ON Semiconductor Corporation (:ON) In Potential Pullback Zone

by Ben Pena October 12, 2017, 0:26

According to Cypress Semiconductor Corporation (CY) most recent 13F filing, the company has 58 new institutional holders - accounting for 15.04 million shares of its common stock.

The price target set for the stock is $17.55 and this sets up an interesting set of potential movement for the stock, according to data from Finviz's Research. There are brokerage firms with lower targets than the average, including one setting a price target of $14.5.

A number of other analysts have also recently commented on the company. The stock of ON Semiconductor Corp (NASDAQ:ON) has "Equal-Weight" rating given on Tuesday, August 8 by Morgan Stanley. Credit Suisse initiated the shares of EQT in report on Monday, October 24 with "Outperform" rating.

The average 1-year price target for ON Semiconductor Corporation (ON) - averaging the work of different analysts - reveals a mean PT of $19.5/share. Pacific Crest upgraded ON Semiconductor Corp (NASDAQ:ON) on Monday, June 13 to "Overweight" rating. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, thirteen have given a buy recommendation and two have assigned a strong buy recommendation to the company. Mizuho reiterated an "outperform" rating and issued a $19.00 target price (up from $18.00) on shares of ON Semiconductor Corporation in a research report on Wednesday, August 9th. ON Semiconductor Corporation has a 52-week low of $10.74 and a 52-week high of $19.82. The firm has a market cap of $8.17 billion, a PE ratio of 28.54 and a beta of 2.01.

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Traders are feeling more bearish on Cypress Semiconductor Corporati as shown by the rise in short interest. In the past 3-month period alone, shares of CY have appreciated - or. The company had revenue of $593.80 million for the quarter, compared to the consensus estimate of $546.82 million. Moreover, Nwq Investment Mngmt Com Limited Liability Com has 0.45% invested in Cypress Semiconductor Corporation (NASDAQ:CY). FMR LLC now owns 26,212,696 shares of the semiconductor company's stock valued at $334,474,000 after buying an additional 5,301,935 shares during the last quarter. During the same quarter in the previous year, the firm posted $0.13 EPS. $2.90's average target is -3.65% below currents $3.01 stock price.

ILLEGAL ACTIVITY NOTICE: This article was first published by Week Herald and is owned by of Week Herald. On Thursday, November 3 the stock rating was downgraded by Robert W. Baird to "Neutral". Also, Director Camillo Martino purchased 10,000 shares of the business's stock in a transaction that occurred on Monday, August 21st. The stock was purchased at an average cost of $12.92 per share, with a total value of $129,200.00.

Now that you have insight into the fundamentals of Cypress Semiconductor Corporation, begin taking a look at the technical patterns of the stock chart. The stock was sold at an average price of $16.31, for a total value of $40,611.90.

Oc Kwon, Director disclosed the sale of 14,972 shares. Reinhart Partners Inc sold 47,490 shares as the company's stock declined 9.10% while stock markets rallied. FMR LLC boosted its stake in ON Semiconductor Corp by 25.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,039 shares of the semiconductor company's stock worth $156,000 after acquiring an additional 9,609 shares during the last quarter. UBS Group AG increased its stake in shares of Cypress Semiconductor by 33.9% in the 1st quarter. Advisors Capital Management LLC now owns 1,616,935 shares of the semiconductor company's stock valued at $22,071,000 after purchasing an additional 51,688 shares in the last quarter. Income Research & Management bought a new position in shares of ON Semiconductor Corp during the fourth quarter valued at $1,800,000. Krilogy Financial LLC grew its position in ON Semiconductor Corporation by 2.8% during the second quarter. Nordea Investment Management AB increased its holdings in Cypress Semiconductor Corporation by 101.7% during the 1st quarter. The Power Solutions Group offers a range of discrete, module and integrated semiconductor products. The Firm is a well-known provider of customizable smart connectivity solutions based on its low power field programmable gate array (FPGA), video application specific standard product (ASSP), 60 gigahertz millimeter wave, and IP products to the consumer, communications, industrial, computing and automotive markets across the world.

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