Wall Street Analyst Actions To Watch: ON Semiconductor Corporation (ON), Westport Fuel Systems Inc. (WPRT)

ON Semiconductor Corporation (NASDAQ:ON) was more active in the last trading session as around 7.89 million shares exchanged hands on Wall Street, representing an increase from its normal capacity of 5.85 million shares. A 4.45% change after the initial price of $22, sent the closing price to $22.78.

ON Semiconductor Corporation (ON) Analyst Opinion

ON Semiconductor Corporation has a consensus outperform rating from 21 Wall Street analysts, and the number of shares currently sold short amount to at least 4.34% of shares outstanding. The stock spiked 14.7% last month and is up 8.79 this year. Wall Street is only getting more bullish on the stock, with 13 of analysts who cover ON having a buy-equivalent rating. Analysts have placed a $22.86 price target on ON Semiconductor Corporation, suggesting a 0.35% gain from recent close. It’s currently trading about 2.84% above its 52-week high.

ON Semiconductor Corporation Earnings Surprise

ON Semiconductor Corporation (ON) failed to surprise the stock market in its last reported earnings when it earned $0.31 a piece versus the consensus-estimated $0.4. Its revenue totaled $1.37 billion up 2.17% from the previous quarter.

ON Semiconductor Corporation (NASDAQ:ON) Intraday View

This stock (ON) is ahead of its 52-week low with 84.16%. Its last month’s stock price volatility remained 2.64% which for the week stands at 2.54%. The share price has moved forward from its 20 days moving average, trading at a distance of 12.68% and stays 9.93% away from its 50 days moving average. Over the last five days, shares have managed 9.15% gains and now is up 33.27% since hitting its 200-day moving average of $18.02. ON Semiconductor Corporation (ON) has made its way to a 12-month gain of 79.51%.

Turning to Westport Fuel Systems Inc. (NASDAQ:WPRT), its shares were trading at $3.86 a retreat of $-0.3, on the trading floor. The stock, after opening at $4.15, touched a high of $4.25 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2. Westport Fuel Systems Inc. has 0 buy ratings, 2 holds and 0 sells even after the stock tumbled -10.85% from its high of $4.33 to a $504.17 million market value through last close.

Westport Fuel Systems Inc. (WPRT) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 2.5 to 2.5 during a month. Analysts set a 12-month price target of $4.25 a share. The target implies a 10.1% spike from where the shares are currently trading. Also, the current price highlights a discount of 74.61% to analysts’ high consensus price target.

Westport Fuel Systems Inc. (NASDAQ:WPRT) Intraday Trading

The counter witnessed a trading volume of 1.9 million shares versus an average volume of 1.34 million shares during last trading session. Its last month’s stock price volatility remained 8.88% which for the week approaches 7.81%. The lowest price the stock reached in the last trading day was $3.78 and compares with the $0.82 52-week low. The stock recovered 370.73% since its low point and has performed 2.66% year-to-date.

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