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As of close of business last night, ON Semiconductor Corp.’s stock clocked out at $71.26, up 0.83% from its previous closing price of $70.67. In other words, the price has increased by $0.83 from its previous closing price. On the day, 5.47 million shares were traded. ON stock price reached its highest trading level at $71.84 during the session, while it also had its lowest trading level at $70.29.
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 11.72 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 48.47. 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 this company, TD Cowen on April 30, 2024, Reiterated its Buy rating but revised its target price to $85 from $90 previously.
On April 19, 2024, Exane BNP Paribas Downgraded its rating to Underperform which previously was Neutral but kept the price unchanged to $55.
On April 16, 2024, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $104.Evercore ISI initiated its Outperform rating on April 16, 2024, with a $104 target price.
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 30658332672 and an Enterprise Value of 31656824832. As of this moment, ON’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.55, and their Forward P/E ratio for the next fiscal year is 15.04. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.65. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.76 while its Price-to-Book (P/B) ratio in mrq is 3.77. Its current Enterprise Value per Revenue stands at 3.881 whereas that against EBITDA is 10.09.
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 $59.34. The 50-Day Moving Average of the stock is -1.04%, while the 200-Day Moving Average is calculated to be -11.85%.
Shares Statistics:
It appears that ON traded 6.81M shares on average per day over the past three months and 8302900 shares per day over the past ten days. A total of 430.23M shares are outstanding, with a floating share count of 428.05M. Insiders hold about 0.51% of the company’s shares, while institutions hold 99.20% stake in the company. Shares short for ON as of 1713139200 were 20658876 with a Short Ratio of 3.03, compared to 1710460800 on 20650640. Therefore, it implies a Short% of Shares Outstanding of 20658876 and a Short% of Float of 6.4399999999999995.
