Market Analysts see ON Semiconductor Corporation [ON] gaining to $48. Time to buy?

ON Semiconductor Corporation [NASDAQ: ON] loss -4.88% on the last trading session, reaching $39.00 price per share at the time. The company report on April 16, 2021 that ON Semiconductor to Announce First Quarter 2021 Financial Results.

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Company provides conference call details.


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ON Semiconductor Corporation (Nasdaq: ON) plans to announce its financial results for the first quarter, which ended April 2, 2021, before the market opens on Monday, May 3, 2021.

ON Semiconductor Corporation represents 411.30 million in outstanding shares, while the company has a total market value of $17.14 billion with the latest information. ON stock price has been found in the range of $38.75 to $40.54.

If compared to the average trading volume of 6.76M shares, ON reached a trading volume of 11393025 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about ON Semiconductor Corporation [ON]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ON shares is $41.36 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ON stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for ON Semiconductor Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 01, 2021. The new note on the price target was released on February 02, 2021, representing the official price target for ON Semiconductor Corporation stock. Previously, the target price had yet another raise from $38 to $45, while Needham kept a Strong Buy rating on ON stock. On February 02, 2021, analysts increased their price target for ON shares from 38 to 43.

The Average True Range (ATR) for ON Semiconductor Corporation is set at 1.60, with the Price to Sales ratio for ON stock in the period of the last 12 months amounting to 3.26. The Price to Book ratio for the last quarter was 4.53, with the Price to Cash per share for the same quarter was set at 2.46. Price to Free Cash Flow for ON in the course of the last twelve months was 34.23 with Quick ratio for the last quarter at 1.20.

Trading performance analysis for ON stock

ON Semiconductor Corporation [ON] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.34. With this latest performance, ON shares dropped by -6.27% in over the last four-week period, additionally plugging by 58.92% over the last 6 months – not to mention a rise of 143.07% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ON stock in for the last two-week period is set at 41.52, with the RSI for the last a single of trading hit 35.48, and the three-weeks RSI is set at 45.26 for ON Semiconductor Corporation [ON]. The present Moving Average for the last 50 days of trading for this stock 40.62, while it was recorded at 41.71 for the last single week of trading, and 30.85 for the last 200 days.

ON Semiconductor Corporation [ON]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and ON Semiconductor Corporation [ON] shares currently have an operating margin of +7.92 and a Gross Margin at +30.36. ON Semiconductor Corporation’s Net Margin is presently recorded at +4.46.

Return on Total Capital for ON is now 5.84, given the latest momentum, and Return on Invested Capital for the company is 3.64. Return on Equity for this stock inclined to 6.85, with Return on Assets sitting at 2.74. When it comes to the capital structure of this company, ON Semiconductor Corporation [ON] has a Total Debt to Total Equity ratio set at 102.85. Additionally, ON Total Debt to Total Capital is recorded at 50.70, with Total Debt to Total Assets ending up at 41.98. Long-Term Debt to Equity for the company is recorded at 86.91, with the Long-Term Debt to Total Capital now at 42.85.

Reflecting on the efficiency of the workforce at the company, ON Semiconductor Corporation [ON] managed to generate an average of $7,555 per employee. Receivables Turnover for the company is 7.61 with a Total Asset Turnover recorded at a value of 0.61.ON Semiconductor Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.90.

ON Semiconductor Corporation [ON]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, ON Semiconductor Corporation posted 0.1/share EPS, while the average EPS was predicted by analysts to be reported at 0.15/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -33.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ON. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for ON Semiconductor Corporation go to 6.78%.

An analysis of insider ownership at ON Semiconductor Corporation [ON]

There are presently around $16,318 million, in the hands of institutional investors. The top three institutional holders of ON stocks are: FMR LLC with ownership of 40,848,324, which is approximately 1.087% of the company’s market cap and around 0.50% of the total institutional ownership; VANGUARD GROUP INC, holding 36,659,554 shares of the stock with an approximate value of $1.43 billion in ON stocks shares; and BLACKROCK INC., currently with $1.11 billion in ON stock with ownership of nearly 2.711% of the company’s market capitalization.

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Positions in ON Semiconductor Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 251 institutional holders increased their position in ON Semiconductor Corporation [NASDAQ:ON] by around 71,828,052 shares. Additionally, 210 investors decreased positions by around 61,617,608 shares, while 60 investors held positions by with 284,952,971 shares. The mentioned changes placed institutional holdings at 418,398,631 shares, according to the latest SEC report filing. ON stock had 115 new institutional investments in for a total of 39,248,333 shares, while 48 institutional investors sold positions of 3,008,075 shares during the same period.

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