ON Semiconductor Corporation [NASDAQ: ON] jumped around 1.36 points on Wednesday, while shares priced at $49.21 at the close of the session, up 2.84%. The company report on September 15, 2021 that Low Power Asset Tag from onsemi Brings Unmatched Five-Year Battery Life to Industrial Asset Management.
Bluetooth® Low Energy technology enabled design platform offers Quuppa® Real Time Localization Services (RTLS).
onsemi (Nasdaq: ON), a leader in intelligent power and sensing technologies, unveiled a new system solution that overcomes the main challenges associated with developing asset tracking tags. Battery life has been a major obstacle to asset tag adoption, particularly within industrial sectors where reducing maintenance efforts and associated costs are a primary concern. The RSL10 Asset Tag offers an unprecedented, industry-leading battery life of up to five years. Until now, the accepted battery life for asset tracking tags or beacons has been just a year or even months.
ON Semiconductor Corporation stock is now 50.35% up from its year-to-date (YTD) trading value. ON Stock saw the intraday high of $49.23 and lowest of $47.5688 per share. The company’s 52-week high price is 48.46, which means current price is +52.26% above from all time high which was touched on 09/15/21.
Compared to the average trading volume of 5.55M shares, ON reached a trading volume of 5487127 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say 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 $53.42 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.
Morgan Stanley have made an estimate for ON Semiconductor Corporation shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on August 03, 2021. While these analysts kept the previous recommendation, Robert W. Baird raised their target price from $38 to $48. The new note on the price target was released on May 04, 2021, representing the official price target for ON Semiconductor Corporation stock. Previously, the target price had yet another raise to $48, while BofA Securities analysts kept a Buy rating on ON stock.
The Average True Range (ATR) for ON Semiconductor Corporation is set at 1.27, with the Price to Sales ratio for ON stock in the period of the last 12 months amounting to 3.46. The Price to Book ratio for the last quarter was 5.56, with the Price to Cash per share for the same quarter was set at 2.63. Price to Free Cash Flow for ON in the course of the last twelve months was 22.45 with Quick ratio for the last quarter at 1.30.
How has ON stock performed recently?
ON Semiconductor Corporation [ON] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.72. With this latest performance, ON shares gained by 13.36% in over the last four-week period, additionally plugging by 17.64% over the last 6 months – not to mention a rise of 123.48% 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 73.99, with the RSI for the last a single of trading hit 79.94, and the three-weeks RSI is set at 69.83 for ON Semiconductor Corporation [ON]. The present Moving Average for the last 50 days of trading for this stock 41.83, while it was recorded at 47.37 for the last single week of trading, and 38.66 for the last 200 days.
ON Semiconductor Corporation [ON]: Deeper insight into the 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 1.30 and a Current Ratio set at 2.20.
Earnings analysis for ON Semiconductor Corporation [ON]
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 51.39%.
Insider trade positions for ON Semiconductor Corporation [ON]
There are presently around $19,857 million, or 98.20% of ON stock, in the hands of institutional investors. The top three institutional holders of ON stocks are: BLACKROCK INC. with ownership of 40,282,627, which is approximately 5.629% of the company’s market cap and around 0.30% of the total institutional ownership; FMR LLC, holding 38,927,277 shares of the stock with an approximate value of $1.92 billion in ON stocks shares; and VANGUARD GROUP INC, currently with $1.91 billion in ON stock with ownership of nearly 4.342% of the company’s market capitalization.
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 279 institutional holders increased their position in ON Semiconductor Corporation [NASDAQ:ON] by around 42,160,511 shares. Additionally, 241 investors decreased positions by around 42,316,652 shares, while 81 investors held positions by with 319,037,428 shares. The mentioned changes placed institutional holdings at 403,514,591 shares, according to the latest SEC report filing. ON stock had 96 new institutional investments in for a total of 9,678,004 shares, while 71 institutional investors sold positions of 10,110,186 shares during the same period.