Stock of The Day: It Seems ON Semiconductor Corp Will Go Up. Have Another Big Increase

Stock of The Day: It Seems ON Semiconductor Corp Will Go Up. Have Another Big Increase

The stock of ON Semiconductor Corp (NASDAQ:ON) is a huge mover today! About 1.27 million shares traded hands. ON Semiconductor Corp (NASDAQ:ON) has risen 15.75% since April 11, 2016 and is uptrending. It has outperformed by 9.61% the S&P500.
The move comes after 5 months positive chart setup for the $4.48B company. It was reported on Nov, 11 by We have $13.89 PT which if reached, will make NASDAQ:ON worth $1.16B more.

ON Semiconductor Corp (NASDAQ:ON) Ratings Coverage

Out of 16 analysts covering ON Semiconductor Corp. (NASDAQ:ON), 10 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 63% are positive. ON Semiconductor Corp. has been the topic of 22 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock has “Equal-Weight” rating given by Stephens on Thursday, June 2. The rating was upgraded by Wedbush on Friday, October 30 to “Outperform”. Stifel Nicolaus maintained ON Semiconductor Corp (NASDAQ:ON) on Tuesday, September 20 with “Buy” rating. The firm earned “Buy” rating on Tuesday, February 9 by Stifel Nicolaus. The rating was maintained by Needham with “Buy” on Monday, November 2. The stock of ON Semiconductor Corp (NASDAQ:ON) earned “Hold” rating by TheStreet on Monday, August 17. The rating was upgraded by Morgan Stanley to “Equal-Weight” on Thursday, September 22. Citigroup upgraded ON Semiconductor Corp (NASDAQ:ON) on Thursday, November 19 to “Buy” rating. The stock has “Hold” rating given by Jefferies on Wednesday, August 5. On Wednesday, August 24 the stock rating was upgraded by Longbow to “Buy”.

According to Zacks Investment Research, “ON SEMICON CORP. is a supplier of broadband and power management integrated circuits and standard semiconductors used in numerous advanced devices ranging from high-speed fiber optic networking equipment to the precise power management functions found in portable electronics. Their products provide clock management and data flow management for precision computing and communications systems, and power management for distributing and monitoring the supply of power to the different elements within virtually every electronic device.”

More recent ON Semiconductor Corp (NASDAQ:ON) news were published by: which released: “Why ON Semiconductor Corp. Gained 14% in September” on October 13, 2016. Also published the news titled: “Why Cypress Semiconductor Corp. Fell 18% in October” on November 10, 2016.‘s news article titled: “ON Semiconductor Corp. Reveals 78% Decline In Q3 Bottom Line” with publication date: November 07, 2016 was also an interesting one.

ON Company Profile

ON Semiconductor Corporation, incorporated on June 22, 2000, offers a portfolio of analog, digital and mixed signal integrated circuits (ICs), standard products, image sensors and custom devices for clients to solve their design challenges in advanced electronic systems and products. The Firm operates through four divisions: Application Products Group, Image Sensor Group, Standard Products Group, and System Solutions Group. The Company’s power management and motor driver semiconductor components control, convert, protect and monitor the supply of power to the different elements within a range of electronic devices. The Company’s custom application specific integrated circuits (ASICs) use analog, digital signal processing (DSP), mixed-signal and advanced logic capabilities for its automotive, medical, military/aerospace, consumer and industrial customers’ products. The Company’s signal management semiconductor components provide clock management and data flow management for precision computing, communications and industrial systems. The Company’s image sensors, optical image stabilization and auto focus devices provide advanced imaging solutions for automotive, wireless, industrial and consumer applications.

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