The stock of ON Semiconductor Corp. (NASDAQ: ON) has increased by 0.51 when compared to last closing price of 70.01.Despite this, the company has seen a gain of 3.39% in its stock price over the last five trading days. Schwab Network reported 2024-04-29 that Overall chip sales are doing well globally, notes Michael Robinson. He ad Olivier Blanchard discuss semiconductor stocks to watch.
Is It Worth Investing in ON Semiconductor Corp. (NASDAQ: ON) Right Now?
ON Semiconductor Corp. (NASDAQ: ON) has a higher price-to-earnings ratio of 14.37x compared to its average ratio. ON has 36-month beta value of 1.73. Analysts have mixed views 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 428.05M, and currently, short sellers hold a 4.83% ratio of that float. The average trading volume of ON on May 06, 2024 was 7.14M shares.
ON’s Market Performance
ON stock saw an increase of 3.39% in the past week, with a monthly gain of 1.84% and a quarterly increase of -0.65%. The volatility ratio for the week is 4.34%, and the volatility levels for the last 30 days are 3.52% for ON Semiconductor Corp. (ON). The simple moving average for the last 20 days is 5.32% for ON’s stock, with a simple moving average of -13.56% 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 “Buy.” The predicted price for ON in the upcoming period, according to TD Cowen is $85 based on the research report published on April 30, 2024 of the current year 2024.
Exane BNP Paribas, on the other hand, stated in their research note that they expect to see ON reach a price target of $55. The rating they have provided for ON stocks is “Underperform” according to the report published on April 19th, 2024.
Evercore ISI gave a rating of “Outperform” to ON, setting the target price at $104 in the report published on April 16th of the current year.
ON Trading at -3.02% 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 -36.80% of loss for the given period.
Volatility was left at 3.52%, however, over the last 30 days, the volatility rate increased by 4.34%, as shares surge +1.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.20% lower at present.
During the last 5 trading sessions, ON rose by +3.39%, which changed the moving average for the period of 200-days by -30.95% in comparison to the 20-day moving average, which settled at $66.86. In addition, ON Semiconductor Corp. saw -15.75% 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 0.27. The total capital return value is set at 0.22. Equity return is now at value 29.85, with 16.89 for asset returns.
Based on ON Semiconductor Corp. (ON), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 0.62. The debt to equity ratio resting at 0.41. The interest coverage ratio of the stock is 39.07.
Currently, EBITDA for the company is 3.31 billion with net debt to EBITDA at 0.23. When we switch over and look at the enterprise to sales, we see a ratio of 3.8. The receivables turnover for the company is 9.34for trailing twelve months and the total asset turnover is 0.6. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.87.
Conclusion
To put it simply, ON Semiconductor Corp. (ON) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. 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.
