ON Semiconductor Corp (NASDAQ:ON) soared 1.87% during previous trade, a total of 6.01M shares exchanged hands compared with its average trading volume of 7.62M shares whereas its relative volume is 0.91. The stock has a market capitalization of $6.34B along with 419.61M outstanding shares. Stock’s intraday price range hit the peak level of $15.34 and touched the lowest level of $15.01.
Most recently ON Semiconductor Corp (NASDAQ:ON)’s price target was revised on 3/16/17 and according to 21 analysts stock’s price will reach at $17.76 during 52 weeks with standard deviation of 1.91. Stock’s minimum price target estimates has been figured out at $15 while the maximum price target forecast is established at $22, if we look at the price target with an optimistic approach it has upside potential of 44% from its latest closing price of $15.29.
Historically, if we look at price target revisions, two weeks ago ON Semiconductor Corp (NASDAQ:ON)’s price target was revised on 3/13/17 by the analysts, however the bullish price estimates of the stock set at $20 while the bearish estimates kept at $14 over the next one year. Stock’s 52-week target was retained at $17.42, the estimates indicates a standard deviation of 1.91.
While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 157. ABR value is precisely based on brokerage recommendations, where out of 14 brokerage recommendations 9 rate ON Semiconductor Corp (NASDAQ:ON) stock a Strong Buy, 2 rate the stocks of the company a Buy, 3 rate Hold, 0 rate Sell and 0 recommend a Strong Sell. Most recently on 1/4/17 the stock of ON Semiconductor Corp (NASDAQ:ON) upgraded by Goldman from Neutral to Buy. However previously on 9/22/16 it was upgraded by Morgan Stanley from Underweight to Equal-Weight. A research note issued on 8/24/16 the stock was upgraded by Longbow from Neutral to Buy.
ON Semiconductor Corp (NASDAQ:ON) performance over the past one year soared 54.76% whereas its year to date (YTD) performance indicated a bullish trend of 19.83%. During the last six months the stock climbed 31.70%. Quarterly performance of the company shows optimistic momentum of 17.89% while its last one month trend is negative with -1.55%. Stock’s weekly performance expressed up trend of 4.30%.
The company’s price sits 4.42% above from its 50-day moving average of $15.14 and 27.82% far from the stock’s 200-day moving average which is $12.97. ON Semiconductor Corp (NASDAQ:ON)’s shares are currently trading -4.79% away from the 52-week high price of $16.06 and +88.53% far from the 52-week low price of $8.11.
According to consensus agreement of 19 analysts ON Semiconductor Corp (NASDAQ:ON) will report earnings per share of $0.25 in their quarterly report and it is expected to announce the company’s results on 5/8/17. For the current quarter the company has high EPS estimates of $0.31 in contradiction of low EPS estimates of $0.22. However a year ago for the same quarter the company has reported $0.17 EPS. Current year EPS projections for ON Semiconductor Corp (NASDAQ:ON) set at $1.23 according to the sentiments of 20 analysts, while its lowest earnings estimates are $1.15 and highest earnings estimates are $1.36.
According to 16 analysts, ON Semiconductor Corp (NASDAQ:ON)’s revenue estimates for the current quarter are $1.24B meanwhile the company has high revenue estimates of $1.25B in contradiction of low revenue estimates of $1.24B. For the current year the company’s revenue estimates are $5.12B compared to low analyst estimates of $5.05B and high estimates of $5.18B according to the projection of 19 analysts.