Is ON Semiconductor Corp. [ON] a good investment? Don’t be fooled by its recent momentum

In yesterday’s Wall Street session, ON Semiconductor Corp. (NASDAQ:ON) shares traded at $70.73, unchanged from the previous session.

ON stock price is now 0.49% away from the 50-day moving average and -8.71% away from the 200-day moving average. The market capitalization of the company currently stands at $30.43B.

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With the price target of $100, Jefferies recently initiated with Buy rating for ON Semiconductor Corp. (NASDAQ: ON). On April 30, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $90 to quote $85, while ‘Exane BNP Paribas’ rates the stock as ‘Underperform’

In other news, Thad Trent, Exec VP & CFO sold 38,000 shares of the company’s stock on Jun 11 ’24. The stock was sold for $2,756,938 at an average price of $72.55. Upon completion of the transaction, the Exec VP & CFO now directly owns 331,829 shares in the company, valued at $23.47 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 16 ’24, Director MASCARENAS PAUL ANTHONY sold 911 shares of the business’s stock. A total of $67,833 was realized by selling the stock at an average price of $74.46. This leaves the insider owning 48,929 shares of the company worth $3.46 million. A total of 0.53% of the company’s stock is owned by insiders.

During the past 12 months, ON Semiconductor Corp. has had a low of $59.34 and a high of $111.35. As of last week, the company has a debt-to-equity ratio of 0.45, a current ratio of 2.87, and a quick ratio of 1.87. According to the stock market information, the enterprise value for the company is $31428800512, which is based on a 14.44 price-to-earnings ratio, a 1.64 price-to-earnings-growth ratio, and a beta of 1.69. The fifty day moving average price for ON is $70.4244 and a two-hundred day moving average price translates $77.34335 for the stock.

The latest earnings results from ON Semiconductor Corp. (NASDAQ: ON) was released for 2024-03-29. The net profit margin was 26.67% and return on equity was 29.85% for ON. The company reported revenue of $1.86 billion for the quarter, compared to $1.96 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.95 percent.

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