PREVIEW: ON Semiconductor shares gain; due to report results Monday
** Shares of ON Semiconductor Corp ON.O were up 1.9% in afternoon trading Fri, along with gains in other semiconductor stocks, and with ON Semiconductor due to report quarterly results early Mon
** An index of semiconductors .SOX was up 1.5% on Fri, with Nvidia's shares NVDA.O last up 0.9% after Nvidia earlier in the day dethroned Apple AAPL.O as the world's most valuable company
** ON Semiconductor is expected to report a fall in quarterly rev to $1.751 bln from $2.18 bln a yr ago, while it is expected to report earnings of 97c/shr vs $1.39 in the yr-ago period, according to LSEG
** Analyst recommendations on the stock include 17 "strong buy" or "buy" ratings, 13 "hold" ratings and two "sell" ratings, per LSEG
** The median 12-mo price target for ON Semiconductor Corp is $85.00; the stock last was at $71.42
** Including the session move, ON down 14% YTD compared with a roughly 23% gain in the Nasdaq .IXIC
Reporting by Caroline Valetkevitch
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