At the time of writing, ON Semiconductor Corp. [ON] stock is trading at $70.60, up 1.98%. An important factor to consider is whether the stock is rising or falling in short-term value. The ON shares have gain 2.17% over the last week, with a monthly amount drifted -14.52%, and not seem to be holding up well over a long-time horizon.
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On 11, April 2024, onsemi to Announce First Quarter Financial Results. In a post published today on Yahoo Finance, onsemi (Nasdaq: ON) plans to announce its financial results for the first quarter, which ended March 29, 2024, before the market opens on Monday, April 29, 2024.
From an analyst’s perspective:
ON Semiconductor Corp. [NASDAQ: ON] stock has seen the most recent analyst activity on February 06, 2024, when TD Cowen reiterated its Outperform rating and also boosted its price target to $90 from $80. Previously, ROTH MKM started tracking the stock with Buy rating on November 14, 2023, and set its price target to $75. On October 31, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $60 on the stock. Summit Insights downgraded its rating to a Hold. Craig Hallum downgraded its rating to a Hold and reduced its price target to $78 on October 30, 2023. Exane BNP Paribas downgraded its rating to Neutral for this stock on October 04, 2023, but kept the price target unchanged to $95. In a note dated July 24, 2023, Rosenblatt downgraded an Neutral rating on this stock but restated the target price of $95.
For the past year, the stock price of ON Semiconductor Corp. fluctuated between $61.47 and $111.35. Currently, Wall Street analysts expect the stock to reach $86.69 within the next 12 months. ON Semiconductor Corp. [NASDAQ: ON] shares were valued at $70.60 at the most recent close of the market. An investor can expect a potential return of 22.79% based on the average ON price forecast.
Analyzing the ON fundamentals
According to ON Semiconductor Corp. [NASDAQ:ON], the company’s sales were 8.25B for trailing twelve months, which represents an -4.06% plunge. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.31%, Pretax Profit Margin comes in at 0.31%, and Net Profit Margin reading is 0.26%. To continue investigating profitability, this company’s Return on Assets is posted at 0.17, Equity is 0.3 and Total Capital is 0.23. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.43.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 69.52 points at the first support level, and at 68.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 71.23, and for the 2nd resistance point, it is at 71.85.
ON Semiconductor Corp. [ON] reported earnings per share of $1.25 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.21/share, meaning a difference of $0.04 and a surprise factor of 3.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.39 per share as compared to estimates of $1.34 per share, a difference of $0.05 representing a surprise of 3.70%.
Ratios To Look Out For
It is important to note that ON Semiconductor Corp. [NASDAQ:ON] has a current ratio of 2.71. On the other hand, the Quick Ratio is 1.74, and the Cash Ratio is 1.14. Considering the valuation of this stock, the price to sales ratio is 3.66, the price to book ratio is 3.87 and price to earnings (TTM) ratio is 14.44.
Transactions by insiders
Recent insider trading involved COLPITTS BERNARD RAYMOND JR, Chief Accounting Officer, that happened on Sep 12 ’23 when 1005.0 shares were sold. Chief Accounting Officer, COLPITTS BERNARD RAYMOND JR completed a deal on Sep 11 ’23 to sell 2795.0 shares. Meanwhile, Director Yan Christine Y sold 3624.0 shares on Aug 17 ’23.
