ:ON) has tumbled 3.57% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 2.83% in the last four weeks. The stocks have underperformed the S&P 500 by 2.41% during the past week but ON Semiconductor Corporation (NASDAQ:ON) it has outperformed the index in 4 weeks by 1.89%.
ON Semiconductor Corporation (NASDAQ:ON): The stock opened at $9.47 on Friday but the bulls could not build on the opening and the stock topped out at $9.49 for the day. The stock traded down to $9.27 during the day, due to lack of any buying support eventually closed down at $9.45 with a loss of -0.42% for the day. The stock had closed at $9.49 on the previous day. The total traded volume was 6,063,394 shares.
The company shares have dropped -24.70% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $12.71 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $9.50 and the 200 Day Moving Average price is recorded at $9.25.
On the companys insider trading activities, Gutmann Bernard, officer (Exec VP & CFO) of On Semiconductor Corp, unloaded 30,000 shares at an average price of $9.44 on March 22, 2016. The total amount of the transaction was worth $283,200, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Major Brokerage house, Pacific Crest upgrades its ratings on ON Semiconductor Corporation (NASDAQ:ON). According to the latest information available, the shares are now rated Overweight by the analysts at the agency. Previously, the analysts had a Sector Weight rating on the shares. The rating by the firm was issued on June 13, 2016. Currently the company Insiders own 1.6% of ON Semiconductor Corporation shares according to the proxy statements. Institutional Investors own 94.37% of ON Semiconductor Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 4.91%.
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.