ON Semiconductor Corp (NASDAQ: ON) has a price-to-earnings ratio of 15.74x that is above its average ratio. Additionally, the 36-month beta value for ON is 1.63. There are mixed opinions on the stock, with 14 analysts rating it as a “buy,” 6 rating it as “overweight,” 11 rating it as “hold,” and 1 rating it as “sell.”
The public float for ON is 423.11M and currently, short sellers hold a 6.19% ratio of that float. The average trading volume of ON on December 30, 2024 was 6.34M shares.
ON) stock’s latest price update
ON Semiconductor Corp (NASDAQ: ON)’s stock price has decreased by -3.90 compared to its previous closing price of 66.01. However, the company has seen a -3.15% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-12-26 that ON is affected by subdued demand, inventory digestion, and macro uncertainty despite growth in silicon carbide and key partnerships.
ON’s Market Performance
ON Semiconductor Corp (ON) has experienced a -3.15% fall in stock performance for the past week, with a -9.83% drop in the past month, and a -12.63% drop in the past quarter. The volatility ratio for the week is 2.60%, and the volatility levels for the past 30 days are at 3.64% for ON. The simple moving average for the past 20 days is -5.14% for ON’s stock, with a -10.47% simple moving average for the past 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 -7.50% 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 -25.80% of loss for the given period.
Volatility was left at 3.64%, however, over the last 30 days, the volatility rate increased by 2.60%, as shares sank -10.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.26% lower at present.
During the last 5 trading sessions, ON fell by -3.02%, which changed the moving average for the period of 200-days by -17.69% in comparison to the 20-day moving average, which settled at $66.88. In addition, ON Semiconductor Corp saw -24.05% 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 KEETON SIMON, who sale 28,000 shares at the price of $68.56 back on Dec 17 ’24. After this action, KEETON SIMON now owns 203,182 shares of ON Semiconductor Corp, valued at $1,919,789 using the latest closing price.
GOPALSWAMY SUDHIR, the Group President, AMG & ISG of ON Semiconductor Corp, sale 21,082 shares at $67.64 during a trade that took place back on Dec 17 ’24, which means that GOPALSWAMY SUDHIR is holding 94,774 shares at $1,426,041 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 3.79. 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
In conclusion, ON Semiconductor Corp (ON) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
