ON Semiconductor Corporation (ON) : The consensus on ON Semiconductor Corporation (ON) based on 12 analyst recommendation on the company stock is 1.78, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 7 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
ON Semiconductor Corporation (ON) : The consensus price target for ON Semiconductor Corporation (ON) is $12.73 for the short term with a standard deviation of $1.42. The most optimist securities analyst among the 13 who monitor the stock believes that the stock can reach $15, however, the pessimist price target for the company is $10.
Also, Major Brokerage house, Longbow Research upgrades its ratings on ON Semiconductor Corporation (NASDAQ:ON). According to the latest information available, the shares are now rated Buy by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on August 24, 2016.
ON Semiconductor Corporation (NASDAQ:ON): After opening at $10.38, the stock dipped to an intraday low of $10.38 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $10.7999 and the buying power remained strong till the end. The stock closed at $10.78 for the day, a gain of 3.75% for the day session. The total traded volume was 4,614,372. The stocks close on the previous trading day was $10.39.
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.