ON Semiconductor Corp. (NASDAQ: ON) is -10.57% 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 $72.24 in the last trading session, with the day’s gains setting it 2.46%.
Currently trading at $74.70, the stock is 6.30% and 4.54% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.21 million and changing 3.41% at the moment leaves the stock 2.80% off its SMA200. ON registered -10.56% loss for a year compared to 6-month gain of 6.47%. The firm has a 50-day simple moving average (SMA 50) of $71.4526 and a 200-day simple moving average (SMA200) of $72.6666.
The stock witnessed a 2.88% loss in the last 1 month and extending the period to 3 months gives it a -4.54%, and is 12.26% up 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 6.04% over the week and 3.95% over the month.
ON Semiconductor Corp. (ON) has around 30100 employees, a market worth around $32.00B and $7.38B in sales. Current P/E ratio is 18.54 and Fwd P/E is 17.34. Profit margin for the company is 23.80%. Distance from 52-week low is 25.88% and -13.91% from its 52-week high. The company has generated returns on investments over the last 12 months (15.39%).
with sales reaching $1.76B over the same period.The EPS is expected to shrink by -22.36% this year, but quarterly earnings will post -13.70% year-over-year. Quarterly sales are estimated to shrink -12.80% in year-over-year returns.
ON Semiconductor Corp. (ON) Top Institutional Holders
1252.0 institutions hold shares in ON Semiconductor Corp. (ON), with institutional investors hold 101.96% 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 101.62% 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).
