Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for ON Semiconductor Corp (NASDAQ: ON) weakened recently. ON's current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
ON Semiconductor Corp (NASDAQ: ON) stock declined slightly by -0.6% on 12/15/23. The stock closed at $85.65. Moreover, exceptionally high trading volume at 214% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has risen 12.9% during the last week.
Current PriceTarget Research Rating
ON's future returns on capital are forecasted to be above the cost of capital. Accordingly, the company 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 consistent signals from PTR's two proprietary measures of a stock's attractiveness. ON Semiconductor has a slightly negative Appreciation Score of 32 and a neutral Power Rating of 51, triggering the Negative Value Trend Rating.