ON Semiconductor Corp [ON] stock prices are up 3.98% to $73.95 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ON shares have gain 6.22% over the last week, with a monthly amount glided 4.91%, 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 November 22, 2024, when Wells Fargo initiated its Overweight rating and assigned the stock a price target of $85. Previously, Loop Capital started tracking the stock with Buy rating on November 12, 2024, and set its price target to $95. On July 30, 2024, TD Cowen reiterated its Buy rating and revised its price target to $90 on the stock. Citigroup downgraded its rating to a Neutral and decreased its price target to $77 on July 15, 2024. Morgan Stanley downgraded its rating to a Underweight and reduced its price target to $65 on July 11, 2024. Jefferies started tracking with a Buy rating for this stock on May 13, 2024, and assigned it a price target of $100. In a note dated April 30, 2024, TD Cowen reiterated an Buy rating on this stock and revised its target price from $90 to $85.
The stock price of ON Semiconductor Corp [ON] has been fluctuating between $59.34 and $86.77 over the past year. Currently, Wall Street analysts expect the stock to reach $87.52 within the next 12 months. ON Semiconductor Corp [NASDAQ: ON] shares were valued at $73.95 at the most recent close of the market. An investor can expect a potential return of 18.35% based on the average ON price forecast.
Analyzing the ON fundamentals
The ON Semiconductor Corp [NASDAQ:ON] reported sales of 7.38B for trailing twelve months, representing a drop of -19.21%. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.24%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.21 and Total Capital is 0.17. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.39.
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 71.63 points at the first support level, and at 69.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 75.40, and for the 2nd resistance point, it is at 76.84.
Ratios To Look Out For
It’s worth pointing out that ON Semiconductor Corp [NASDAQ:ON]’s Current Ratio is 3.07. Further, the Quick Ratio stands at 2.02, while the Cash Ratio is 1.16. Considering the valuation of this stock, the price to sales ratio is 4.31, the price to book ratio is 3.67 and price to earnings (TTM) ratio is 18.35.
Transactions by insiders
Recent insider trading involved El-Khoury Hassane, CEO & President, that happened on Nov 25 ’24 when 1500.0 shares were sold. CEO & President, El-Khoury Hassane completed a deal on Oct 15 ’24 to sell 1500.0 shares. Meanwhile, CEO & President El-Khoury Hassane sold 1500.0 shares on Sep 16 ’24.
