The stock of ON Semiconductor Corp. (NASDAQ: ON) has increased by 0.92 when compared to last closing price of 68.55. Despite this, the company has experienced a 2.05% gain in its stock price over the last five trading sessions. zacks.com reported 2024-06-27 that In the most recent trading session, ON Semiconductor Corp. (ON) closed at $67.86, indicating a -0.45% shift from the previous trading day.
Is It Worth Investing in ON Semiconductor Corp. (NASDAQ: ON) Right Now?
The price-to-earnings ratio for ON Semiconductor Corp. (NASDAQ: ON) is above average at 14.13x, Company’s 36-month beta value is 1.69.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.”
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The public float for ON is 427.95M, and currently, short sellers hold a 5.54% ratio of that floaft. The average trading volume of ON on July 02, 2024 was 6.26M shares.
ON’s Market Performance
The stock of ON Semiconductor Corp. (ON) has seen a 2.05% increase in the past week, with a -4.06% drop in the past month, and a -6.32% fall in the past quarter. The volatility ratio for the week is 2.27%, and the volatility levels for the past 30 days are at 2.95% for ON. The simple moving average for the last 20 days is -2.94% for ON stock, with a simple moving average of -9.31% for the last 200 days.
Analysts’ Opinion of ON
Many brokerage firms have already submitted their reports for ON stocks, with Jefferies repeating the rating for ON by listing it as a “Buy.” The predicted price for ON in the upcoming period, according to Jefferies is $100 based on the research report published on May 13, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see ON reach a price target of $85, previously predicting the price at $90. The rating they have provided for ON stocks is “Buy” according to the report published on April 30th, 2024.
Exane BNP Paribas gave a rating of “Underperform” to ON, setting the target price at $55 in the report published on April 19th of the current year.
ON Trading at -1.88% 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 -37.87% of loss for the given period.
Volatility was left at 2.95%, however, over the last 30 days, the volatility rate increased by 2.27%, as shares sank -5.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.93% upper at present.
During the last 5 trading sessions, ON rose by +2.05%, which changed the moving average for the period of 200-days by -28.56% in comparison to the 20-day moving average, which settled at $71.09. In addition, ON Semiconductor Corp. saw -17.18% 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 Thad Trent, who sale 38,000 shares at the price of $72.55 back on Jun 11 ’24. After this action, Thad Trent now owns 331,829 shares of ON Semiconductor Corp., valued at $2,756,938 using the latest closing price.
MASCARENAS PAUL ANTHONY, the Director of ON Semiconductor Corp., sale 911 shares at $74.46 during a trade that took place back on May 16 ’24, which means that MASCARENAS PAUL ANTHONY is holding 48,929 shares at $67,833 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 3.74. 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
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.
