ON Semiconductor Corporation [ON] fell -22.95% so far this year. What now?

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ON Semiconductor Corporation [NASDAQ: ON] loss -0.76% on the last trading session, reaching $52.33 price per share at the time. The company report on March 15, 2022 that Ethisphere Announces onsemi as One of the 2022 World’s Most Ethical Companies for the Seventh Consecutive Year.


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Recognition honors companies demonstrating exceptional leadership and a commitment to business integrity through best-in-class ethics, compliance, and governance practices.

onsemi (Nasdaq: ON), a leader in intelligent power and sensing technologies, has been recognized by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, as one of the World’s Most Ethical Companies in 2022. This marks the company’s seventh consecutive year on this list. In 2022, 136 honorees were recognized spanning 22 countries and 45 industries. Only four honorees were in the semiconductor industry.

ON Semiconductor Corporation represents 431.40 million in outstanding shares, while the company has a total market value of $23.32 billion with the latest information. ON stock price has been found in the range of $51.55 to $53.98.

If compared to the average trading volume of 7.40M shares, ON reached a trading volume of 6784291 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 $73.73 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.

UBS have made an estimate for ON Semiconductor Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 08, 2022. While these analysts kept the previous recommendation, Truist raised their target price from $70 to $73. The new note on the price target was released on February 08, 2022, representing the official price target for ON Semiconductor Corporation stock. Previously, the target price had yet another raise from $75 to $80, while Needham kept a Strong Buy rating on ON stock. On February 08, 2022, analysts increased their price target for ON shares from 62 to 68.

The Average True Range (ATR) for ON Semiconductor Corporation is set at 2.98, 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 4.92, with the Price to Cash per share for the same quarter was set at 3.04. Price to Free Cash Flow for ON in the course of the last twelve months was 17.43 with Quick ratio for the last quarter at 1.60.

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 -12.18. With this latest performance, ON shares dropped by -6.37% in over the last four-week period, additionally plugging by 20.72% over the last 6 months – not to mention a rise of 24.48% 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 35.59, with the RSI for the last a single of trading hit 28.00, and the three-weeks RSI is set at 39.89 for ON Semiconductor Corporation [ON]. The present Moving Average for the last 50 days of trading for this stock 59.90, while it was recorded at 53.71 for the last single week of trading, and 53.22 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 +20.38 and a Gross Margin at +38.80. ON Semiconductor Corporation’s Net Margin is presently recorded at +14.98.

Return on Equity for this stock inclined to 24.86, with Return on Assets sitting at 11.04.

ON Semiconductor Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 2.50.

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

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 18.81%.

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

There are presently around $21,746 million, or 98.00% of ON stock, in the hands of institutional investors. The top three institutional holders of ON stocks are: FMR LLC with ownership of 41,985,210, which is approximately 1.649% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 41,259,697 shares of the stock with an approximate value of $2.16 billion in ON stocks shares; and VANGUARD GROUP INC, currently with $2.1 billion in ON stock with ownership of nearly 0.473% of the company’s market capitalization.

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 368 institutional holders increased their position in ON Semiconductor Corporation [NASDAQ:ON] by around 43,766,505 shares. Additionally, 291 investors decreased positions by around 42,669,609 shares, while 90 investors held positions by with 329,119,972 shares. The mentioned changes placed institutional holdings at 415,556,086 shares, according to the latest SEC report filing. ON stock had 176 new institutional investments in for a total of 14,678,051 shares, while 55 institutional investors sold positions of 2,661,137 shares during the same period.

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