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The price of ON Semiconductor Corp. (NASDAQ: ON) closed at $76.68 in the last session, up 1.13% from day before closing price of $75.82. In other words, the price has increased by $1.13 from its previous closing price. On the day, 5.33 million shares were traded. ON stock price reached its highest trading level at $77.94 during the session, while it also had its lowest trading level at $75.89.
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 12.24 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 38.32. For the most recent quarter (mrq), Quick Ratio is recorded 1.95 and its Current Ratio is at 3.01. In the meantime, Its Debt-to-Equity ratio is 0.44 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, TD Cowen on July 30, 2024, Reiterated its Buy rating but revised its target price to $90 from $85 previously.
On July 15, 2024, Citigroup Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $85 to $77.
Morgan Stanley Downgraded its Equal-Weight to Underweight on July 11, 2024, whereas the target price for the stock was revised from $70 to $65.
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 Jul 31 ’24 when KEETON SIMON sold 30,939 shares for $77.94 per share. The transaction valued at 2,411,345 led to the insider holds 231,092 shares of the business.
KEETON SIMON bought 30,939 shares of ON for $2,411,345 on Jul 31 ’24. On Jun 11 ’24, another insider, Thad Trent, who serves as the Exec VP & CFO of the company, sold 38,000 shares for $72.55 each. As a result, the insider received 2,756,938 and left with 331,829 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 32846338048 and an Enterprise Value of 33828646912. As of this moment, ON’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.46, and their Forward P/E ratio for the next fiscal year is 16.19. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.18. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.21 while its Price-to-Book (P/B) ratio in mrq is 3.94. Its current Enterprise Value per Revenue stands at 4.339 whereas that against EBITDA is 11.328.
Stock Price History:
Over the past 52 weeks, ON has reached a high of $101.30, while it has fallen to a 52-week low of $59.34. The 50-Day Moving Average of the stock is 5.70%, while the 200-Day Moving Average is calculated to be 4.25%.
Shares Statistics:
According to the various share statistics, ON traded on average about 6.53M shares per day over the past 3-months and 5765610 shares per day over the past 10 days. A total of 426.39M shares are outstanding, with a floating share count of 425.67M. Insiders hold about 0.63% of the company’s shares, while institutions hold 99.07% stake in the company. Shares short for ON as of 1722384000 were 24849282 with a Short Ratio of 3.80, compared to 1719532800 on 22650908. Therefore, it implies a Short% of Shares Outstanding of 24849282 and a Short% of Float of 7.79.
