A share price of ON Semiconductor Corp. [ON] is currently trading at $66.38, up 1.30%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ON shares have gain 5.48% over the last week, with a monthly amount drifted -8.93%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
ON Semiconductor Corp. [NASDAQ: ON] stock has seen the most recent analyst activity on April 19, 2024, when Exane BNP Paribas downgraded its rating to a Underperform but kept the price target unchanged to $55 for it. Previously, Evercore ISI started tracking the stock with Outperform rating on April 16, 2024, and set its price target to $104. On February 06, 2024, TD Cowen reiterated its Outperform rating and revised its price target to $90 on the stock. ROTH MKM started tracking the stock assigning a Buy rating and suggested a price target of $75 on November 14, 2023. Robert W. Baird downgraded its rating to a Neutral and reduced its price target to $60 on October 31, 2023. Summit Insights downgraded its rating to Hold for this stock on October 30, 2023. In a note dated October 30, 2023, Craig Hallum downgraded an Hold rating on this stock and revised its target price from $132 to $78.
ON Semiconductor Corp. experienced fluctuations in its stock price throughout the past year between $59.34 and $111.35. Currently, Wall Street analysts expect the stock to reach $86.64 within the next 12 months. ON Semiconductor Corp. [NASDAQ: ON] shares were valued at $66.38 at the most recent close of the market. An investor can expect a potential return of 30.52% based on the average ON price forecast.
Analyzing the ON fundamentals
Trailing Twelve Months sales for ON Semiconductor Corp. [NASDAQ:ON] were 8.25B which represents -4.06% decline. 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 65.46 points at the first support level, and at 64.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 67.31, and for the 2nd resistance point, it is at 68.24.
ON Semiconductor Corp. [ON] reported earnings per share of $1.25 for its fiscal quarter that ended on 12/31/2023. 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 9/30/2023 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
To put it in perspective, the Current Ratio for ON Semiconductor Corp. [NASDAQ:ON] is 2.71. As well, the Quick Ratio is 1.74, while the Cash Ratio is 1.14. Considering the valuation of this stock, the price to sales ratio is 3.44, the price to book ratio is 3.64 and price to earnings (TTM) ratio is 13.58.
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.
