The stock price of ON Semiconductor Corp (NASDAQ: ON) has surged by 1.74 when compared to previous closing price of 66.52, but the company has seen a -8.48% decline in its stock price over the last five trading sessions. zacks.com reported 2024-12-04 that Zacks.com users have recently been watching ON Semiconductor Corp. (ON) quite a bit. Thus, it is worth knowing the facts that could determine the stock’s prospects.
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 16.80x compared to its average ratio. ON has 36-month beta value of 1.62. Analysts have mixed views on the stock, with 14 analysts rating it as a “buy,” 6 as “overweight,” 11 as “hold,” and 1 as “sell.”
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The public float for ON is 423.06M, and currently, short sellers hold a 6.65% ratio of that float. The average trading volume of ON on December 10, 2024 was 6.18M shares.
ON’s Market Performance
The stock of ON Semiconductor Corp (ON) has seen a -8.48% decrease in the past week, with a -6.07% drop in the past month, and a -0.81% fall in the past quarter. The volatility ratio for the week is 4.16%, and the volatility levels for the past 30 days are at 3.62% for ON. The simple moving average for the last 20 days is -1.44% for ON stock, with a simple moving average of -5.68% for the last 200 days.
Analysts’ Opinion of ON
Many brokerage firms have already submitted their reports for ON stocks, with Wells Fargo repeating the rating for ON by listing it as a “Overweight.” The predicted price for ON in the upcoming period, according to Wells Fargo is $85 based on the research report published on November 22, 2024 of the current year 2024.
Loop Capital, on the other hand, stated in their research note that they expect to see ON reach a price target of $95. The rating they have provided for ON stocks is “Buy” according to the report published on November 12th, 2024.
TD Cowen gave a rating of “Buy” to ON, setting the target price at $90 in the report published on July 30th of the current year.
ON Trading at -3.09% 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 -22.00% of loss for the given period.
Volatility was left at 3.62%, however, over the last 30 days, the volatility rate increased by 4.16%, as shares sank -3.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.02% lower at present.
During the last 5 trading sessions, ON fell by -8.48%, which changed the moving average for the period of 200-days by -11.17% in comparison to the 20-day moving average, which settled at $68.67. In addition, ON Semiconductor Corp saw -18.98% 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 $71.00 back on Nov 25 ’24. After this action, El-Khoury Hassane now owns 837,710 shares of ON Semiconductor Corp, valued at $106,500 using the latest closing price.
El-Khoury Hassane, the CEO & President of ON Semiconductor Corp, sale 1,500 shares at $72.71 during a trade that took place back on Oct 15 ’24, which means that El-Khoury Hassane is holding 839,210 shares at $109,065 based on the most recent closing price.
Stock Fundamentals for ON
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 0.45 for the gross margin
The net margin for ON Semiconductor Corp stands at 0.24. The total capital return value is set at 0.17. Equity return is now at value 21.85, with 12.91 for asset returns.
Based on ON Semiconductor Corp (ON), the company’s capital structure generated 0.28 points at debt to capital in total, while cash flow to debt ratio is standing at 0.58. The debt to equity ratio resting at 0.39. The interest coverage ratio of the stock is 32.58.
Currently, EBITDA for the company is 3.22 billion with net debt to EBITDA at 0.33. When we switch over and look at the enterprise to sales, we see a ratio of 4.03. The receivables turnover for the company is 6.89for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.07.
Conclusion
To put it simply, ON Semiconductor Corp (ON) has had a bad 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.
