Are You Interested In Investing In ON Semiconductor Corporation (ON)? Check This Out First

As of Friday close, ON Semiconductor Corporation’s (NASDAQ:ON) stock was up $3.2, moving up 6.04 percent to $56.18. The average number of shares traded per day over the past five days has been 7,432,640 shares. 4 times new highs have been achieved over the past 5 days, with a $1.05 gain in that time frame. In the last twenty days, the average volume was 6,444,570, while in the previous 50 days, it was 6,396,376.


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Since last month, ON stock rose 3.56%. Shares of the company fell to $50.57 on 05/09/22, the lowest level in the past month. A 52-week high of $71.25 was reached on 01/04/22 after having rallying from a 52-week low of $34.01. Since the beginning of this year, ON’s stock price has dropped by -17.29% or -$11.74, and marked a new high 2 times. However, the stock has declined by -21.16% since its 52-week high.

ON Semiconductor Corporation (ON) last reported insider trading activity 4 days ago on May 10. HOPKIN VINCE CRAIG, the EVP & GM, ASG of the company, disposed of 6,296 shares for $52.10 on May 10. It resulted in a $328,022 divestment by the insider. HOPKIN VINCE CRAIG sold 5,000 shares at an average price of $55.70 on May 03. The insider now owns 175,369 shares following the transaction. On May 02, EVP & GM, PSG KEETON SIMON sold 82 shares at $53.50 apiece. The transaction was valued at $4,387.

Valuation Metrics

Right now, ON Semiconductor Corporation (ON) has a P/E ratio of about 17.26. The stock’s beta is 1.73. Besides these, the trailing price-to-sales (P/S) ratio of 3.40, the price-to-book (PB) ratio of 4.87, and the price-to-cash flow ratio of 16.30 may also be considered.

Financial Health

In the three months ended September 29, ON Semiconductor Corporation’s quick ratio stood at 1.80, while its current ratio was 2.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.61, and the total debt-to-equity ratio was 0.65. On the profitability front, the trailing twelve-month gross margin is 43.80% percent. In the year ended September 29, operating margins totaled 24.90%. Based on annual data, ON earned $2.71 billion in gross profit and brought in $6.74 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 14.60%. Return on equity (ROE) for the past 12 months was 33.20%.

In ON Semiconductor Corporation’s quarter-end financial report for September 29, it reported total debt of $3.04 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ON’s revenue rose 25.64% to $2.27 billion during the quarter, while net income inched up to $1.95 billion. While analysts expected ON Semiconductor Corporation to report $0.74 quarterly earnings, the actual figure was $0.87 per share, beating the consensus estimate by 17.60%. During the quarter, the company generated $791.0 million in EBITDA. The liabilities of ON Semiconductor Corporation were 5.19 billion at the end of its most recent quarter ended September 29, and its total debt was $3.27 billion. The value of shareholders’ equity is $434.51 million.

Technical Picture

This quick technical analysis looks at ON Semiconductor Corporation’s (ON) price momentum. With a historical volatility rate of 78.03%, the RSI 9-day stood at 55.23% on 13 May.

With respect to its five-day moving average, the current ON Semiconductor Corporation price is up by +1.90% percent or $1.05. At present, ON shares trade +5.48% above its 20-day simple moving average and -7.81% percent below its 100-day simple moving average. However, the stock is currently trading approximately -8.67% below its SMA50 and +45.51% above its SMA200.

Stochastic coefficient K was 36.76% and Stochastic coefficient D was 27.75%, while ATR was 3.34. Given the Stochastic reading of 67.11% for the 14-day period, the RSI (14) reading has been calculated as 52.33%. As of today, the MACD Oscillator reading stands at -0.96, while the 14-day reading stands at -0.37.

Analyst Ratings

Wells Fargo upgraded its rating on ON Semiconductor Corporation (NASDAQ: ON) to an Overweight in a note to investors on May 12, 2022. The analysts firm previously had an Equal weight rating on the stock.ON Semiconductor Corporation (ON) has been rated Overweight by analysts. According to 0 brokerage firms, ON is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate ON Semiconductor Corporation stock as buy, with 18 recommending it as overweight.

With a median target price of $73.50, the current consensus forecast for the stock is $60.00 – $80.00. Based on these forecasts, analysts predict ON Semiconductor Corporation (ON) will achieve an average price target of $72.65.

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