ON Semiconductor Corporation (ON) : The highest level ON Semiconductor Corporation (ON) is projected to reach is $15 for the short term and the lowest estimate is at $10. The consolidated price target from 13 rating analysts who initiate coverage on the stock is $11.96 and the possibility the share price can swing is $1.83.
ON Semiconductor Corporation (ON), A reduction of 454,642 shares or 4% was observed in the short interest of ON Semiconductor Corporation The interest on June 30,2016 came in at 10,854,113 shares and as per the average daily trading of 6,321,861 shares, the days to cover are 2. The reduced interest is 2.7% of the floated shares. The data of June 15,2016 put the interest at 11,308,755 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Equity analysts at the Brokerage firm Pacific Crest upgrades its rating on ON Semiconductor Corporation (NASDAQ:ON). The rating major has initiated the coverage with overweight rating on the shares. Earlier, the shares were rated a Sector Weight by the brokerage firm. The rating by the firm was issued on June 13, 2016.
ON Semiconductor Corporation (NASDAQ:ON): stock turned positive on Thursday. Though the stock opened at $9.5, the bulls momentum made the stock top out at $9.51 level for the day. The stock recorded a low of $9.35 and closed the trading day at $9.44, in the green by 1.51%. The total traded volume for the day was 2,170,188. The stock had closed at $9.3 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.