ON Semiconductor Corporation [ON] is -3.78% lower this YTD. Is it still time to buy?

ON Semiconductor Corporation [NASDAQ: ON] loss -0.50% or -0.33 points to close at $65.35 with a heavy trading volume of 5910173 shares. The company report on October 13, 2022 that onsemi to Announce Third Quarter Financial Results.


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onsemi (Nasdaq: ON) plans to announce its financial results for the third quarter, which ended September 30, 2022, before the market opens on Monday, October 31, 2022.

The company will host a conference call at 9 a.m. Eastern Time (ET) on October 31, 2022, following the release of its financial results. Investors and interested parties can access the conference call in the following manner:.

It opened the trading session at $66.48, the shares rose to $66.90 and dropped to $63.99, the range by which the price of stock traded the whole day. The daily chart for ON points out that the company has recorded 22.20% gains over the past six months. However, it is still -49.41% lower than its most recent low trading price.

If we look at the average trading volume of 7.46M shares, ON reached to a volume of 5910173 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 $75.34 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 2.00. 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.

William Blair have made an estimate for ON Semiconductor Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 17, 2022. The new note on the price target was released on August 01, 2022, representing the official price target for ON Semiconductor Corporation stock. Previously, the target price had yet another raise from $58 to $65, while Wells Fargo kept a Overweight rating on ON stock. On February 08, 2022, analysts increased their price target for ON shares from 55 to 69.

The Average True Range (ATR) for ON Semiconductor Corporation is set at 3.48, with the Price to Sales ratio for ON stock in the period of the last 12 months amounting to 3.48. The Price to Book ratio for the last quarter was 5.27, with the Price to Cash per share for the same quarter was set at 4.41. Price to Free Cash Flow for ON in the course of the last twelve months was 20.09 with Quick ratio for the last quarter at 1.90.

Trading performance analysis for ON stock

ON Semiconductor Corporation [ON] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.30. With this latest performance, ON shares gained by 3.22% in over the last four-week period, additionally plugging by 22.20% over the last 6 months – not to mention a rise of 42.16% 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 53.16, with the RSI for the last a single of trading hit 58.01, and the three-weeks RSI is set at 51.47 for ON Semiconductor Corporation [ON]. The present Moving Average for the last 50 days of trading for this stock 66.87, while it was recorded at 62.81 for the last single week of trading, and 60.46 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 1.90 and a Current Ratio set at 2.80.

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 19.21%.

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

There are presently around $29,037 million, or 98.40% of ON stock, in the hands of institutional investors. The top three institutional holders of ON stocks are: VANGUARD GROUP INC with ownership of 50,340,515, which is approximately 20.83% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 45,236,311 shares of the stock with an approximate value of $2.96 billion in ON stocks shares; and FMR LLC, currently with $2.57 billion in ON stock with ownership of nearly 17.036% of the company’s market capitalization.

Positions in ON Semiconductor Corporation stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 383 institutional holders increased their position in ON Semiconductor Corporation [NASDAQ:ON] by around 80,760,185 shares. Additionally, 329 investors decreased positions by around 32,610,696 shares, while 90 investors held positions by with 330,963,634 shares. The mentioned changes placed institutional holdings at 444,334,515 shares, according to the latest SEC report filing. ON stock had 105 new institutional investments in for a total of 3,733,446 shares, while 97 institutional investors sold positions of 7,918,673 shares during the same period.

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