ON Semiconductor Corp. [NASDAQ: ON] stock went on a downward path that fall over -0.10% on Monday, amounting to a one-week price decrease of less than -7.60%.
Over the last 12 months, ON stock dropped by -18.33%. The one-year ON Semiconductor Corp. stock forecast points to a potential upside of 29.29. The average equity rating for ON stock is currently 2.03, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $25.92 billion, with 426.39 million shares outstanding and 424.27 million shares in the current float. Compared to the average trading volume of 7.05M shares, ON stock reached a trading volume of 7356797 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on ON Semiconductor Corp. [ON]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ON shares is $85.77 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 2.03. 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.
Exane BNP Paribas have made an estimate for ON Semiconductor Corp. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on April 19, 2024. While these analysts kept the previous recommendation, Evercore ISI raised their target price to Outperform. The new note on the price target was released on April 16, 2024, representing the official price target for ON Semiconductor Corp. stock. Previously, the target price had yet another raise from $80 to $90, while TD Cowen kept a Outperform rating on ON stock.
The Average True Range (ATR) for ON Semiconductor Corp. is set at 2.54, with the Price to Sales ratio for ON stock in the period of the last 12 months amounting to 3.14. The Price to Book ratio for the last quarter was 3.32, with the Price to Cash per share for the same quarter was set at 5.82. Price to Free Cash Flow for ON in the course of the last twelve months was 59.12 with Quick ratio for the last quarter at 1.74.
ON Stock Performance Analysis:
ON Semiconductor Corp. [ON] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.60. With this latest performance, ON shares dropped by -19.97% in over the last four-week period, additionally sinking by -30.30% over the last 6 months – not to mention a drop of -18.33% 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 26.66, with the RSI for the last a single of trading hit 20.17, and the three-weeks RSI is set at 31.59 for ON Semiconductor Corp. [ON]. The present Moving Average for the last 50 days of trading for this stock 74.45, while it was recorded at 62.70 for the last single week of trading, and 82.68 for the last 200 days.
Insight into ON Semiconductor Corp. Fundamentals:
ON Semiconductor Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.74 and a Current Ratio set at 2.71.
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 Corp. go to 4.61%.
ON Semiconductor Corp. [ON] Institutonal Ownership Details
The top three institutional holders of ON stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in ON stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in ON stock with ownership which is approximately 5.8386%.
