ON Semiconductor Corp (ON): Not A Time To Panic Nor Freeze

ON Semiconductor Corp (ON) concluded trading on Tuesday at a closing price of $67.90, with 3.04 million shares of worth about $206.73 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -0.53% during that period and on December 24, 2024 the price saw a gain of about 1.91%. Currently the company’s common shares owned by public are about 425.65M shares, out of which, 423.11M shares are available for trading.

Stock saw a price change of 0.10% in past 5 days and over the past one month there was a price change of -2.60%. Year-to-date (YTD), ON shares are showing a performance of -18.82% which decreased to -19.28% 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 $86.10 during that period. The average intraday trading volume for ON Semiconductor Corp shares is 6.36 million. The stock is currently trading 0.36% above its 20-day simple moving average (SMA20), while that difference is down -1.31% for SMA50 and it goes to -4.46% lower than SMA200.

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ON Semiconductor Corp (NASDAQ: ON) currently have 425.65M outstanding shares and institutions hold larger chunk of about 100.97% of that.

The stock has a current market capitalization of $29.46B and its 3Y-monthly beta is at 1.63. PE ratio of stock for trailing 12 months is 16.85, while it has posted earnings per share of $4.03 in the same period. Its PEG reads 2.52 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 3.96% while standing at 3.90% over the month.

Stock’s fiscal year EPS is expected to drop by -22.42% while it is estimated to increase by 6.89% in next year. EPS is likely to shrink at an annualized rate of 6.69% 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 Wells Fargo on November 22, 2024 offering an Overweight rating for the stock and assigned a target price of $85 to it. Coverage by Loop Capital stated ON Semiconductor Corp (ON) stock as a Buy in their note to investors on November 12, 2024, suggesting a price target of $95 for the stock. On July 30, 2024, TD Cowen Reiterated their recommendations, while on July 15, 2024, Citigroup Downgrade their ratings for the stock with a price target of $77. Stock get an Underweight rating from Morgan Stanley on July 11, 2024.

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