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As of close of business last night, ON Semiconductor Corp.’s stock clocked out at $60.65, down -0.10% from its previous closing price of $60.71. In other words, the price has decreased by $-0.10 from its previous closing price. On the day, 7.36 million shares were traded. ON stock price reached its highest trading level at $61.275 during the session, while it also had its lowest trading level at $59.34.
Ratios:
To gain a deeper understanding of ON’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 59.12. For the most recent quarter (mrq), Quick Ratio is recorded 1.74 and its Current Ratio is at 2.71. In the meantime, Its Debt-to-Equity ratio is 0.47 whereas as Long-Term Debt/Eq ratio is at 0.36.
On April 16, 2024, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $104.
TD Cowen reiterated its Outperform rating for the stock on February 06, 2024, while the target price for the stock was revised from $80 to $90.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 12 ’23 when COLPITTS BERNARD RAYMOND JR sold 1,005 shares for $96.62 per share. The transaction valued at 97,103 led to the insider holds 31,045 shares of the business.
COLPITTS BERNARD RAYMOND JR sold 2,795 shares of ON for $277,208 on Sep 11 ’23. The Chief Accounting Officer now owns 32,050 shares after completing the transaction at $99.18 per share. On Aug 17 ’23, another insider, Yan Christine Y, who serves as the Director of the company, sold 3,624 shares for $92.16 each. As a result, the insider received 333,988 and left with 38,532 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 26070161408 and an Enterprise Value of 27076282368. As of this moment, ON’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.40, and their Forward P/E ratio for the next fiscal year is 12.15. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.69. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.14 while its Price-to-Book (P/B) ratio in mrq is 3.32. Its current Enterprise Value per Revenue stands at 3.281 whereas that against EBITDA is 8.415.
Stock Price History:
The Beta on a monthly basis for ON is 1.82, which has changed by -0.137882 over the last 52 weeks, in comparison to a change of 0.23061275 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 $60.26. The 50-Day Moving Average of the stock is -18.98%, while the 200-Day Moving Average is calculated to be -26.78%.
Shares Statistics:
It appears that ON traded 7.05M shares on average per day over the past three months and 6868870 shares per day over the past ten days. A total of 426.39M shares are outstanding, with a floating share count of 424.27M. Insiders hold about 0.72% of the company’s shares, while institutions hold 99.91% stake in the company. Shares short for ON as of 1711584000 were 22612432 with a Short Ratio of 3.21, compared to 1709164800 on 20438392. Therefore, it implies a Short% of Shares Outstanding of 22612432 and a Short% of Float of 7.049999999999999.
Earnings Estimates
The current assessment of ON Semiconductor Corp. (ON) involves the perspectives of 28 analysts closely monitoring its market dynamics.On average, analysts expect EPS of $1.04 for the current quarter, with a high estimate of $1.13 and a low estimate of $0.97, while EPS last year was $1.19. The consensus estimate for the next quarter is $1.01, with high estimates of $1.15 and low estimates of $0.89.
Analysts are recommending an EPS of between $4.93 and $3.93 for the fiscal current year, implying an average EPS of $4.29. EPS for the following year is $5.14, with 29 analysts recommending between $6.18 and $3.5.
Revenue Estimates
In the current quarter, 27 analysts expect revenue to total $1.85B. It ranges from a high estimate of $1.92B to a low estimate of $1.8B. As of the current estimate, ON Semiconductor Corp.’s year-ago sales were $1.92B, an estimated decrease of -3.80% from the year-ago figure. For the next quarter, 27 analysts are estimating revenue of $1.83B, a decrease of -12.70% less than the figure of $-3.80% in the same quarter last year. There is a high estimate of $1.96B for the next quarter, whereas the lowest estimate is $1.7B.
A total of 31 analysts have provided revenue estimates for ON’s current fiscal year. The highest revenue estimate was $8.05B, while the lowest revenue estimate was $7.04B, resulting in an average revenue estimate of $7.52B. In the same quarter a year ago, actual revenue was $8.25B, down -8.90% from the average estimate. Based on 29 analysts’ estimates, the company’s revenue will be $8.3B in the next fiscal year. The high estimate is $9.58B and the low estimate is $7.08B. The average revenue growth estimate for next year is up 10.50% from the average revenue estimate for this year.
