In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
In the latest session, ON Semiconductor Corp. (NASDAQ: ON) closed at $64.47 down -0.39% from its previous closing price of $64.72. In other words, the price has decreased by -$0.39 from its previous closing price. On the day, 6.6 million shares were traded. ON stock price reached its highest trading level at $65.87 during the session, while it also had its lowest trading level at $64.11.
Ratios:
For a deeper understanding of ON Semiconductor Corp.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.09 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 62.84. 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, Evercore ISI on April 16, 2024, initiated with a Outperform rating and assigned the stock a target price of $104.
On February 06, 2024, TD Cowen reiterated its Outperform rating and also lowered its target price recommendation from $80 to $90.
On November 14, 2023, ROTH MKM started tracking the stock assigning a Buy rating and target price of $75.ROTH MKM initiated its Buy rating on November 14, 2023, with a $75 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 27712174080 and an Enterprise Value of 28708677632. As of this moment, ON’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.18, and their Forward P/E ratio for the next fiscal year is 12.81. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.86. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.34 while its Price-to-Book (P/B) ratio in mrq is 3.53. Its current Enterprise Value per Revenue stands at 3.479 whereas that against EBITDA is 8.923.
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 -14.85%, while the 200-Day Moving Average is calculated to be -22.62%.
Shares Statistics:
For the past three months, ON has traded an average of 7.17M shares per day and 6173950 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 99.47% stake in the company. Shares short for ON as of 1711584000 were 22612432 with a Short Ratio of 3.16, 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 stock of ON Semiconductor Corp. (ON) is currently being evaluated by BTIC on E-mini S&P 500 ESG Inde analysts who are actively contributing to its market rating.The consensus estimate for the next quarter is $15.70, with high estimates of $14.35 and low estimates of $3.80.
EPS for the following year is $Future, with Future analysts recommending between $Future and $Future.
