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ON Semiconductor Corp. (NASDAQ: ON) closed the day trading at $73.39 down -5.10% from the previous closing price of $77.33. In other words, the price has decreased by -$5.10 from its previous closing price. On the day, 7.54 million shares were traded. ON stock price reached its highest trading level at $75.39 during the session, while it also had its lowest trading level at $72.82.
Ratios:
For a better understanding of ON, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.07 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 49.92. 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 July 15, 2024, 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 33269815296 and an Enterprise Value of 32573218816. As of this moment, ON’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.99, and their Forward P/E ratio for the next fiscal year is 15.46. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.70. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.87 while its Price-to-Book (P/B) ratio in mrq is 3.88. Its current Enterprise Value per Revenue stands at 3.994 whereas that against EBITDA is 10.382.
Stock Price History:
The Beta on a monthly basis for ON is 1.69, which has changed by -0.26055413 over the last 52 weeks, in comparison to a change of 0.21656322 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 0.86%, while the 200-Day Moving Average is calculated to be -1.99%.
Shares Statistics:
Over the past 3-months, ON traded about 6.05M shares per day on average, while over the past 10 days, ON traded about 6478130 shares per day. 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 97.73% stake in the company. Shares short for ON as of 1719532800 were 22650908 with a Short Ratio of 3.74, compared to 1717113600 on 24394478. Therefore, it implies a Short% of Shares Outstanding of 22650908 and a Short% of Float of 7.06.
