Why Today Is the Best Time to Buy ON Semiconductor Corporation [ON] Stock at $29.92

ON Semiconductor Corporation [ON] shares are up more than 38.20% this year and recently increased 0.03% or $0.82 to settle at $29.92. Analysts expect ON to grow earnings at a 6.78% annual rate over the next 5 years. ON has a short ratio of 2.66. This implies that the market is currently less bullish on the outlook for ON.

On 1, December 2020, ON Semiconductor Named to Dow Jones Sustainability Index for Third Year in a Row. According to news published on Yahoo Finance, Company continues to encourage ethical, sustainable and responsible business practices.

Analyst Birdseye View:

The most recent analyst activity for ON Semiconductor Corporation [NASDAQ:ON] stock was on August 11, 2020, when it was Reiterated with a Buy rating from Craig Hallum, which also raised its 12-month price target on the stock from $22 to $26. Before that, on November 03, 2020, B. Riley Securities Recapitulated a Buy rating and elevated its amount target to $33. On July 22, 2020, B. Riley FBR Upgrade a Buy rating and boosted its price target on this stock from $15 to $26. On June 23, 2020, Piper Sandler Upgrade an Overweight rating and increased its price target from $17 to $24. On June 16, 2020, Morgan Stanley Reiterated an Underweight rating and increased its price target to $14. On June 05, 2020, Rosenblatt Initiated a Buy rating and boosted its amount on this stock to $22. On June 04, 2020, Craig Hallum Reiterated a Buy rating and boosted its target amount on this stock from $20 to $22. On May 12, 2020 Raymond James Downgrade an Outperform rating and elevated its amount target to $18.

In the past 52 weeks of trading, this stock has oscillated between a low of $8.17 and a peak of $29.75. Right now, according to Wall Street analyst the average 12-month amount target is $27.54. At the most recent market close, shares of ON Semiconductor Corporation [NASDAQ:ON] were valued at $29.92. According to the average price forecast, investors can expect a potential return of 7.53%.

FUNDAMENTAL ANALYSIS

ON Semiconductor Corporation [NASDAQ:ON] most recently reported quarterly sales of 1.32 billion, which represented growth of -4.70%. This publicly-traded organization’s revenue is $158,560 per employee, while its income is $6,083 per employee. This company’s Gross Margin is currently 33.30%, its Operating Margin is 6.10%, its Pretax Margin is +5.01, and its Net Margin is +3.84. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 2.64, 6.54, 9.90 and 3.51 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 53.02 and the whole liability to whole assets at 44.23. It shows enduring liability to the whole principal at 42.18 and enduring liability to assets at 0.35 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 29.37 points at 1st support level, the second support level is making up to 28.81. But as of 1st resistance point, this stock is sitting at 30.26 and at 30.59 for 2nd resistance point.

ON Semiconductor Corporation [ON] reported its earnings at $0.27 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.2/share signifying the difference of 0.07 and 35.00% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.12 calling estimates for $0.02/share with the difference of 0.1 depicting the surprise of 500.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for ON Semiconductor Corporation [NASDAQ:ON] is 2.10. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.49. Now if looking for a valuation of this stock’s amount to sales ratio it’s 1.84, it’s amount to book ratio is 3.04 and showing 62.07 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Schromm William A., EVP & Chief Operating Officer, and it was the sale of 0.1 million shares on Nov 13. Rolls Paul E, the Exec VP Sales & Marketing, completed a sale of 27818.0 shares on Nov 11. On Nov 10, GUTMANN BERNARD, Exec VP & CFO, completed a sale of 99144.0 shares.