The price-to-earnings ratio for ON Semiconductor Corp. (NASDAQ: ON) is above average at 15.84x. The 36-month beta value for ON is also noteworthy at 1.66. There are mixed opinions on the stock, with 9 analysts rating it as a “buy,” 5 rating it as “overweight,” 6 rating it as “hold,” and 1 rating it as “sell.”
The public float for ON is 425.62M, and at present, short sellers hold a 6.28% of that float. The average trading volume of ON on September 23, 2024 was 6.60M shares.
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ON) stock’s latest price update
ON Semiconductor Corp. (NASDAQ: ON)’s stock price has plunge by -5.15relation to previous closing price of 73.35. Nevertheless, the company has seen a -3.00% plunge in its stock price over the last five trading sessions. fool.com reported 2024-09-21 that The long-term growth prospects of the electric-vehicle and industrial-automation industries remain undiminished. The slowdown is likely due to temporary factors that will dissipate given a lower-interest-rate environment, better economic growth, and an inventory clearance in industrial automation.
ON’s Market Performance
ON Semiconductor Corp. (ON) has seen a -3.00% fall in stock performance for the week, with a -9.27% decline in the past month and a 1.53% surge in the past quarter. The volatility ratio for the week is 3.63%, and the volatility levels for the past 30 days are at 3.97% for ON. The simple moving average for the last 20 days is -3.64% for ON stock, with a simple moving average of -5.90% 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 $90 based on the research report published on July 30, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see ON reach a price target of $77, previously predicting the price at $85. The rating they have provided for ON stocks is “Neutral” according to the report published on July 15th, 2024.
Morgan Stanley gave a rating of “Underweight” to ON, setting the target price at $65 in the report published on July 11th of the current year.
ON Trading at -4.60% 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 -27.30% of loss for the given period.
Volatility was left at 3.97%, however, over the last 30 days, the volatility rate increased by 3.63%, as shares sank -5.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.29% lower at present.
During the last 5 trading sessions, ON fell by -3.00%, which changed the moving average for the period of 200-days by -4.83% in comparison to the 20-day moving average, which settled at $72.00. In addition, ON Semiconductor Corp. saw -16.71% 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 El-Khoury Hassane, who sale 1,500 shares at the price of $70.80 back on Sep 16 ’24. After this action, El-Khoury Hassane now owns 840,620 shares of ON Semiconductor Corp., valued at $106,200 using the latest closing price.
EL-KHOURY LIVING TRUST U/T/A D, the Director of ON Semiconductor Corp., proposed sale 4,500 shares at $71.72 during a trade that took place back on Sep 16 ’24, which means that EL-KHOURY LIVING TRUST U/T/A D is holding shares at $322,740 based on the most recent closing price.
Stock Fundamentals for ON
Current profitability levels for the company are sitting at:
- 0.29 for the present operating margin
- 0.46 for the gross margin
The net margin for ON Semiconductor Corp. stands at 0.25. The total capital return value is set at 0.2. Equity return is now at value 25.28, with 14.66 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 0.6. The debt to equity ratio resting at 0.4. The interest coverage ratio of the stock is 36.14.
Currently, EBITDA for the company is 3.31 billion with net debt to EBITDA at 0.47. When we switch over and look at the enterprise to sales, we see a ratio of 4.0. The receivables turnover for the company is 7.8for trailing twelve months and the total asset turnover is 0.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.01.
Conclusion
In summary, ON Semiconductor Corp. (ON) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
