Currently, there are 426.39M common shares owned by the public and among those 425.62M shares have been available to trade.
The company’s stock has a 5-day price change of -0.73% and -7.91% over the past three months. ON shares are trading -15.56% year to date (YTD), with the 12-month market performance down to -22.43% lower. It has a 12-month low price of $59.34 and touched a high of $95.59 over the same period. ON has an average intraday trading volume of 6.62 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 -0.89%, -2.19%, and -3.91% respectively.
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Institutional ownership of ON Semiconductor Corp. (NASDAQ: ON) shares accounts for 98.72% of the company’s 426.39M shares outstanding.
It has a market capitalization of $30.21B and a beta (3y monthly) value of 1.65. The stock’s trailing 12-month PE ratio is 16.06, while the earnings-per-share (ttm) stands at $4.39. The company has a PEG of 1.28 and a Quick Ratio of 1.95 with the debt-to-equity ratio at 0.44. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.50% over the week and 3.24% over the month.
Earnings per share for the fiscal year are expected to decrease by -22.26%, and 17.54% over the next financial year. EPS should shrink at an annualized rate of 12.50% 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 Buy rating for the stock in a research note on July 30, 2024, with the firm’s price target at $85-$90. Citigroup coverage for the ON Semiconductor Corp. (ON) stock in a research note released on July 15, 2024 offered a Neutral rating with a price target of $77. Morgan Stanley was of a view on July 11, 2024 that the stock is Underweight, while Jefferies gave the stock Buy rating on May 13, 2024, issuing a price target of $95- $100. TD Cowen on their part issued Buy rating on April 30, 2024.
