ON Semiconductor (ON) Is Today's Perilous Reversal Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified ON Semiconductor ( ON) as a "perilous reversal" (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified ON Semiconductor as such a stock due to the following factors:

  • ON has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $68.1 million.
  • ON has traded 3.2 million shares today.
  • ON is down 3% today.
  • ON was up 5.8% yesterday.

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More details on ON:

ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. It operates in four segments: Application Products Group, Image Sensor Group, Standard Products Group, and System Solutions Group. ON has a PE ratio of 27.5. Currently there are 8 analysts that rate ON Semiconductor a buy, 1 analyst rates it a sell, and 3 rate it a hold.

The average volume for ON Semiconductor has been 7.0 million shares per day over the past 30 days. ON Semiconductor has a market cap of $5.1 billion and is part of the technology sector and electronics industry. Shares are up 16.6% year-to-date as of the close of trading on Monday.

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