ON Semiconductor Corp. [ON] stock prices are up 0.96% to $73.38 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ON shares have gain 8.13% over the last week, with a monthly amount glided 2.60%, and 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 May 13, 2024, when Jefferies initiated its Buy rating and assigned the stock a price target of $100. Previously, TD Cowen reaffirmed its Buy rating on April 30, 2024, and dropped its price target to $85. On April 19, 2024, downgrade downgraded it’s rating to Underperform but maintained its price target of $55 on the stock. Evercore ISI started tracking the stock assigning a Outperform rating and suggested a price target of $104 on April 16, 2024. TD Cowen reiterated its recommendation of a Outperform and raised its price target to $90 on February 06, 2024. ROTH MKM started tracking with a Buy rating for this stock on November 14, 2023, and assigned it a price target of $75. In a note dated October 31, 2023, Robert W. Baird downgraded an Neutral rating on this stock and revised its target price from $120 to $60.
The stock price of ON Semiconductor Corp. [ON] has been fluctuating between $59.34 and $111.35 over the past year. Currently, Wall Street analysts expect the stock to reach $87.86 within the next 12 months. ON Semiconductor Corp. [NASDAQ: ON] shares were valued at $73.38 at the most recent close of the market. An investor can expect a potential return of 19.73% based on the average ON price forecast.
Analyzing the ON fundamentals
The ON Semiconductor Corp. [NASDAQ:ON] reported sales of 8.16B for trailing twelve months, representing a drop of -4.95%. 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 0.27%. To continue investigating profitability, this company’s Return on Assets is posted at 0.16, Equity is 0.29 and Total Capital is 0.22. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.41.
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 72.54 points at the first support level, and at 71.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 74.44, and for the 2nd resistance point, it is at 75.51.
Ratios To Look Out For
It’s worth pointing out that ON Semiconductor Corp. [NASDAQ:ON]’s Current Ratio is 2.87. On the other hand, the Quick Ratio is 1.87, and the Cash Ratio is 1.22. Considering the valuation of this stock, the price to sales ratio is 3.87, the price to book ratio is 3.88 and price to earnings (TTM) ratio is 14.98.
Transactions by insiders
Recent insider trading involved Thad Trent, Exec VP & CFO, that happened on Jun 11 ’24 when 38000.0 shares were sold. Director, MASCARENAS PAUL ANTHONY completed a deal on May 16 ’24 to sell 911.0 shares. Meanwhile, Chief Accounting Officer COLPITTS BERNARD RAYMOND JR sold 1005.0 shares on Sep 12 ’23.
