ON Semiconductor Corp [NASDAQ: ON] stock went on an upward path that rose over 0.26% on Thursday, amounting to a one-week price decrease of less than -5.10%.
Over the last 12 months, ON stock dropped by -4.83%. The one-year ON Semiconductor Corp stock forecast points to a potential upside of 22.82. The average equity rating for ON stock is currently 2.03, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $28.38 billion, with 426.39 million shares outstanding and 423.06 million shares in the current float. Compared to the average trading volume of 6.11M shares, ON stock reached a trading volume of 5745348 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 $86.36 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.
Loop Capital have made an estimate for ON Semiconductor Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 12, 2024. While these analysts kept the previous recommendation, TD Cowen raised their target price from $85 to $90. The new note on the price target was released on July 30, 2024, representing the official price target for ON Semiconductor Corp stock. Previously, the target price had yet another drop from $85 to $77, while Citigroup kept a Neutral rating on ON stock. On July 11, 2024, analysts decreased their price target for ON shares from 70 to 65.
The Average True Range (ATR) for ON Semiconductor Corp is set at 2.60, with the Price to Sales ratio for ON stock in the period of the last 12 months amounting to 3.85. The Price to Book ratio for the last quarter was 3.30, with the Price to Cash per share for the same quarter was set at 6.51. Price to Free Cash Flow for ON in the course of the last twelve months was 28.31 with Quick ratio for the last quarter at 2.02.
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 -5.10. With this latest performance, ON shares dropped by -0.73% in over the last four-week period, additionally sinking by -8.47% over the last 6 months – not to mention a drop of -4.83% 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 41.49, with the RSI for the last a single of trading hit 38.75, and the three-weeks RSI is set at 43.56 for ON Semiconductor Corp [ON]. The present Moving Average for the last 50 days of trading for this stock 70.34, while it was recorded at 66.68 for the last single week of trading, and 72.38 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 2.02 and a Current Ratio set at 3.07.
ON Stock EPS
With the latest financial reports released by the company, ON Semiconductor Corp posted 1.25/share EPS, while the average EPS was predicted by analysts to be reported at 1.2/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.05. 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 10.00%.
ON Semiconductor Corp [ON] Institutonal Ownership Details
There are presently around $103.89%, or 104.23%% of ON stock, in the hands of institutional investors. The top three institutional holders of ON stocks are: FMR LLC with ownership of 64.1 million shares, which is approximately 14.9726%. VANGUARD GROUP INC, holding 51.33 million shares of the stock with an approximate value of $$3.52 billion in ON stocks shares; and VANGUARD GROUP INC, currently with $$2.88 billion in ON stock with ownership which is approximately 9.8139%.
