The price of ON Semiconductor Corp. (NASDAQ: ON) closed at $70.48 in the last session, down -4.56% from day before closing price of $73.85. In other words, the price has decreased by -$3.37 from its previous closing price. On the day, 7102972 shares were traded.
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 12.12 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 68.70. 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.
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 February 06, 2024, Reiterated its Outperform rating but revised its target price to $90 from $80 previously.
On November 14, 2023, ROTH MKM started tracking the stock assigning a Buy rating and target price of $75.
Robert W. Baird Downgraded its Outperform to Neutral on October 31, 2023, whereas the target price for the stock was revised from $120 to $60.
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 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 30.12B and an Enterprise Value of 30.99B. As of this moment, ON’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.41, and their Forward P/E ratio for the next fiscal year is 13.93. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.13. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.65 while its Price-to-Book (P/B) ratio in mrq is 3.86. Its current Enterprise Value per Revenue stands at 3.76 whereas that against EBITDA is 9.63.
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 $61.47. The 50-Day Moving Average of the stock is 76.58, while the 200-Day Moving Average is calculated to be 84.39.
Shares Statistics:
According to the various share statistics, ON traded on average about 7.48M shares per day over the past 3-months and 5.7M shares per day over the past 10 days. A total of 426.39M shares are outstanding, with a floating share count of 424.27M. Insiders hold about 0.71% of the company’s shares, while institutions hold 99.62% stake in the company. Shares short for ON as of Mar 15, 2024 were 20.65M with a Short Ratio of 2.76, compared to 19.87M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.83% and a Short% of Float of 7.33%.
Earnings Estimates
The company has 27 analysts who recommend its stock at the moment. On average, analysts expect EPS of $1.05 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 $1.13 and low estimates of $0.89.
Analysts are recommending an EPS of between $4.93 and $3.94 for the fiscal current year, implying an average EPS of $4.29. EPS for the following year is $5.16, with 27 analysts recommending between $6.18 and $3.5.
Revenue Estimates
According to 26 analysts, the current quarter’s revenue is expected to be $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 -3.70% from the year-ago figure. For the next quarter, 26 analysts are estimating revenue of $1.83B, a decrease of -12.70% less than the figure of -$3.70% 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 29 analysts have provided revenue estimates for ON’s current fiscal year. The highest revenue estimate was $8.05B, while the lowest revenue estimate was $7.2B, resulting in an average revenue estimate of $7.53B. In the same quarter a year ago, actual revenue was $8.25B, down -8.80% from the average estimate. Based on 27 analysts’ estimates, the company’s revenue will be $8.33B 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 10.60% from the average revenue estimate for this year.
