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The price of ON Semiconductor Corp. (NASDAQ: ON) closed at $72.51 in the last session, down -0.56% from day before closing price of $72.92. In other words, the price has decreased by -$0.56 from its previous closing price. On the day, 3.91 million shares were traded. ON stock price reached its highest trading level at $74.6 during the session, while it also had its lowest trading level at $72.352.
Ratios:
We take a closer look at ON’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.92 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 49.32. For the most recent quarter (mrq), Quick Ratio is recorded 1.87 and its Current Ratio is at 2.87. In the meantime, Its Debt-to-Equity ratio is 0.45 whereas as Long-Term Debt/Eq ratio is at 0.34.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Jefferies on May 13, 2024, initiated with a Buy rating and assigned the stock a target price of $100.
On April 30, 2024, TD Cowen reiterated its Buy rating and also upped its target price recommendation from $90 to $85.
Exane BNP Paribas Downgraded its Neutral to Underperform on April 19, 2024, while the target price for the stock was maintained at $55.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 11 ’24 when Thad Trent sold 38,000 shares for $72.55 per share. The transaction valued at 2,756,938 led to the insider holds 331,829 shares of the business.
MASCARENAS PAUL ANTHONY sold 911 shares of ON for $67,833 on May 16 ’24. The Director now owns 48,929 shares after completing the transaction at $74.46 per share. On Sep 12 ’23, another insider, COLPITTS BERNARD RAYMOND JR, who serves as the Chief Accounting Officer of the company, sold 1,005 shares for $96.62 each. As a result, the insider received 97,103 and left with 31,045 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ON now has a Market Capitalization of 31269261312 and an Enterprise Value of 32267753472. As of this moment, ON’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.81, and their Forward P/E ratio for the next fiscal year is 15.28. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.68. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.82 while its Price-to-Book (P/B) ratio in mrq is 3.84. Its current Enterprise Value per Revenue stands at 3.956 whereas that against EBITDA is 10.284.
Stock Price History:
Over the past 52 weeks, ON has reached a high of $111.35, while it has fallen to a 52-week low of $59.34. The 50-Day Moving Average of the stock is 2.31%, while the 200-Day Moving Average is calculated to be -4.62%.
Shares Statistics:
According to the various share statistics, ON traded on average about 6.24M shares per day over the past 3-months and 5477580 shares per day over the past 10 days. A total of 430.23M shares are outstanding, with a floating share count of 427.95M. Insiders hold about 0.53% of the company’s shares, while institutions hold 98.06% stake in the company. Shares short for ON as of 1718323200 were 23702682 with a Short Ratio of 3.80, compared to 1715731200 on 19823060. Therefore, it implies a Short% of Shares Outstanding of 23702682 and a Short% of Float of 7.380000000000001.
