With over 7.9 million ON Semiconductor Corp. (ON) shares trading Monday and a closing price of $79.40 on the day, the dollar volume was approximately $627.4 million. The shares have shown a negative half year performance of -12.80% and its price on 12/11/23 gained nearly 4.28%. Currently, there are 431.94M common shares owned by the public and among those 428.87M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 34 analysts who have offered their price forecasts for ON have a consensus price objective of $86.29. The analysts have set the share’s price value over the next 12 months at a high of $110.00 and a low of $60.00. The average price target is 7.98% above its recent price level and a downside to the estimated low will see the stock lose -32.33% over that period. But an upside of 27.82% will see the stock hit the forecast high price target while median target price for the stock is $89.00.
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Insiders at the company have transacted a total of 88 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 33 of these insider trades were purchases, accounting for 964,532 shares. Insider sales of the common stock occurred on 55 occasions, with total insider shares sold totaling 450,885 shares.
Shares of ON Semiconductor Corp. (NASDAQ: ON) opened at $76.68, up $0.54 from a prior closing price of $76.14. However, the script later moved the day high at 80.20, up 4.28%. The company’s stock has a 5-day price change of 8.62% and -17.97% over the past three months. ON shares are trading 27.30% year to date (YTD), with the 12-month market performance up to 10.03% higher. It has a 12-month low price of $59.61 and touched a high of $111.35 over the same period. ON has an average intraday trading volume of 6.76 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 12.05%, 2.42%, and -7.06% respectively.
Institutional ownership of ON Semiconductor Corp. (NASDAQ: ON) shares accounts for 97.78% of the company’s 431.94M shares outstanding.
It has a market capitalization of $34.20B and a beta (3y monthly) value of 1.82. The stock’s trailing 12-month PE ratio is 16.01, while the earnings-per-share (ttm) stands at $4.96. The company has a PEG of 3.46 and a Quick Ratio of 1.60 with the debt-to-equity ratio at 0.50. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.01% over the week and 2.71% over the month.
Analysts forecast that ON Semiconductor Corp. (ON) will achieve an EPS of $Honeywell International Inc. for the current quarter, $200.39 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $ON Semiconductor Corporation while analysts give the company a high EPS estimate of $One-Month SOFR Futures,Feb-2024. Comparatively, EPS for the current quarter was $BTIC on Adjusted Interest Rate a year ago. Earnings per share for the fiscal year are expected to decrease by -4.08%, and -6.91% over the next financial year. EPS should shrink at an annualized rate of 4.63% over the next five years, compared to 17.55% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 34 brokerage firm advisors rate ON Semiconductor Corp. (ON) as a “Strong Buy” at a consensus score of 1.76. Specifically, 20 Wall Street analysts polled rate the stock as a buy, while 12 of the 34 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the ON, a number of firms have released research notes about the stock. ROTH MKM stated their Buy rating for the stock in a research note on November 14, 2023, with the firm’s price target at $75.
