Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for ON Semiconductor Corp (NASDAQ: ON) improved recently. ON’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
ON Semiconductor Corp (NASDAQ: ON) stock suffered a large decline of -5.2% on 9/20/24. The stock closed at $69.57. Moreover, unusually high trading volume at 171% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and is unchanged during the last week.
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 C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. ON Semiconductor has a neutral Appreciation Score of 53 and a slightly negative Power Rating of 35, with the Low Neutral Value Trend Rating the result.
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