ON Semiconductor Corporation (NASDAQ:ON) went up by 6.85% from its latest closing price compared to the recent 1-year high of $77.28. The company’s stock price has collected 8.67% of gains in the last five trading sessions. Barron’s reported on 10/31/22 that ON Semi Falls. Earnings Top Forecasts but the Outlook Fails to Excite.
Is It Worth Investing in ON Semiconductor Corporation (NASDAQ :ON) Right Now?
ON Semiconductor Corporation (NASDAQ:ON) scored a price-to-earnings ratio above its average ratio, recording 18.37 x from its present earnings ratio. Plus, the 36-month beta value for ON is at 1.74. Opinions of the stock are interesting as 19 analysts out of 30 who provided ratings for ON Semiconductor Corporation declared the stock was a “buy,” while 3 rated the stock as “overweight,” 8 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $74.50, which is $3.19 above the current price. ON currently public float of 430.73M and currently shorts hold a 5.50% ratio of that float. Today, the average trading volume of ON was 6.39M shares.
ON’s Market Performance
ON stocks went up by 8.67% for the week, with a monthly jump of 10.57% and a quarterly performance of 15.08%, while its annual performance rate touched 27.48%. The volatility ratio for the week stands at 4.18% while the volatility levels for the past 30 days are set at 3.81% for ON Semiconductor Corporation. The simple moving average for the period of the last 20 days is 11.68% for ON stocks with a simple moving average of 13.37% for the last 200 days.
Analysts’ Opinion of ON
Credit Suisse, on the other hand, stated in their research note that they expect to see ON reach a price target of $83. The rating they have provided for ON stocks is “Neutral” according to the report published on November 16th, 2022.
ON Trading at 4.58% 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 -8.39% of loss for the given period.
Volatility was left at 3.81%, however, over the last 30 days, the volatility rate increased by 4.18%, as shares surge +8.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.53% upper at present.
During the last 5 trading sessions, ON rose by +8.67%, which changed the moving average for the period of 200-days by +27.11% in comparison to the 20-day moving average, which settled at $63.68. In addition, ON Semiconductor Corporation saw 13.52% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at ON starting from COLPITTS BERNARD RAYMOND JR, who sale 2,111 shares at the price of $68.01 back on Oct 07. After this action, COLPITTS BERNARD RAYMOND JR now owns 22,931 shares of ON Semiconductor Corporation, valued at $143,569 using the latest closing price.
KEETON SIMON, the EVP & GM, PSG of ON Semiconductor Corporation, sale 4,550 shares at $75.00 during a trade that took place back on Aug 18, which means that KEETON SIMON is holding 162,791 shares at $341,250 based on the most recent closing price.
Stock Fundamentals for ON
Current profitability levels for the company are sitting at:
- +20.38 for the present operating margin
- +38.80 for the gross margin
The net margin for ON Semiconductor Corporation stands at +14.98. Equity return is now at value 33.40, with 16.50 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.45.