Looking At ON Semiconductor's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
ON Semiconductor (NASDAQ:ON) has seen significant bullish options activity, with 66% of traders showing bullish sentiment. The focus is on a price range of $50.0 to $70.0. The largest trades were bullish call sweeps targeting a $70 strike price. ON Semiconductor, a leading supplier of power semiconductors and sensors, is currently trading at $70.12, slightly down by -0.51%. Analysts have set an average price target of $82, with Stifel recently lowering its rating to Hold.
April 03, 2024 | 4:31 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
ON Semiconductor has seen bullish options activity, with a focus on the $50-$70 price range. The stock is slightly down, trading at $70.12, with analysts setting an average target of $82. Stifel recently downgraded it to Hold.
The bullish options activity indicates investor optimism, potentially driving short-term interest. However, the recent downgrade by Stifel and the slight decrease in stock price suggest a cautious outlook. The average price target of $82 by analysts implies potential upside, but the downgrade introduces uncertainty, leading to a neutral short-term impact score.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100