ON Semiconductor Corp. (NASDAQ: ON) is -20.34% lower on its value in year-to-date trading and has touched a low of $59.34 and a high of $86.77 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ON stock was last observed hovering at around $67.14 in the last trading session, with the day’s loss setting it -0.6%.
Currently trading at $66.54, the stock is -5.63% and -7.32% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.61 million and changing -0.89% at the moment leaves the stock -8.57% off its SMA200. ON registered -21.56% loss for a year compared to 6-month gain of 7.88%. The firm has a 50-day simple moving average (SMA 50) of $71.873 and a 200-day simple moving average (SMA200) of $72.8236.
The stock witnessed a -4.59% loss in the last 1 month and extending the period to 3 months gives it a -5.09%, and is -4.01% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.27% over the week and 3.32% over the month.
ON Semiconductor Corp. (ON) has around 30100 employees, a market worth around $28.50B and $7.80B in sales. Current P/E ratio is 15.15 and Fwd P/E is 14.28. Profit margin for the company is 24.84%. Distance from 52-week low is 12.13% and -23.31% from its 52-week high. The company has generated returns on investments over the last 12 months (17.36%).
The EPS is expected to shrink by -22.41% this year.
ON Semiconductor Corp. (ON) Top Institutional Holders
1253.0 institutions hold shares in ON Semiconductor Corp. (ON), with institutional investors hold 101.82% of the company’s shares. The shares outstanding are 426.39M, and float is at 425.62M with Short Float at 5.60%. Institutions hold 101.48% of the Float.
The top institutional shareholder in the company is FMR LLC with over 64.1 million shares valued at $4.39 billion. The investor’s holdings represent 14.9726% of the ON Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 51.33 million shares valued at $$3.52 billion to account for 11.9892 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 42.01 million shares representing 9.8139% and valued at over $2.88 billion, while STATE STREET CORP holds 4.8781 of the shares totaling 20.88 million with a market value of $1.43 billion.
ON Semiconductor Corp. (ON) Insider Activity
The most recent transaction is an insider sale by El-Khoury Hassane, the company’s CEO & President. SEC filings show that El-Khoury Hassane sold 1,500 shares of the company’s common stock on Oct 15 ’24 at a price of $72.71 per share for a total of $0.11 million. Following the sale, the insider now owns 0.84 million shares.
ON Semiconductor Corp. disclosed in a document filed with the SEC on Sep 16 ’24 that El-Khoury Hassane (CEO & President) sold a total of 1,500 shares of the company’s common stock. The trade occurred on Sep 16 ’24 and was made at $70.80 per share for $0.11 million. Following the transaction, the insider now directly holds 0.84 million shares of the ON stock.
Still, SEC filings show that on Sep 16 ’24, EL-KHOURY LIVING TRUST U/T/A D (Director) Proposed Sale 4,500 shares at an average price of $71.72 for $0.32 million. The insider now directly holds shares of ON Semiconductor Corp. (ON).
