The price-to-earnings ratio for ON Semiconductor Corp. (NASDAQ: ON) is above average at 14.18x, Company’s 36-month beta value is 1.80.Analysts have differing opinions on the stock, with 9 analysts rating it as a “buy,” 5 as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for ON is 424.27M, and currently, short sellers hold a 4.87% ratio of that floaft. The average trading volume of ON on April 08, 2024 was 7.40M shares.
ON) stock’s latest price update
The stock of ON Semiconductor Corp. (NASDAQ: ON) has increased by 0.32 when compared to last closing price of 69.10.Despite this, the company has seen a loss of -5.75% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-05 that ON Semiconductor Corp. (ON) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock’s prospects.
ON’s Market Performance
ON Semiconductor Corp. (ON) has experienced a -5.75% fall in stock performance for the past week, with a -10.69% drop in the past month, and a -9.03% drop in the past quarter. The volatility ratio for the week is 2.97%, and the volatility levels for the past 30 days are at 3.60% for ON. The simple moving average for the last 20 days is -8.29% for ON’s stock, with a simple moving average of -17.65% for the last 200 days.
Analysts’ Opinion of ON
Many brokerage firms have already submitted their reports for ON stocks, with TD Cowen repeating the rating for ON by listing it as a “Outperform.” The predicted price for ON in the upcoming period, according to TD Cowen is $90 based on the research report published on February 06, 2024 of the current year 2024.
ROTH MKM, on the other hand, stated in their research note that they expect to see ON reach a price target of $75. The rating they have provided for ON stocks is “Buy” according to the report published on November 14th, 2023.
Robert W. Baird gave a rating of “Neutral” to ON, setting the target price at $60 in the report published on October 31st of the previous year.
ON Trading at -9.20% 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 -37.75% of loss for the given period.
Volatility was left at 3.60%, however, over the last 30 days, the volatility rate increased by 2.97%, as shares sank -16.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.76% lower at present.
During the last 5 trading sessions, ON fell by -5.75%, which changed the moving average for the period of 200-days by -22.44% in comparison to the 20-day moving average, which settled at $74.90. In addition, ON Semiconductor Corp. saw -17.01% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ON starting from COLPITTS BERNARD RAYMOND JR, who sale 1,005 shares at the price of $96.62 back on Sep 12 ’23. After this action, COLPITTS BERNARD RAYMOND JR now owns 31,045 shares of ON Semiconductor Corp., valued at $97,103 using the latest closing price.
COLPITTS BERNARD RAYMOND JR, the Chief Accounting Officer of ON Semiconductor Corp., sale 2,795 shares at $99.18 during a trade that took place back on Sep 11 ’23, which means that COLPITTS BERNARD RAYMOND JR is holding 32,050 shares at $277,208 based on the most recent closing price.
Stock Fundamentals for ON
Current profitability levels for the company are sitting at:
- 0.31 for the present operating margin
- 0.47 for the gross margin
The net margin for ON Semiconductor Corp. stands at 0.26. The total capital return value is set at 0.23. Equity return is now at value 31.26, with 17.34 for asset returns.
Based on ON Semiconductor Corp. (ON), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.59. The debt to equity ratio resting at 0.43. The interest coverage ratio of the stock is 33.94.
Currently, EBITDA for the company is 3.31 billion with net debt to EBITDA at 0.26. When we switch over and look at the enterprise to sales, we see a ratio of 3.7. The receivables turnover for the company is 8.82for trailing twelve months and the total asset turnover is 0.62. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.71.
Conclusion
In a nutshell, ON Semiconductor Corp. (ON) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
