In the past week, ON stock has gone down by -1.69%, with a monthly gain of 1.44% and a quarterly plunge of -7.91%. The volatility ratio for the week is 2.35%, and the volatility levels for the last 30 days are 3.06% for ON Semiconductor Corp. The simple moving average for the last 20 days is -1.17% for ON’s stock, with a simple moving average of -3.92% for the last 200 days.
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 16.01x. The 36-month beta value for ON is also noteworthy at 1.65. 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.”
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The public float for ON is 425.62M, and at present, short sellers hold a 5.60% of that float. The average trading volume of ON on October 14, 2024 was 6.55M shares.
ON) stock’s latest price update
The stock price of ON Semiconductor Corp. (NASDAQ: ON) has jumped by 0.03 compared to previous close of 70.31. Despite this, the company has seen a fall of -1.69% in its stock price over the last five trading days. businesswire.com reported 2024-10-10 that SCOTTSDALE, Ariz.–(BUSINESS WIRE)–onsemi (Nasdaq: ON) plans to announce its financial results for the third quarter, which ended September 27, 2024, before the market opens on Monday, October 28, 2024. The company will host a conference call at 9 a.m. Eastern Time (ET) on October 28, 2024, following the release of its financial results. Investors and interested parties can access the conference call in the following manners: Webcast: A live webcast of the conference call will be available via.
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 -2.13% 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 -26.43% of loss for the given period.
Volatility was left at 3.06%, however, over the last 30 days, the volatility rate increased by 2.35%, as shares sank -1.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.18% lower at present.
During the last 5 trading sessions, ON fell by -1.69%, which changed the moving average for the period of 200-days by -17.71% in comparison to the 20-day moving average, which settled at $71.16. In addition, ON Semiconductor Corp. saw -15.80% 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 4.04. 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.
