ON Semiconductor Corporation (ON) : Zacks Investment Research ranks ON Semiconductor Corporation (ON) as 3, which is a Hold recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 1.94, which indicates as a Buy.
ON Semiconductor Corporation (ON) has been rated by 13 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $15 and the lowest price target forecast is $10. The average forecast of all the analysts is $12.5 and the expected standard deviation is $1.76.
For the current week, the company shares have a recommendation consensus of Buy. ON Semiconductor Corporation (NASDAQ:ON): The stock opened at $10.30 on Thursday but the bulls could not build on the opening and the stock topped out at $10.37 for the day. The stock traded down to $10.13 during the day, due to lack of any buying support eventually closed down at $10.27 with a loss of -0.29% for the day. The stock had closed at $10.30 on the previous day. The total traded volume was 5,836,077 shares.
In a related news, The Securities and Exchange Commission has divulged that Gutmann Bernard, officer (Exec VP & CFO) of On Semiconductor Corp, had unloaded 30,000 shares at an average price of $9.44 in a transaction dated on March 22, 2016. The total value of the transaction was worth $283,200.
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.