The ON Semiconductor Corporation (NASDAQ:ON) is going down by -3.68% in today’s trading session, a fall equivalent to -0.65% of the stock’s price from yesterday’s market close. A news came out on 08/06/19 stating that ON Semiconductor Sponsors IEEE Empower a Billion Lives Competition by WSJ. The lowest point that the shares touched during the trading session was $16.65, while the peak of the day was recorded at a share price of $18.00. ON finished the previous session at $17.79 according to the data provided by Barchart, while the trading volume was observed to be $1,891,867.
In the 100 days of trading, ON managed to top a 20.40% Moving average. Additionally, ON Semiconductor Corporation shares have achieved a 52-week range between 14.55 and 23.54 alongside 100 days raw stochastic set at 5.88%.
The number of shares outstanding, according to the fundamentals of the company, is set at 430.91M, equal to the value of $7.67B in market capitalization. Financial analysts indicate that ON shares should be still ranked as a “Outperform”. In the last 30 days, ON Semiconductor Corporation shares went down by -23.71%, adding 22.35 to growth in value, on top of a +2.43% boost since 07/12/19.
ON Semiconductor Corporation (NASDAQ:ON) Analyst’s Estimates
ON Semiconductor Corporation (ON) could record at least $0.37 per share in quarterly earnings in the upcoming report on 11/04/2019, a number that would actually represent an increase of 9.46% YOY.
According to the average analyst rating, ON Semiconductor Corporation would be rated as 2.24. Out of 21 different analysts monitoring ON stock, 6 analysts rate the stock as a BUY, 7 suggest to give the rating of HOLD, 6 indicate that ON is an OUTPERFORM, 0 rated the stock as a SELL, and 2 analyst believes that the stock should be rated as UNDERPERFORM.
On Aug-06-19, the stock earned a Reiterated rating due to a new analyst call from Cowen, while analysts from Loop Capital believe that the stock is set at Buy, as concluded on Jun-18-19. Jefferies, is still rather wary about the stock, deciding to keep the rating at Buy as confirmed through a call on Apr-30-19.
Goldman, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Mar-27-19, giving the stock a Buy from the Neutral rating.
ON Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +36.18% has been attained, while the operating margin has been recorded at +14.68%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 8.49%. Beta value of the stock is recorded at 2.18. Additionally, ON Semiconductor Corporation is recording price volatility of 3.92% for the period of the last seven days and 3.53% in the last 30 days.
ON Semiconductor Corporation (NASDAQ:ON) Technical Outlook
For the period of the last 50 days, ON Semiconductor Corporation had its Raw Stochastic average set at 7.10% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 7.10%. Stochastic %K for ON Semiconductor Corporation, with the last 20 days included, was set at 9.82%, having Stochastic %D topping 7.58%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for ON Semiconductor Corporation stocks with recording -16.64% in metrics.
ON Semiconductor Corporation Insider Watch:
As far as the position of shares issued by ON Semiconductor Corporation (NASDAQ:ON) for the period concluded at the market close of 08/13/19, 234 institutional investors increased their positions in ON shares by 49,005,287, 219 decreased positions by 35,465,252 and 54 institutional investors decided to hold positions at 322,687,267. These numbers put the complete list of institutional holdings set at 407,157,806 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 46 institutional investments with 10,370,211 new shares in addition to having 59 institutional investors selling their positions in 5,914,398 shares.