Stocks of ON Semiconductor Corporation (NASDAQ:ON) traded higher last session on Wall Street, down -3.23% to $94.57.
According to the data, ON Semiconductor Corporation (NASDAQ:ON) has 31 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $135.00 and a low of $91.00, we find $122.00. Given the previous closing price of $97.73, this indicates a potential upside of 24.83 percent. ON stock price is now -1.01% away from the 50-day moving average and 18.95% away from the 200-day moving average. The market capitalization of the company currently stands at $42.17B.
A total of 12 analysts have issued a hold rating and 17 have given it a buy rating. Brokers who have rated the stock have averaged $120.00 as their price target over the next twelve months.
With the price target maintained at $95, Rosenblatt recently Downgraded its rating from Buy to Neutral for ON Semiconductor Corporation (NASDAQ: ON).
In other news, KEETON SIMON, EVP & GM, PSG sold 9,923 shares of the company’s stock on Jul 31. The stock was sold for $1,088,950 at an average price of $109.74. Upon completion of the transaction, the EVP & GM, PSG now directly owns 175,616 shares in the company, valued at $16.61 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 18, CEO & President El-Khoury Hassane sold 20,000 shares of the business’s stock. A total of $2,100,000 was realized by selling the stock at an average price of $105.00. This leaves the insider owning 531,388 shares of the company worth $50.25 million. Insiders disposed of 446,033 shares of company stock worth roughly $42.18 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ON stock. A new stake in ON Semiconductor Corporation shares was purchased by WEDGE CAPITAL MANAGEMENT L L P/NC during the first quarter worth $80,907,000. COATUE MANAGEMENT LLC invested $72,580,000 in shares of ON during the first quarter. In the first quarter, AGF INVESTMENTS INC. acquired a new stake in ON Semiconductor Corporation valued at approximately $69,277,000. KCL CAPITAL, L.P. acquired a new stake in ON for approximately $28,371,000. TWIN TREE MANAGEMENT, LP purchased a new stake in ON valued at around $26,690,000 in the second quarter. In total, there are 1,263 active investors with 104.24% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $96.51 for ON Semiconductor Corporation (NASDAQ: ON). During the past 12 months, ON Semiconductor Corporation has had a low of $54.93 and a high of $111.35. As of last week, the company has a debt-to-equity ratio of 0.50, a current ratio of 2.40, and a quick ratio of 1.60. According to the stock market information, the enterprise value for the company is $41.67B, which is based on a 21.68 price-to-earnings ratio, a 2.93 price-to-earnings-growth ratio, and a beta of 1.78. The fifty day moving average price for ON is $95.76 and a two-hundred day moving average price translates $79.65 for the stock.
The latest earnings results from ON Semiconductor Corporation (NASDAQ: ON) was released for Jun, 2023. According to the Semiconductors Company, earnings per share came in at $1.33, beating analysts’ expectations of $1.21 by 0.12. This compares to $1.02 EPS in the same period last year. The net profit margin was 23.40% and return on equity was 30.90% for ON. The company reported revenue of $2.09 billion for the quarter, compared to $2.08 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.45 percent. For the current quarter, analysts expect ON to generate $2.14B in revenue.
ON Semiconductor Corporation(ON) Company Profile
ON Semiconductor Corporation provides intelligent sensing and power solutions in the United States and internationally. The company operates through three segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group. Its intelligent power technologies enable the electrification of the automotive industry that allows for lighter and longer-range electric vehicles, empowers fast-charging systems, and propels sustainable energy for the solar strings, industrial power, and storage systems. The company offers analog, discrete, module, and integrated semiconductor products that perform multiple application functions, includes power switching and conversion, signal conditioning, circuit protection, signal amplification, and voltage regulation functions. The company also designs and develops analog, mixed-signal, advanced logic, application specific standard product and ASICs, radio frequency, and integrated power solutions for end-users in end-markets, as well as provides foundry and design services for government customers. In addition, it develops complementary metal oxide semiconductor image sensors, image signal processors, and single photon detectors, include silicon photomultipliers and single photon avalanche diode arrays, as well as actuator drivers for autofocus and image stabilization for a broad base of end-users in various end-markets. ON Semiconductor Corporation was incorporated in 1992 and is headquartered in Scottsdale, Arizona.
