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ON Semiconductor (NASDAQ:ON) has been downgraded from Buy to Neutral in a statement by Goldman Sachs earlier today.

Showing a price of $16.99, ON Semiconductor (NASDAQ:ON) traded -0.91% lower on the day. The last closing price is up 10.11% from the 200-day moving average, compared with the Standard & Poor's 500 Index which has increased 0.04% over the same period. ON has recorded a 50-day moving average of $16.03 and a 200-day moving average of $15.29. 2,101,773 shares of ON traded hands, down from an average trading volume of 5,940,790

Goldman Sachs has downgraded ON Semiconductor (NASDAQ:ON) from Buy to Neutral in a statement released on 09/13/2017.

On 8/8/2017, Needham released a statement for ON Semiconductor (NASDAQ:ON) bumped up the target price from $20.00 to $25.00 that suggested an upside of 0.53%.

Recent Performance Chart

ON Semiconductor (NASDAQ:ON)

ON Semiconductor has 52 week low of $10.12 and a 52 week high of $17.33 with a PE ratio of 24.79 and has a market capitalization of $0.

In addition to Goldman Sachs reporting its target price, a total of 17 firms have reported on the stock. The consensus target price is $12.00 with 0 brokers rating the stock a strong buy, 0 analysts rating the company a buy, zero analysts rating the company a hold, zero brokerages rating the company a underperform, and lastly zero equity analysts rating the company a sell.

Brief Synopsis About ON Semiconductor (NASDAQ:ON)

ON Semiconductor Corporation offers a portfolio of sensors, power management, connectivity, custom and system on chip (SoC), analog, logic, timing, and discrete devices. The Company's segments include Power Solutions Group, Analog Solutions Group and Image Sensor Group. The Power Solutions Group offers a range of discrete, module and integrated semiconductor products. The Analog Solutions Group designs and develops analog, mixed-signal and logic application specific integrated circuits (ASICs) and application specific standard products (ASSPs), and power solutions. The Image Sensor Group designs and develops complementary metal oxide semiconductor (CMOS) and charge-coupled device (CCD) image sensors, as well as proximity sensors, image signal processors, and actuator drivers for autofocus and image stabilization for various end users in the automotive, industrial, consumer, wireless, medical, and aerospace/defense markets.

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