As of Thursday close, ON Semiconductor Corporation’s (NASDAQ:ON) stock was down -$0.39, moving down -0.39 percent to $98.46. The average number of shares traded per day over the past five days has been 4,881,740 shares. 5 times new highs have been achieved over the past 5 days, with a $8.50 gain in that time frame. In the last twenty days, the average volume was 5,064,855, while in the previous 50 days, it was 5,663,608.
Since last month, ON stock retreated -4.93%. Shares of the company fell to $88.63 on 08/18/23, the lowest level in the past month. A 52-week high of $111.35 was reached on 07/31/23 after having rallying from a 52-week low of $54.93. Since the beginning of this year, ON’s stock price has risen by 57.86% or $36.09, and marked a new high 29 times. However, the stock has declined by -11.58% since its 52-week high.
ON stock investors should be aware that ON Semiconductor Corporation (ON) stock had its last reported insider trading activity 15 days ago on Aug 17. Yan Christine Y, the Director of the company, disposed of 3,624 shares for $92.16 on Aug 17. It resulted in a $333,988 divestment by the insider. KEETON SIMON sold 9,923 shares at an average price of $109.74 on Jul 31. The insider now owns 175,616 shares following the transaction. On Jul 18, CEO & President El-Khoury Hassane sold 20,000 shares at $105.00 apiece. The transaction was valued at $2,100,000.
Valuation Metrics
Right now, ON Semiconductor Corporation (ON) has a P/E ratio of about 22.57. The stock’s beta is 1.78. Besides these, the trailing price-to-sales (P/S) ratio of 4.96, the price-to-book (PB) ratio of 6.09, and the price-to-cash flow ratio of 35.44 may also be considered.
Financial Health
In the three months ended June 29, ON Semiconductor Corporation’s quick ratio stood at 1.60, while its current ratio was 2.40, 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 June 29 was 0.37, and the total debt-to-equity ratio was 0.50. On the profitability front, the trailing twelve-month gross margin is 47.80% percent. In the year ended June 29, EBITDA margin amounted to 39.99%, whereas operating margins totaled 29.00%. Based on annual data, ON earned $4.08 billion in gross profit and brought in $8.33 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 20.80%. Return on equity (ROE) for the past 12 months was 30.90%.
In ON Semiconductor Corporation’s quarter-end financial report for June 29, it reported total debt of $2.54 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 0.45% to $1.96 billion during the quarter, while net income inched up to $2.09 billion. While analysts expected ON Semiconductor Corporation to report $1.21 quarterly earnings, the actual figure was $1.33 per share, beating the consensus estimate by 9.90%. During the quarter, the company generated $826.4 million in EBITDA. The liabilities of ON Semiconductor Corporation were 5.76 billion at the end of its most recent quarter ended June 29, and its total debt was $3.75 billion. The value of shareholders’ equity is $431.53 million.
Technical Picture
This quick technical analysis looks at ON Semiconductor Corporation’s (ON) price momentum. With a historical volatility rate of 31.59%, the RSI 9-day stood at 59.55% on 31 August.
With respect to its five-day moving average, the current ON Semiconductor Corporation price is up by +9.45% percent or $8.50. At present, ON shares trade -4.13% below its 20-day simple moving average and +26.72% percent above its 100-day simple moving average. However, the stock is currently trading approximately +11.80% above its SMA50 and +31.19% above its SMA200.
Stochastic coefficient K was 83.52% and Stochastic coefficient D was 65.90%, while ATR was 3.18. Given the Stochastic reading of 84.31% for the 14-day period, the RSI (14) reading has been calculated as 54.98%. As of today, the MACD Oscillator reading stands at 3.96, while the 14-day reading stands at 4.50.
Analyst Ratings
ON Semiconductor Corporation downgraded its rating on ON Semiconductor Corporation (NASDAQ: ON) to a Neutral in a note to investors on July 24, 2023. The analysts firm previously had a Buy rating on the stock.ON Semiconductor Corporation (ON) has been rated Overweight by analysts. According to 0 brokerage firms, ON is a sell, and 10 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate ON Semiconductor Corporation stock as buy, with 18 recommending it as overweight.
With a median target price of $122.00, the current consensus forecast for the stock is $100.00 – $135.00. Based on these forecasts, analysts predict ON Semiconductor Corporation (ON) will achieve an average price target of $121.15.
