|Bid||51.04 x 800|
|Ask||51.06 x 900|
|Day's Range||49.36 - 51.48|
|52 Week Range||34.01 - 71.26|
|Beta (5Y Monthly)||1.71|
|PE Ratio (TTM)||33.30|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Despite potential for further downside, semiconductor stocks could rebound significantly over the next couple of years, according to Columbia Threadneedle Senior Equity Analyst Dave Egan.
A sell side firm likes ON Semiconductor ahead of their quarterly results. In this daily bar chart of ON, below, we can see several dips towards $50 since January. The On-Balance-Volume (OBV) line was steady from February but turned lower from the middle of June signaling a shift to more aggressive selling.
The technology sector is composed of businesses that sell goods and services in electronics, software, computers, artificial intelligence (AI), and other industries related to information technology (IT). The sector includes companies with the largest market capitalizations in the world, such as Apple Inc., Microsoft Corp., and Amazon.com Inc. Tech stocks, represented by the Technology Select Sector SPDR Fund (XLK), have slightly outperformed the broader market over the past year.