ON Semiconductor Corp (ON) concluded trading on Wednesday at a closing price of $68.49, with 5.57 million shares of worth about $381.67 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -8.36% during that period and on November 13, 2024 the price saw a loss of about -2.48%. Currently the company’s common shares owned by public are about 426.39M shares, out of which, 423.06M shares are available for trading.
Stock saw a price change of -5.23% in past 5 days and over the past one month there was a price change of -1.20%. Year-to-date (YTD), ON shares are showing a performance of -18.01% which increased to 2.76% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $59.34 but also hit the highest price of $86.77 during that period. The average intraday trading volume for ON Semiconductor Corp shares is 6.11 million. The stock is currently trading -2.57% below its 20-day simple moving average (SMA20), while that difference is down -2.92% for SMA50 and it goes to -5.54% lower than SMA200.
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ON Semiconductor Corp (NASDAQ: ON) currently have 426.39M outstanding shares and institutions hold larger chunk of about 100.86% of that.
The stock has a current market capitalization of $29.16B and its 3Y-monthly beta is at 1.63. PE ratio of stock for trailing 12 months is 17.00, while it has posted earnings per share of $4.03 in the same period. Its PEG reads 1.51 and has Quick Ratio of 2.02 while making debt-to-equity ratio of 0.42. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ON, volatility over the week remained 2.83% while standing at 3.96% over the month.
Stock’s fiscal year EPS is expected to drop by -22.36% while it is estimated to increase by 7.55% in next year. EPS is likely to shrink at an annualized rate of 11.25% for next 5-years, compared to annual growth of 27.71% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Loop Capital on November 12, 2024 offering a Buy rating for the stock and assigned a target price of $95 to it. Coverage by TD Cowen stated ON Semiconductor Corp (ON) stock as a Buy in their note to investors on July 30, 2024, suggesting a price target of $90 for the stock. On July 15, 2024, Citigroup Downgrade their recommendations, while on July 11, 2024, Morgan Stanley Downgrade their ratings for the stock with a price target of $65. Stock get a Buy rating from Jefferies on May 13, 2024.
