ON Semiconductor Corp (ON) was Upgraded by Morgan Stanley to ” Equal-Weight”. Earlier the firm had a rating of “Underweight ” on the company shares. Morgan Stanley advised their investors in a research report released on Sep 22, 2016.
Many Wall Street Analysts have commented on ON Semiconductor Corp. Deutsche Bank Resumed ON Semiconductor Corp on Sep 20, 2016 to “Buy”, Price Target of the shares are set at $15.Company shares were Reiterated by Stifel on Sep 20, 2016 to “Buy”, Firm has raised the Price Target to $ 15 from a previous price target of $13 .ON Semiconductor Corp was Upgraded by Longbow to ” Buy” on Aug 24, 2016.
On the company’s financial health, ON Semiconductor Corp reported $0.21 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus of $0.24. The company had revenue of $877.80 million for the quarter, compared to analysts expectations of $892.13 million. The company’s revenue was down -.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.
ON Semiconductor Corp opened for trading at $11.74 and hit $12 on the upside on Tuesday, eventually ending the session at $11.58, with a gain of 0.52% or 0.06 points. The heightened volatility saw the trading volume jump to 90,69,871 shares. Company has a market cap of $4,812 M.
In a different news, on Aug 29, 2016, Paul E Rolls (Exec VP Sales & Marketing) sold 15,000 shares at $11.25 per share price. According to the SEC, on Mar 24, 2016, Bernard Gutmann (Exec VP & CFO) sold 30,000 shares at $9.44 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.