The vetr crowd downgraded their rating for ON Semiconductor Corp ON on Wednesday, from 4 stars (Buy), issued 26 days ago, to 2.5 stars (Sell). Crowd sentiment for ON was also edging cautious, with 55 percent of Vetr user ratings bearish.
Shares of ON Semiconductor have been somewhat volatile over the past two weeks. Since January 19, the stock has fluctuated between $14 to just above $13.
At the start of the year, ON received an upgrade from Goldman Sachs from Neutral to Buy and the stock has been trending upward through most of the month. On Wednesday, the stock finished at $13.70.
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Currently, the Vetr crowd's average target price for the stock is down at 12.60, which is below the average analyst target price of $14.15. Less than 2 percent of Vetr users are holding ON in their watch lists.
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