Currently, there are 425.65M common shares owned by the public and among those 423.07M shares have been available to trade.
The company’s stock has a 5-day price change of -12.59% and -24.03% over the past three months. ON shares are trading -14.45% year to date (YTD), with the 12-month market performance down to -29.98% lower. It has a 12-month low price of $57.96 and touched a high of $85.16 over the same period. ON has an average intraday trading volume of 6.73 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 -16.35%, -20.05%, and -23.36% respectively.
Institutional ownership of ON Semiconductor Corp (NASDAQ: ON) shares accounts for 101.10% of the company’s 425.65M shares outstanding.
It has a market capitalization of $22.97B and a beta (3y monthly) value of 1.64. The stock’s trailing 12-month PE ratio is 13.39, while the earnings-per-share (ttm) stands at $4.03. The company has a PEG of 4.46 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 5.43% over the week and 3.86% over the month.
Earnings per share for the fiscal year are expected to decrease by -22.40%, and 3.50% over the next financial year. EPS should shrink at an annualized rate of 3.00% 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. Truist stated their Hold rating for the stock in a research note on January 10, 2025, with the firm’s price target at $85-$60. Wells Fargo coverage for the ON Semiconductor Corp (ON) stock in a research note released on November 22, 2024 offered a Overweight rating with a price target of $85. Loop Capital was of a view on November 12, 2024 that the stock is Buy, while TD Cowen gave the stock Buy rating on July 30, 2024, issuing a price target of $85- $90. Citigroup on their part issued Neutral rating on July 15, 2024.
