ON Semiconductor Corporation (NASDAQ:ON) finished Thursday with a subtraction of -$3.38 to close at $64.96, a downside of -4.95 percent. An average of 6,786,360 shares of common stock have been traded in the last five days. There was a fall of -$3.19 in the past week, and it reached a new high 22 times over the past 12 months. The last 20 days have seen an average of 7,370,040 shares traded, while the 50-day average volume stands at 7,719,184.
ON stock has decreased by -8.83% in the last month. The company shares reached their 1-month lowest point of $64.17 on 09/22/22. With the stock rallying to its 52-week high on 08/25/22, shares of the company touched a low of $41.88 and a high of $76.78 in 52 weeks. It has reached a new high 6 times so far this year and lost -4.36% or -$2.96 in price. In spite of this, the price is down -15.39% from the 52-week high.
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36 days have passed since ON Semiconductor Corporation (ON) last reported insider trading activity. KEETON SIMON, who is EVP & GM, PSG, most recently acquired $4,550 shares at $75.00 per share on Aug 18. In this transaction, the insider spent $341,250. EVP & GM, PSG, KEETON SIMON, disposed of 2,813 shares at a price of $70.00 on Aug 12. The insider now owns more than $196,910 worth of shares. Prior to that, CEO & President El-Khoury Hassane went on to Sale 20,000 shares at $56.17 each on Jul 18. An amount of $1,123,322 was transacted.
ON Semiconductor Corporation (ON) has a trailing price-to-earnings (P/E) ratio of 16.82. The stock’s beta is 1.80. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.65, the price-to-book (PB) ratio at 5.23, and the price-to-cash flow ratio at 21.07.
The quick ratio of ON Semiconductor Corporation for the three months ended March 30 was 1.90, and the current ratio was 2.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.57 and a total debt to equity ratio of 0.60 for the quarter ending March 30. Its gross profit as reported stood at $2.71 billion compared to revenue of $6.74 billion.
For the three-month period that ended March 30, ON Semiconductor Corporation had $3.05 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $455.8 million in the quarter, while revenues were grew 80.28%. The analyst consensus anticipated ON Semiconductor Corporation’s latest quarter earnings to come in at $1.05 per share, but it turned out to be $1.22, a 16.20% surprise. For the quarter, EBITDA amounted to $725.2 million. Shareholders own equity worth $433.24 million.
From a technical analysis perspective, let’s take a brief look at ON Semiconductor Corporation (ON) price momentum. RSI 9-day as of the close on 22 September was 36.77%, suggesting the stock is Neutral, with historical volatility in this time frame at 47.87%.
As of today, ON’s price is $68.18 -4.68% or -$3.19 from its 5-day moving average. ON is currently trading -9.82% lower than its 20-day SMA and +24.66% higher than its 100-day SMA. However, the stock’s current price level is +23.78% above the SMA50 and +4.91% above the SMA200.
The stochastic %K and %D were 31.57% and 44.86%, respectively, and the average true range (ATR) was 3.23. With the 14-day stochastic at 9.04% and the average true range at 3.21, the RSI (14) stands at 42.90%. The stock has reached -1.23 on the 9-day MACD Oscillator while the 14-day reading was at -1.28.
Summit Insights downgraded ON Semiconductor Corporation (NASDAQ: ON) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for ON Semiconductor Corporation (ON) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ON, while 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 18 others rate it as a “buy”.