ON Semiconductor Corp [NASDAQ: ON] gained 3.98% or 2.83 points to close at $73.95 with a heavy trading volume of 6451034 shares.
The daily chart for ON points out that the company has recorded 1.04% gains over the past six months.
If we look at the average trading volume of 6.07M shares, ON reached to a volume of 6451034 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 Corp [ON]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ON shares is $86.31 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.
Wells Fargo have made an estimate for ON Semiconductor Corp shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on November 22, 2024. While these analysts kept the previous recommendation, Loop Capital raised their target price to Buy. The new note on the price target was released on November 12, 2024, representing the official price target for ON Semiconductor Corp stock. Previously, the target price had yet another raise from $85 to $90, while TD Cowen kept a Buy rating on ON stock. On July 15, 2024, analysts decreased their price target for ON shares from 85 to 77.
The Average True Range (ATR) for ON Semiconductor Corp is set at 2.70, with the Price to Sales ratio for ON stock in the period of the last 12 months amounting to 4.31. The Price to Book ratio for the last quarter was 3.67, with the Price to Cash per share for the same quarter was set at 6.44. Price to Free Cash Flow for ON in the course of the last twelve months was 31.76 with Quick ratio for the last quarter at 2.02.
Trading performance analysis for ON stock
ON Semiconductor Corp [ON] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.22. With this latest performance, ON shares gained by 4.91% in over the last four-week period, additionally plugging by 1.04% over the last 6 months – not to mention a rise of 3.67% 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 60.96, with the RSI for the last a single of trading hit 67.04, and the three-weeks RSI is set at 57.19 for ON Semiconductor Corp [ON]. The present Moving Average for the last 50 days of trading for this stock 70.28, while it was recorded at 71.73 for the last single week of trading, and 72.02 for the last 200 days.
ON Semiconductor Corp [ON]: A deeper dive into fundamental analysis
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 Semiconductor Corp [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 Corp go to 6.69%.
An analysis of Institutional ownership at ON Semiconductor Corp [ON]
There are presently around $103.90%, or 104.25%% 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%.
