Large Inflow of Money Detected in ON Semiconductor Corporation

ON Semiconductor Corporation (ON) : Tuesdays money flow points at investors jumping to buy the stock on the weakness of price. $12.3 million worth of transactions were on upticks, whereas, the downticks accounted for $5.27 million worth of transactions. The net money flow was a positive $7.03 million and the uptick to downtick ratio was 2.33. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 8.5 in their favor. The net money flow into the stock was $6.85 million. The value of block trades done on downticks was only $0.91 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $7.76 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. ON Semiconductor Corporation (ON) was trading at $10.89, down $0.09 during day. The stock slid -0.82% over the previous days close. For the week, the stock recorded -1.27% over the previous weeks close.


Also, Equity Analysts at the Longbow Research upgrades the rating on ON Semiconductor Corporation (NASDAQ:ON). The brokerage firm has issued a Buy rating on the shares. The shares were previously rated Neutral. The rating by the firm was issued on August 24, 2016.

Shares of ON Semiconductor Corp. rose by 2.64% in the last five trading days and 8.57% for the last 4 weeks. ON Semiconductor Corp. is up 9.45% in the last 3-month period. Year-to-Date the stock performance stands at 11.12%.

ON Semiconductor Corporation (NASDAQ:ON): The stock opened at $10.95 on Tuesday but the bulls could not build on the opening and the stock topped out at $11.08 for the day. The stock traded down to $10.87 during the day, due to lack of any buying support eventually closed down at $10.89 with a loss of -0.82% for the day. The stock had closed at $10.98 on the previous day. The total traded volume was 5,040,828 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.

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