Extremely significant negative changes in ON Semiconductor Corp (NASDAQ: ON) investment behavior have recently occurred: its longer term price trend turned down, its shorter term price trend turned down, and negative upside/downside volume developed.
Marginal negative changes in ON Semiconductor Corp (NASDAQ: ON) fundamentals have recently occurred: significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, ON is expected to continue to be a major Value Builder.
ON Semiconductor has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. ON Semiconductor has a neutral Appreciation Score of 52 but a poor Power Rating of 28, triggering the Negative Value Trend Rating.
Recent Price Action
ON Semiconductor Corp (NASDAQ: ON) stock closed at $70.58 on 9/11/24 after a large increase of 3.4%. NORMAL trading volume accompanied the advance. The stock has been weak relative to the market over the last nine months and is unchanged during the last week.
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