Currently, there are 430.23M common shares owned by the public and among those 427.86M shares have been available to trade.
The company’s stock has a 5-day price change of 1.26% and 27.38% over the past three months. ON shares are trading -7.42% year to date (YTD), with the 12-month market performance down to -20.52% lower. It has a 12-month low price of $59.34 and touched a high of $111.35 over the same period. ON has an average intraday trading volume of 6.04 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 6.54%, 6.47%, and 3.18% respectively.
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Institutional ownership of ON Semiconductor Corp. (NASDAQ: ON) shares accounts for 97.81% of the company’s 430.23M shares outstanding.
It has a market capitalization of $33.27B and a beta (3y monthly) value of 1.69. The stock’s trailing 12-month PE ratio is 15.79, while the earnings-per-share (ttm) stands at $4.90. The company has a PEG of 1.79 and a Quick Ratio of 1.87 with the debt-to-equity ratio at 0.45. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.17% over the week and 3.27% over the month.
Earnings per share for the fiscal year are expected to decrease by -22.36%, and 18.48% over the next financial year. EPS should shrink at an annualized rate of 8.83% 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. Citigroup stated their Neutral rating for the stock in a research note on July 15, 2024, with the firm’s price target at $85-$77. Morgan Stanley coverage for the ON Semiconductor Corp. (ON) stock in a research note released on July 11, 2024 offered a Underweight rating with a price target of $65. Jefferies was of a view on May 13, 2024 that the stock is Buy, while TD Cowen gave the stock Buy rating on April 30, 2024, issuing a price target of $90- $85. Exane BNP Paribas on their part issued Underperform rating on April 19, 2024.
