OnChip Technologies (NASDAQ:ONCH) Shares Down 0.3% – Should You Sell?

OnChip Technologies, Inc. (NASDAQ:ONCH) traded down 0.3% during mid-day trading on Thursday . The stock traded as low as $10.18 and last traded at $10.19. 44,036 shares traded hands during trading, a decline of 35% from the average session volume of 67,656 shares. The stock had previously closed at $10.22.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of OnChip Technologies in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

OnChip Technologies Trading Down 0.3%

The company’s fifty day simple moving average is $10.23.

OnChip Technologies, Inc (NASDAQ:ONCH) is a fabless semiconductor company specializing in edge-based voice and audio processing solutions. The company develops digital signal processing (DSP) intellectual property cores and accompanying software frameworks designed to enable low-power, always-listening voice interfaces and advanced audio features. By integrating custom DSP hardware blocks with optimized software, OnChip enables functionalities such as keyword spotting, noise reduction, echo cancellation and far-field voice capture in compact system-on-chip (SoC) designs.

OnChip’s product portfolio consists of licensable DSP IP blocks, software development kits (SDKs) and turnkey reference designs that original equipment manufacturers (OEMs) and semiconductor partners can embed directly into consumer electronics, automotive infotainment systems, smart home devices and industrial automation platforms.