ON Semiconductor Corp. (ON) Testing Investors’ Patience Right Now

Currently, there are 426.39M common shares owned by the public and among those 424.27M shares have been available to trade.

However, the script later moved the day high at 72.00, down -4.56%. The company’s stock has a 5-day price change of -4.16% and -15.62% over the past three months. ON shares are trading -15.62% year to date (YTD), with the 12-month market performance down to -13.87% 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 7.48 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 -8.22%, -8.05%, and -16.59% respectively.

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Institutional ownership of ON Semiconductor Corp. (NASDAQ: ON) shares accounts for 99.62% of the company’s 426.39M shares outstanding.

It has a market capitalization of $30.12B and a beta (3y monthly) value of 1.79. The stock’s trailing 12-month PE ratio is 14.41, while the earnings-per-share (ttm) stands at $4.89. The company has a PEG of 3.13 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 2.87% over the week and 3.64% 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 $5.16 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 -17.70%, 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. ROTH MKM coverage for the ON Semiconductor Corp. (ON) stock in a research note released on November 14, 2023 offered a Buy rating with a price target of $75. Craig Hallum on their part issued Hold rating on October 30, 2023.

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