In yesterday’s Wall Street session, ON Semiconductor Corp (NASDAQ:ON) shares traded at $69.81, down -5.60% from the previous session.
ON stock price is now -0.67% away from the 50-day moving average and -3.01% away from the 200-day moving average. The market capitalization of the company currently stands at $29.72B.
With the price target of $85, Wells Fargo recently initiated with Overweight rating for ON Semiconductor Corp (NASDAQ: ON). On November 12, 2024, Loop Capital recently initiated its ‘Buy’ rating on the stock quoting a target price of $95, while ‘TD Cowen’ rates the stock as ‘Buy’
In other news, El-Khoury Hassane, CEO & President sold 1,500 shares of the company’s stock on Nov 25 ’24. The stock was sold for $106,500 at an average price of $71.00. Upon completion of the transaction, the CEO & President now directly owns 837,710 shares in the company, valued at $58.48 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 15 ’24, CEO & President El-Khoury Hassane sold 1,500 shares of the business’s stock. A total of $109,065 was realized by selling the stock at an average price of $72.71. This leaves the insider owning 839,210 shares of the company worth $58.59 million.
During the past 12 months, ON Semiconductor Corp has had a low of $59.34 and a high of $86.77. As of last week, the company has a debt-to-equity ratio of 0.42, a current ratio of 3.07, and a quick ratio of 2.02. According to the stock market information, the enterprise value for the company is $30620618752, which is based on a 17.32 price-to-earnings ratio, a 2.59 price-to-earnings-growth ratio, and a beta of 1.62. The fifty day moving average price for ON is $70.2764 and a two-hundred day moving average price translates $72.01955 for the stock.
The latest earnings results from ON Semiconductor Corp (NASDAQ: ON) was released for 2024-09-27. The net profit margin was 23.80% and return on equity was 21.85% for ON. The company reported revenue of $1.76 billion for the quarter, compared to $2.18 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -19.21 percent.
