ON Semiconductor Corporation (ON) Receives Price Target

ON Semiconductor Corporation (ON) stock is expected to deviate a maximum of $1.56 from the average target price of $12.89 for the short term period. 13 Street Experts have initiated coverage on the stock with the most promising target being $15 and the most muted being $10.

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.


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.

ON Semiconductor Corporation (NASDAQ:ON): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.79 and $10.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.02. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.99, notching a gain of 1.76% for the day. The total traded volume was 2,670,701 . The stock had closed at $10.80 on the previous day.

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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