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B. Riley Securities Downgrades ON Semiconductor Corp (ON) to a Neutral from a Buy

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ON Semiconductor Corp’s recently made public that its Director Campbell Alan unloaded Company’s shares for reported $0.43 million on Mar 12 ’25. In the deal valued at $43.23 per share,10,000 shares were sold. As a result of this transaction, Campbell Alan now holds 85,006 shares worth roughly $3.4 million.

Then, ALAN CAMPBELL bought 10,000 shares, generating $432,256 in total proceeds.

Before that, KEETON SIMON sold 28,000 shares. ON Semiconductor Corp shares valued at $1,919,789 were divested by the Group President, PSG at a price of $68.56 per share. As a result of the transaction, KEETON SIMON now holds 203,182 shares, worth roughly $8.14 million.

B. Riley Securities downgraded its ON Semiconductor Corp [ON] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who remained covering the stock and in late January has reiterated a ‘”a Buy”‘ rating for it. Truist also remained covering ON and has decreased its forecast on January 10, 2025 with a “Hold” recommendation from previously “Buy” rating. Wells Fargo started covering the stock on November 22, 2024. It rated ON as “an Overweight”.

Price Performance Review of ON

On Monday, ON Semiconductor Corp [NASDAQ:ON] saw its stock jump 1.03% to $40.04. Over the last five days, the stock has gained 15.26%. ON Semiconductor Corp shares have fallen nearly -36.49% since the year began. Nevertheless, the stocks have fallen -38.90% over the past one year. While a 52-week high of $80.08 was reached on 01/06/25, a 52-week low of $31.04 was recorded on 04/08/25. SMA at 50 days reached $42.63, while 200 days put it at $61.35.

Levels Of Support And Resistance For ON Stock

The 24-hour chart illustrates a support level at 39.04, which if violated will result in even more drops to 38.05. On the upside, there is a resistance level at 40.68. A further resistance level may holdings at 41.33. The Relative Strength Index (RSI) on the 14-day chart is 53.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.60, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.12%. Stochastics %K at 96.45% indicates the stock is a selling.

How much short interest is there in ON Semiconductor Corp?

A steep rise in short interest was recorded in ON Semiconductor Corp stocks on 2025-04-15, dropping by -0.24 million shares to a total of 29.24 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 29.49 million shares. There was a decline of -0.83%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on November 12, 2024 when Loop Capital began covering the stock and recommended ‘”a Buy”‘ rating along with a $95 price target.

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