ON Semiconductor Corp. (NASDAQ: ON) Price Target Boosted at Jefferies Group

ON Semiconductor Corp. (NASDAQ: ON) had its price target increased by equities researchers at Jefferies Group from $10.50 to $13.00.Jefferies Group currently has a rating of Hold on the stock. A number of other analysts have issued reports on the company in recent days, and ON Semiconductor Corp. has earned a consensus one-year price target of $12.74, above the opening price of $11.74. ON Semiconductor Corp. stock has a 52-week high of $12.00.

U.S. stocks on Monday closed essentially flat, after trading firmly higher, in a volatile session ahead of the start of a pair of closely watched central-bank policy meetings.

The Dow Jones Industrial Average DJIA, -0.02% closed down 3.63 points at 18,120.17.

The blue-chip gauge had been up by as much as 131 points earlier and traded within a 162-point range.

The S&P 500 SPX, +0.00% slipped 0.04 points to close at 2,139.12, after trading within an 18-point range

Meanwhile, the Nasdaq Composite Index COMP, -0.18% declined 9.54 points, or 0.2%, to close at 5,235.03.

Earlier, the index had been up by as many as 37 points and traded with a 58-point range

Shares of ON Semiconductor Corp. (NASDAQ: ON) opened at $11.74 yesterday trading between $11.62 and $12.00, and last traded at $11.70, a spike of $0.18 from the previous closing price.

ON Semiconductor Corp. (NASDAQ: ON) currently has a market cap of 4.86B.

4,025,469 shares traded hands yesterday, 48 percent lower than normal, out of a total float 408,810,000. Investors often use upticks in trading volume to determine substantial volume aggregation or circulation by institutional investors, so trading volume is likely to increase in the next few days.

As with all potential breakouts, investors look for volume to be at least 40%-50% above normal on the breakout to indicate that fund managers and other professional investors are jumping in.

Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.

These professional investors have substantial teams of analysts that investigate thousands of stocks, so it is good confirmation to see them taking a postion in a stock you’re considering.

By spotting trends, moving averages allow investors to make those trends work in their favor and increase the number of successful trades.

With that in mind, ON Semiconductor Corp. (NASDAQ: ON) now has a 50-day MA of $10.50 and 200-day MA of $9.71. It has traded in a 52-week range between $6.97 – 12.00 and today’s last price is 0.03% lower than the 52 week high of $12.00.

Earnings growth is a critical factor to consider when investing in stocks and investors identify companies that have increased their earnings by at least 25% over a 3 year period.

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