ON Semiconductor Corporation [ON] is 15.06% higher this YTD. Is it still time to buy?

ON Semiconductor Corporation [NASDAQ: ON] stock went on a downward path that fall over -0.69% on Wednesday, amounting to a one-week price increase of more than 1.59%. The company report on July 15, 2021 that ON Semiconductor Intelligent Sensing Technologies Enable 360° Vision in AutoX Gen5 Self-Driving Platform.

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Twenty-eight 2D image sensors and four 3D LiDAR sensors eliminate blind spots and ensure the highest level of safety.

ON Semiconductor (Nasdaq: ON), announced that its image sensing and LiDAR technologies power key functions of AutoX’s Gen5 self-driving platform. Revealed at the World Artificial Intelligence Conference, the new Gen5 autonomous vehicle technology enables the first fully driverless RoboTaxi, designed to democratize autonomy and provide universal access to the transportation of people and goods.

Over the last 12 months, ON stock rose by 82.02%. The one-year ON Semiconductor Corporation stock forecast points to a potential upside of 16.68. The average equity rating for ON stock is currently 2.10, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $15.64 billion, with 427.01 million shares outstanding and 421.59 million shares in the current float. Compared to the average trading volume of 5.66M shares, ON stock reached a trading volume of 3678780 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $45.20 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 2.10. 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.

Robert W. Baird have made an estimate for ON Semiconductor Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on May 04, 2021. The new note on the price target was released on March 01, 2021, representing the official price target for ON Semiconductor Corporation stock. On February 02, 2021, analysts increased their price target for ON shares from 38 to 45.

The Average True Range (ATR) for ON Semiconductor Corporation is set at 1.03, with the Price to Sales ratio for ON stock in the period of the last 12 months amounting to 2.87. The Price to Book ratio for the last quarter was 4.29, with the Price to Cash per share for the same quarter was set at 2.51. Price to Free Cash Flow for ON in the course of the last twelve months was 25.71 with Quick ratio for the last quarter at 1.10.

ON Stock Performance Analysis:

ON Semiconductor Corporation [ON] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.59. With this latest performance, ON shares dropped by -1.72% in over the last four-week period, additionally plugging by 3.43% over the last 6 months – not to mention a rise of 82.02% 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 48.62, with the RSI for the last a single of trading hit 48.58, and the three-weeks RSI is set at 48.41 for ON Semiconductor Corporation [ON]. The present Moving Average for the last 50 days of trading for this stock 37.82, while it was recorded at 37.70 for the last single week of trading, and 35.03 for the last 200 days.

Insight into ON Semiconductor Corporation Fundamentals:

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 1.10 and a Current Ratio set at 1.80.

ON Stock EPS

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 9.95%.

ON Semiconductor Corporation [ON] Insider Position Details

There are presently around $15,284 million, or 97.10% of ON stock, in the hands of institutional investors. The top three institutional holders of ON stocks are: FMR LLC with ownership of 41,694,679, which is approximately 2.072% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 38,136,041 shares of the stock with an approximate value of $1.44 billion in ON stocks shares; and VANGUARD GROUP INC, currently with $1.4 billion in ON stock with ownership of nearly 1.207% 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 August and at the time of the August reporting period, where 261 institutional holders increased their position in ON Semiconductor Corporation [NASDAQ:ON] by around 47,685,285 shares. Additionally, 239 investors decreased positions by around 59,520,079 shares, while 68 investors held positions by with 298,644,308 shares. The mentioned changes placed institutional holdings at 405,849,672 shares, according to the latest SEC report filing. ON stock had 105 new institutional investments in for a total of 15,901,078 shares, while 65 institutional investors sold positions of 6,429,480 shares during the same period.

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