ON Semiconductor Corp (ON) is Upgraded by Pacific Crest to Overweight

ON Semiconductor Corp (ON) was Upgraded by Pacific Crest to ” Overweight”. Earlier the firm had a rating of “Sector Weight ” on the company shares. Pacific Crest advised their investors in a research report released on Jun 13, 2016.

Many Wall Street Analysts have commented on ON Semiconductor Corp. Credit Agricole Initiated ON Semiconductor Corp on May 25, 2016 to “Outperform”, Price Target of the shares are set at $11.

On the company’s financial health, ON Semiconductor Corp reported $0.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on May 9, 2016. Analyst had a consensus of $0.20. The company had revenue of $817.20 million for the quarter, compared to analysts expectations of $854.25 million. The company’s revenue was down -6.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.20 EPS.

ON Semiconductor Corp closed down -0.22 points or -2.20% at $9.8 with 40,01,755 shares getting traded on Friday. Post opening the session at $9.85, the shares hit an intraday low of $9.74 and an intraday high of $9.94 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Mar 24, 2016, Bernard Gutmann (Exec VP & CFO) sold 30,000 shares at $9.44 per share price. According to the SEC, 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.

ON Semiconductor Corp

Leave a Reply

ON Semiconductor Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on ON Semiconductor Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.