At the time of writing, ON Semiconductor Corp. [ON] stock is trading at $77.72, up 2.48%. An important factor to consider is whether the stock is rising or falling in short-term value. The ON shares have gain 10.44% over the last week, with a monthly amount glided 7.16%, 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 30, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $90 from $85. Previously, Citigroup downgraded its rating to Neutral on July 15, 2024, and dropped its price target to $77. On July 11, 2024, downgrade downgraded it’s rating to Underweight and revised its price target to $65 on the stock. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $100 on May 13, 2024. TD Cowen reiterated its recommendation of a Buy and reduced its price target to $85 on April 30, 2024. Exane BNP Paribas downgraded its rating to Underperform for this stock on April 19, 2024, but kept the price target unchanged to $55. In a note dated April 16, 2024, Evercore ISI initiated an Outperform rating and provided a target price of $104 on this stock.
For the past year, the stock price of ON Semiconductor Corp. fluctuated between $59.34 and $101.30. Currently, Wall Street analysts expect the stock to reach $87.47 within the next 12 months. ON Semiconductor Corp. [NASDAQ: ON] shares were valued at $77.72 at the most recent close of the market. An investor can expect a potential return of 12.55% based on the average ON price forecast.
Analyzing the ON fundamentals
According to ON Semiconductor Corp. [NASDAQ:ON], the company’s sales were 7.80B for trailing twelve months, which represents an -17.15% plunge. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.29%, Pretax Profit Margin comes in at 0.29%, and Net Profit Margin reading is 0.25%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is 0.24 and Total Capital is 0.2. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.4.
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 75.90 points at the first support level, and at 74.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 78.66, and for the 2nd resistance point, it is at 79.59.
Ratios To Look Out For
It is important to note that ON Semiconductor Corp. [NASDAQ:ON] has a current ratio of 3.01. On the other hand, the Quick Ratio is 1.95, and the Cash Ratio is 1.06. Considering the valuation of this stock, the price to sales ratio is 4.27, the price to book ratio is 3.99 and price to earnings (TTM) ratio is 17.70.
Transactions by insiders
Recent insider trading involved KEETON SIMON, Group President, PSG, that happened on Jul 31 ’24 when 30939.0 shares were sold. Officer, KEETON SIMON completed a deal on Jul 31 ’24 to buy 30939.0 shares. Meanwhile, Exec VP & CFO Thad Trent sold 38000.0 shares on Jun 11 ’24.
