ON Semiconductor Corp. (NASDAQ: ON): Hunting Genuine Value In Market Debris

Currently, there are 426.39M common shares owned by the public and among those 424.90M shares have been available to trade.

Insiders at the company have transacted a total of 51 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 17 of these insider trades were purchases, accounting for 277,127 shares. Insider sales of the common stock occurred on 34 occasions, with total insider shares sold totaling 254,491 shares.

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However, the script later moved the day high at 83.43, up 0.15%. The company’s stock has a 5-day price change of 4.29% and 25.75% over the past three months. ON shares are trading -3.12% year to date (YTD), with the 12-month market performance down to -4.52% lower. It has a 12-month low price of $61.47 and touched a high of $111.35 over the same period. ON has an average intraday trading volume of 0.91 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 8.75%, 4.79%, and -5.24% respectively.

Institutional ownership of ON Semiconductor Corp. (NASDAQ: ON) shares accounts for 96.86% of the company’s 426.39M shares outstanding.

It has a market capitalization of $34.58B and a beta (3y monthly) value of 1.82. The stock’s trailing 12-month PE ratio is 16.55, while the earnings-per-share (ttm) stands at $4.89. The company has a PEG of 3.59 and a Quick Ratio of 1.74 with the debt-to-equity ratio at 0.47. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.44% over the week and 3.21% over the month.

Analysts forecast that ON Semiconductor Corp. (ON) will achieve an EPS of $1.05 for the current quarter, $1.01 for the next quarter and $5.17 for 2025. The lowest estimate earnings-per-share for the quarter is $0.97 while analysts give the company a high EPS estimate of $1.13. Comparatively, EPS for the current quarter was $1.19 a year ago. Earnings per share for the fiscal year are expected to decrease by -17.69%, and 19.14% over the next financial year. EPS should shrink at an annualized rate of 4.61% over the next five years, compared to 27.71% over the past 5-year period.

Looking at the support for the ON, a number of firms have released research notes about the stock. TD Cowen stated their Outperform rating for the stock in a research note on February 06, 2024, with the firm’s price target at $80-$90.

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