ONSE trade ideas
On Semiconductor approaching DOTCOM highIts 20 years in the making, but ON semi looks like hitting a new high soon.
ON Semiconductor Corp. engages in the design, manufacture, and marketing of portfolio of semiconductor components. It operates through the following segments: Power Solutions Group, Analog Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions. The Analog Solutions Group segment comprises analog, mixed-signal, and advanced logic application specific integrated circuits and products, and power solutions for automotive, consumer, computing, industrial, communications, medical, aerospace, and defense markets. The Intelligent Sensing Group segment includes designs and develops CMOS and CCD image sensors, as well as proximity sensors, image signal processors, single photon detectors, including SiPM and SPAD arrays, as well as actuator drivers for autofocus and image stabilization for a broad base of end-users in the automotive, industrial, consumer, wireless, medical and aerospace/defense markets.. The company was founded on August 4, 1999 and is headquartered in Phoenix, AZ.
Very strong daySemis were impressive today, need to see where we open but this one is back on watch for a breakout over 22.00. Very strong candle on daily.
ON, getting ready to ripWatching ON for a breakout over 22.00, should be a pretty big move when it happens. Don't sleep on this one.
Option traders bet big in On Semiconductors. AVERAGE ANALYSTS PRICE TARGET $23
AVERAGE ANALYSTS RECOMMENDATION overweight
P/R RATIO 15
SHORT INTEREST 7%
COMPANY PROFILE
ON Semiconductor Corp. engages in the design, manufacture, and marketing of portfolio of semiconductor components. It operates through the following segments: Power Solutions Group, Analog Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions. The Analog Solutions Group segment comprises analog, mixed-signal, and advanced logic application specific integrated circuits and products, and power solutions for automotive, consumer, computing, industrial, communications, medical, aerospace, and defense markets. The Intelligent Sensing Group segment includes designs and develops CMOS and CCD image sensors, as well as proximity sensors, image signal processors, single photon detectors, including SiPM and SPAD arrays, as well as actuator drivers for autofocus and image stabilization for a broad base of end-users in the automotive, industrial, consumer, wireless, medical and aerospace/defense markets.. The company was founded on August 4, 1999 and is headquartered in Phoenix, AZ.
ON - Strong, but not strong enough..for nowON, looks very strong and has some good support, the resistance is pushing it down, but i believe this is temporary and it will break the resistance upward in the near future. A pull back with a long entry near blue level and then reevaluation at the next attempt to break resistance.
This isn't a high confidence % trade, it is just for projecting patterns and tracking for the future.
$ON Beat on the cards for On SEMI.On Semiconductors is a relatively low cap company, which designs and manufactures very specialized chips for many different types of industry including Medical, Automotive, Aerospace and they vast potential of the wireless 5G network. The recent overbought conditions within this sector has created a little weakness in the stock and indicators are short term negative but still on a long term upward trend. A break above $23.70 is a nice level to confirm a long entry.
ON - continued predictions before breakoutLONG TERM -I think we will move sideways before eventually breaking out and up.
SHORT TERM- we should pull back a few % and maybe bounce around sideways before going up. The play is a short based on the resistance and trend line. If we break through both we can play a long, but that is NOT my winning type of play yet.
ON Earnings Feb 4 BMOShould head to $22 if numbers look good, earnings have been increasing but it got slammed with all of the other chip stocks.
Feb $19 calls on open, will add more at the end of the day if the market tanks.
Keeping the play small, the market melt up is over. Options premium are low on this one, but there's no liquidity. I suppose you can buy the stock and hold for a while, should head back up to $27 eventually.
ON - Possible flag formation short from current level to $18.07 ON - Possible H&S - Insider selling. First target 18.07. Potential stop signal 22.63.
On - H&S formation short from current level to $18.07 and lowerON - Possible H&S - Insider selling. First target 18.07. Potential stop signal 22.63.
ON Semiconductor Corp LONGLong from $22.70
Market Cap - $10.41B
ROE - 21.88%
Projected Sales Growth - 2.38%
- On has seen a strength in demand across most end markets as shown in its bookings trend over the last four quarters. Distributor inventories increased in the last quarters and re-sales remain strong.
- Their automotive segment is a strong growth driver – share gains, unit growth, attractive product offerings, contributes to revenues.
- They are very active in M&A. the companies acquisitions of AMI semiconductor, CMOS image sensor business unit, Analog Devices power PC controller business, CMD, Catalyst, SANYO Semiconductor and Sound Design gave it a new scope of technical capabilities. Some products and higher margin products expose to new markets and greater product range. The acquisition of Fairchild’s semiconductor international makes it the leader in the power semiconductor industry helping them diversify across a huge range of markets with a main focus on smart phones, automotive and industrial end markets. ON has successfully managed to integrate big acquisitions like AMI semiconductors in the past so it shouldn’t have any problems with the integration of Fairchild. Management expects the Fairchild acquisition to be an immediate boost to non GAAP earnings and free cash flow. Annual cost savings of at least $150m are expected within 18 months.
- ON has a very well diversified business and the company looks to generate a significant percentage of revenues from each sector it is involved in. With this diversification it smooths over the impact of seasonality resulting in balanced growth throughout the year.
- Main risks would be the 12 month P/E ratio of 21.09 vs industry average of 16.63 and its significant debt burden
NeroTree Capital rates ON Semiconductor Corp as a BUY with a price target of $30 in the next 52w.
ON - Watch S.T. correction for potential Long entryL.T. bias is bullish. Currently at a support. This could be a good buying point, but price could easily break support and pullback to $19 - 18.6 area.
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ON climbing upA good stock from a strong( technology) sector. Clean trend brings price close to its all time high around $28
$ON Buy to Open 012016 13 CallPurchased just before massive Call Sweep Volume @ .45 Near the Money Calls; Broke 52 HOY on 121416, showed strength through-after FED Hike and conditions still in a less risky range (RSI, MACD, Lack of GAPUPS). Looking to Hold for possibly week-2 while catching hopefully 2-3x more new HOY. Exit Goal; Same as all Call Options @ 400% or expiry of Wednesday - Week of Call Expiry.
$ON coiled w/ IHS on daily$ON coiled w/ inverted H&S on daily.
$592K trade seen on Oct 21 10 calls today.
Looking for a move up.
