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

Currently, there are 425.65M common shares owned by the public and among those 423.06M shares have been available to trade.

The company’s stock has a 5-day price change of 2.11% and -4.11% over the past three months. ON shares are trading -18.90% year to date (YTD), with the 12-month market performance down to -20.91% lower. It has a 12-month low price of $59.34 and touched a high of $86.10 over the same period. ON has an average intraday trading volume of 6.19 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 -0.96%, -2.26%, and -5.14% respectively.

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Institutional ownership of ON Semiconductor Corp (NASDAQ: ON) shares accounts for 100.96% of the company’s 425.65M shares outstanding.

It has a market capitalization of $28.84B and a beta (3y monthly) value of 1.62. The stock’s trailing 12-month PE ratio is 16.81, while the earnings-per-share (ttm) stands at $4.03. The company has a PEG of 2.51 and a Quick Ratio of 2.02 with the debt-to-equity ratio at 0.42. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.51% over the week and 3.70% over the month.

Earnings per share for the fiscal year are expected to decrease by -22.42%, and 6.89% over the next financial year. EPS should shrink at an annualized rate of 6.69% 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. Wells Fargo stated their Overweight rating for the stock in a research note on November 22, 2024, with the firm’s price target at $85. Loop Capital coverage for the ON Semiconductor Corp (ON) stock in a research note released on November 12, 2024 offered a Buy rating with a price target of $95. TD Cowen was of a view on July 30, 2024 that the stock is Buy, while Citigroup gave the stock Neutral rating on July 15, 2024, issuing a price target of $85- $77. Morgan Stanley on their part issued Underweight rating on July 11, 2024.

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