Do Wall Street Analysts Like On Semiconductor Stock?

Scottsdale, Arizona-based ON Semiconductor Corporation (ON) is an equipment manufacturer of a broad range of discrete & embedded semiconductor components. Valued at a market cap of $21.4 billion, the company’s product lines include bipolar transistors, diodes, filters, FETs, rectifiers & thyristors, among others. 

This semiconductor company’s shares have massively lagged behind the broader market over the past 52 weeks. ON has declined 29% over this time frame, while the broader S&P 500 Index ($SPX) has gained 20.9%. Moreover, the stock is down 20.3% on a YTD basis, compared to SPX’s 1.9% rise during the same time frame.