ON Semiconductor Corporation (ON) and the Battle of Fundamentals vs. Technicals


ON Semiconductor Corporation (NASDAQ:ON) went down by -1.49% from its latest closing price compared to the recent 1-year high of $26.84. The company’s stock price has collected -3.56% of loss in the last five trading sessions. MarketWatch.com reported on 10/21/20 that 20 stocks to help you play a big ‘restocking’ of consumer goods, according to Jefferies

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Is It Worth Investing in ON Semiconductor Corporation (NASDAQ :ON) Right Now?

Plus, the 36-month beta value for ON is at 2.17.

ON currently public float of 406.74M and currently shorts hold a 6.17% ratio of that float. Today, the average trading volume of ON was 6.15M shares.

ON’s Market Performance

ON stocks went down by -3.56% for the week, with a monthly jump of 15.86% and a quarterly performance of 20.09%, while its annual performance rate touched 18.67%. The volatility ratio for the week stands at 2.34% while the volatility levels for the past 30 days are set at 2.76% for ON Semiconductor Corporation. The simple moving average for the period of the last 20 days is 1.38% for ON stocks with a simple moving average of 29.82% for the last 200 days.

Analysts’ Opinion of ON

Many brokerage firms have already submitted their reports for ON stocks, with Craig Hallum repeating the rating for ON by listing it as a “Buy.” The predicted price for ON in the upcoming period, according to Craig Hallum is $26 based on the research report published on August 11th of the current year 2020.

B. Riley FBR, on the other hand, stated in their research note that they expect to see ON reach a price target of $26, previously predicting the price at $15. The rating they have provided for ON stocks is “Buy” according to the report published on July 22nd, 2020.

Piper Sandler gave a rating of “Overweight” to ON, setting the target price at $24 in the report published on June 23rd of the current year.

ON Trading at 10.32% from the 50-Day Moving Average

After a stumble in the market that brought ON to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.22% of loss for the given period.

Volatility was left at 2.76%, however, over the last 30 days, the volatility rate increased by 2.34%, as shares surge +15.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.62% upper at present.

During the last 5 trading sessions, ON fell by -3.56%, which changed the moving average for the period of 200-days by -0.59% in comparison to the 20-day moving average, which settled at $25.00. In addition, ON Semiconductor Corporation saw 3.24% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at ON starting from JACKSON KEITH D, who sale 600,000 shares at the price of $25.76 back on Oct 15. After this action, JACKSON KEITH D now owns 2,168,458 shares of ON Semiconductor Corporation, valued at $15,455,580 using the latest closing price.

KEETON SIMON, the EVP & GM, Pwr Sol Grp of ON Semiconductor Corporation, sale 4,698 shares at $26.50 during a trade that took place back on Oct 09, which means that KEETON SIMON is holding 132,000 shares at $124,497 based on the most recent closing price.

Stock Fundamentals for ON

Equity return is now at value -0.60, with -0.20 for asset returns.

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