Stock Mover of The Day: Sentiment Report: On Semiconductor Corp (NASDAQ:ON)

November 30, 2016 - By Marguerite Chambers   ·   0 Comments

Stock Mover of The Day: Sentiment Report: On Semiconductor Corp (NASDAQ:ON)

Sentiment for On Semiconductor Corp (NASDAQ:ON)

On Semiconductor Corp (NASDAQ:ON) institutional sentiment decreased to 0.85 in 2016 Q2. Its down -0.32, from 1.17 in 2016Q1. The ratio turned negative, as 148 funds opened new or increased holdings, while 126 trimmed and sold holdings in On Semiconductor Corp. The funds in our partner’s database now own: 385.16 million shares, down from 385.90 million shares in 2016Q1. Also, the number of funds holding On Semiconductor Corp in their top 10 holdings decreased from 6 to 2 for a decrease of 4. Sold All: 26 Reduced: 100 Increased: 109 New Position: 39.

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 $4.91 billion. The Firm operates through four divisions: Application Products Group, Image Sensor Group, Standard Products Group, and System Solutions Group. It has a 39.86 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.

About 642,866 shares traded hands. ON Semiconductor Corp (NASDAQ:ON) has risen 19.10% since April 27, 2016 and is uptrending. It has outperformed by 13.87% the S&P500.

Analysts await ON Semiconductor Corp (NASDAQ:ON) to report earnings on February, 3. They expect $0.23 earnings per share, up 21.05% or $0.04 from last year’s $0.19 per share. ON’s profit will be $94.27M for 13.02 P/E if the $0.23 EPS becomes a reality. After $0.23 actual earnings per share reported by ON Semiconductor Corp for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

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.”

ON Semiconductor Corp (NASDAQ:ON) Ratings Coverage

Ratings analysis reveals 63% of ON Semiconductor Corp.’s analysts are positive. Out of 16 Wall Street analysts rating ON Semiconductor Corp., 10 give it “Buy”, 0 “Sell” rating, while 6 recommend “Hold”. The lowest target is $9.50 while the high is $16.50. The stock’s average target of $12.89 is 7.60% above today’s ($11.98) share price. ON was included in 22 notes of analysts from August 4, 2015. The firm has “Equal-Weight” rating given on Thursday, September 22 by Morgan Stanley. The company was maintained on Wednesday, August 5 by Jefferies. The company was initiated on Tuesday, September 20 by Deutsche Bank. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, February 9. Goldman Sachs maintained it with “Neutral” rating and $13 target price in Wednesday, October 26 report. The stock of ON Semiconductor Corp (NASDAQ:ON) has “Equal-Weight” rating given on Thursday, June 2 by Stephens. The stock of ON Semiconductor Corp (NASDAQ:ON) has “Hold” rating given on Tuesday, August 9 by Jefferies. The rating was maintained by Wedbush with “Outperform” on Thursday, January 7. The rating was maintained by Needham on Monday, November 2 with “Buy”. The firm has “Neutral” rating given on Tuesday, August 4 by Wedbush.

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 Marguerite Chambers

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