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The closing price of ON Semiconductor Corp. (NASDAQ: ON) was $76.37 for the day, down -0.65% from the previous closing price of $76.87. In other words, the price has decreased by -$0.65 from its previous closing price. On the day, 4.89 million shares were traded. ON stock price reached its highest trading level at $77.91 during the session, while it also had its lowest trading level at $75.53.
Ratios:
Our analysis of ON’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.56 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 51.95. 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 the company, Citigroup on Jul-16-24, Downgraded its rating to Neutral and sets its target price to $77 from $85 previously.
On July 11, 2024, Morgan Stanley Downgraded its rating to Underweight which previously was Equal-Weight and also lowered its target price recommendation from $70 to $65.
On May 13, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $100.Jefferies initiated its Buy rating on May 13, 2024, with a $100 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 32856819712 and an Enterprise Value of 34070425600. As of this moment, ON’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.59, and their Forward P/E ratio for the next fiscal year is 16.09. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.77. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.03 while its Price-to-Book (P/B) ratio in mrq is 4.04. Its current Enterprise Value per Revenue stands at 4.177 whereas that against EBITDA is 10.859.
Stock Price History:
The Beta on a monthly basis for ON is 1.70, which has changed by -0.26678747 over the last 52 weeks, in comparison to a change of 0.23279357 over the same period for the S&P500. 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 5.99%, while the 200-Day Moving Average is calculated to be 1.33%.
Shares Statistics:
ON traded an average of 6.16M shares per day over the past three months and 5229690 shares per day over the past ten days. A total of 430.23M shares are outstanding, with a floating share count of 427.86M. Insiders hold about 0.55% of the company’s shares, while institutions hold 98.01% stake in the company. Shares short for ON as of 1719532800 were 22650908 with a Short Ratio of 3.68, compared to 1717113600 on 24394478. Therefore, it implies a Short% of Shares Outstanding of 22650908 and a Short% of Float of 7.06.
