Price Target Update on ON Semiconductor Corporation (NASDAQ:ON)

ON Semiconductor Corporation (NASDAQ:ON) : The most positive equity analysts on ON Semiconductor Corporation (NASDAQ:ON) expects the shares to touch $15, whereas, the least positive believes that the stock will trade at $10 in the short term. The company is covered by 14 Wall Street Brokerage Firms. The average price target for shares are $12.04 with an expected fluctuation of $1.78 from the mean.

Other Equity analysts have also commented 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.

ON Semiconductor Corporation (NASDAQ:ON): stock turned positive on Thursday. Though the stock opened at $9.82, the bulls momentum made the stock top out at $9.905 level for the day. The stock recorded a low of $9.77 and closed the trading day at $9.87, in the green by 1.86%. The total traded volume for the day was 2,316,451. The stock had closed at $9.69 in the previous days trading.

The company shares have dropped -22.54% 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 $9.52 and the 200 Day Moving Average price is recorded at $9.20. 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.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.