Short Interest Reporting: What’s Propelling ON Semiconductor Corporation (NASDAQ:ON) After Higher Shorts Reported?

November 24, 2016 - By Darrin Black   ·   0 Comments

Short Interest Reporting: What’s Propelling ON Semiconductor Corporation (NASDAQ:ON) After Higher Shorts Reported?

The stock of ON Semiconductor Corporation (NASDAQ:ON) registered an increase of 3.77% in short interest. ON’s total short interest was 16.75 million shares in November as published by FINRA. Its up 3.77% from 16.14M shares, reported previously. With 3.29 million shares average volume, it will take short sellers 5 days to cover their ON’s short positions. The short interest to ON Semiconductor Corporation’s float is 4.1%. The stock increased 4.71% or $0.56 on November 23, hitting $12.44. About 11.63M shares traded hands or 139.30% up from the average. ON Semiconductor Corp (NASDAQ:ON) has risen 26.55% since April 22, 2016 and is uptrending. It has outperformed by 21.14% the S&P500.

ON Semiconductor Corporation offers a portfolio of analog, digital and mixed signal integrated circuits , standard products, image sensors and custom devices for clients to solve their design challenges in advanced electronic systems and products. The company has a market cap of $5.37 billion. The Firm operates through four divisions: Application Products Group, Image Sensor Group, Standard Products Group, and System Solutions Group. It has a 41.4 P/E ratio. 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.

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 “Buy” rating given by Deutsche Bank on Tuesday, September 20. As per Friday, October 30, the company rating was upgraded by Wedbush. The stock of ON Semiconductor Corp (NASDAQ:ON) earned “Overweight” rating by Pacific Crest on Monday, June 13. The company was upgraded on Thursday, November 19 by Citigroup. The firm earned “Outperform” rating on Thursday, January 7 by Wedbush. The firm has “Buy” rating by Needham given on Monday, November 2. The rating was downgraded by Drexel Hamilton on Friday, August 14 to “Hold”. Morgan Stanley upgraded the shares of ON in a report on Thursday, September 22 to “Equal-Weight” rating. The stock has “Neutral” rating given by Wedbush on Tuesday, August 4. Jefferies maintained ON Semiconductor Corp (NASDAQ:ON) on Wednesday, August 5 with “Hold” rating.

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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By Darrin Black


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