ON Semiconductor Corp. [ON] stock prices are up 6.62% to $77.33 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ON shares have gain 1.26% over the last week, with a monthly amount glided 14.34%, 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 July 15, 2024, when Citigroup downgraded its rating to a Neutral and also revised its price target to $77 from $85. Previously, Morgan Stanley downgraded its rating to Underweight on July 11, 2024, and dropped its price target to $65. On May 13, 2024, Jefferies initiated with a Buy rating and assigned a price target of $100 on the stock. TD Cowen reiterated its Buy rating and decreased its price target to $85 on April 30, 2024. Exane BNP Paribas downgraded its rating to a Underperform but $55 remained the price target by the analyst firm on April 19, 2024. Evercore ISI started tracking with a Outperform rating for this stock on April 16, 2024, and assigned it a price target of $104. In a note dated February 06, 2024, TD Cowen reiterated an Outperform rating on this stock and boosted its target price from $80 to $90.
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 $87.38 within the next 12 months. ON Semiconductor Corp. [NASDAQ: ON] shares were valued at $77.33 at the most recent close of the market. An investor can expect a potential return of 13.0% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.41.
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 74.88 points at the first support level, and at 72.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 78.67, and for the 2nd resistance point, it is at 80.01.
Ratios To Look Out For
It’s worth pointing out that ON Semiconductor Corp. [NASDAQ:ON]’s Current Ratio is 2.87. In addition, the Quick Ratio stands at 1.87 and the Cash Ratio stands at 1.22. Considering the valuation of this stock, the price to sales ratio is 4.08, the price to book ratio is 4.09 and price to earnings (TTM) ratio is 15.79.
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.
