ON Semiconductor Corporation (NASDAQ:ON) saw a downside of -1.53% to $42.69 after subtracting -$0.66 on Tuesday. The 5-day average trading volume is 3,433,404 shares of the company’s common stock. It has gained $46.40 in the past week. An average of 4,902,961 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,386,908.
ON’s 1-month performance is -7.55% or -$4.21 on its low of $42.53 reached on 10/12/21. The company’s shares have touched a 52-week low of $23.86 and high of $49.78, with the stock’s rally to the 52-week high happening on 09/23/21. YTD, ON has achieved 32.45% or $9.95. However, the current price is down -14.25%% from the 52-week high price.
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On Sep 08, 34 days have gone by since the last insider trading activity for ON Semiconductor Corporation (ON). CAVE GEORGE H (EVP, Gen Cnsl, CCO, & Sec) most recently sold 11,210 shares at $45.20 per share on Sep 08. This transaction cost the insider $506,735. EVP, Gen Cnsl, CCO, & Sec, CAVE GEORGE H, sold 10,000 shares at a price of $45.15 on Aug 10. Then, on Aug 03, EVP & GM, PSG KEETON SIMON sold 4,300 shares at a price of $43.74 per share. This transaction amounted to $188,082.
The company’s PE ratio for the last five years has touched a high of 104.10 and a low of 6.469. ON stock has a beta of 1.82. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.22 while the price-to-book (PB) in the most recent quarter is 4.90, with the price to cash flow ratio at 20.92.
ON Semiconductor Corporation’s quick ratio for the period ended June 29 was 1.30, with the current ratio over the same period at 2.20 meaning that ON stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.77, while the total debt to equity was 0.82. In terms of profitability, the gross margin trailing 12 months is 35.50%. The trailing 12-month EBITDA margin is 19.82% while for the period ending June 29; ON Semiconductor Corporation’s operating margin was 11.30%. The firm’s gross profit as reported stood at $1.72 billion against revenue of $5.25 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 27.33% to $1.67 billion, while revenue of $1.48 billion was 11.27% off the previous quarter. Analysts expected ON to announce $0.49 per share in earnings in its latest quarter, but it posted $0.63, representing a 28.60% surprise. EBITDA for the quarter stood at more than $438.0 million. ON stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 4.79 billion, with total debt at $3.25 billion. Shareholders hold equity totaling $430.53 million
Let’s look briefly at ON Semiconductor Corporation (ON) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 27.26% to suggest the stock is trending oversold, with historical volatility in this time period at 22.50%.
The stock’s 5-day moving average is $44.12, reflecting a -6.49% or -$2.96 change from its current price. ON is currently trading -10.80% above its 20-day SMA, +10.77% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -2.20% and +33.42% respectively.
Stochastic %K and %D was 1.51% and 5.98% and the average true range (ATR) pointed at 1.38. The RSI (14) points at 35.19%, while the 14-day stochastic is at 2.07% with the period’s ATR at 1.38. The stock’s 9-day MACD Oscillator is pointing at -1.22 and -2.48 on the 14-day charts.
In the most recent analyst report for ON Semiconductor Corporation (NASDAQ: ON), BofA Securities reiterated its a Buy rating for the company but lifted their price target by $55 to $60. Analysts offering their rating for ON stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate ON as a “sell,”, while 6 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 3 rates the stock as overweight while 17 have offered a “buy” rating.
What is ON’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $42.00 and a high of $63.00, with their median price target at $54.00. Looking at these predictions, the average price target given by analysts is for ON Semiconductor Corporation (ON) stock is $53.84.