ON Semiconductor Corporation (NASDAQ: ON): Another Stock Investors Should Watch – Marketing Sentinel
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ON Semiconductor Corporation (NASDAQ: ON): Another Stock Investors Should Watch

During the recent session, ON Semiconductor Corporation (NASDAQ:ON)’s traded shares were 1.18 million, with the beta value of the company hitting 1.80. At the last check today, the stock’s price was $67.56, reflecting an intraday loss of -0.72% or -$0.49. The 52-week high for the ON share is $71.25, that puts it down -5.46 from that peak though still a striking 39.54% gain since the share price plummeted to a 52-week low of $40.85. The company’s market capitalization is $27.68B, and the average intraday trading volume over the past 10 days was 7.92 million shares, and the average trade volume was 9.11 million shares over the past three months.

ON Semiconductor Corporation (ON) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.00. ON has a Sell rating from 0 analyst(s) out of 28 analysts who have looked at this stock. 7 analyst(s) recommend to Hold the stock while 3 suggest Overweight, and 18 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.

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ON Semiconductor Corporation (NASDAQ:ON) trade information

ON Semiconductor Corporation (ON) registered a -0.72% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.72% in intraday trading to $67.56 this Thursday, 08/04/22, hitting a weekly high. The stock’s 5-day price performance is 5.41%, and it has moved by 42.93% in 30 days. Based on these gigs, the overall price performance for the year is 49.00%. The short interest in ON Semiconductor Corporation (NASDAQ:ON) is 24.25 million shares and it means that shorts have 1.97 day(s) to cover.

The consensus price target of analysts on Wall Street is $74.20, which implies an increase of 8.95% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $55.00 and $82.00 respectively. As a result, ON is trading at a discount of -21.37% off the target high and 18.59% off the low.

ON Semiconductor Corporation (ON) estimates and forecasts

Statistics show that ON Semiconductor Corporation has outperformed its competitors in share price, compared to the industry in which it operates. ON Semiconductor Corporation (ON) shares have gone up 11.41% during the last six months, with a year-to-date growth rate more than the industry average at 73.90% against 37.90. In the rating firms’ projections, revenue will increase 22.10% compared to the previous financial year.

Revenue for the current quarter is expected to be $2.11 billion as predicted by 24 analyst(s). Meanwhile, a consensus of 24 analyst(s) estimates revenue growth to $2.09 billion by the end of Dec 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $1.74 billion and $1.85 billion respectively. In this case, analysts expect current quarter sales to grow by 21.20% and then jump by 13.10% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 39.30%. While earnings are projected to return 306.80% in 2022, the next five years will return 17.61% per annum.

ON Dividends

ON Semiconductor Corporation is due to release its next quarterly earnings between October 31 and November 04. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

ON Semiconductor Corporation (NASDAQ:ON)’s Major holders

ON Semiconductor Corporation insiders own 0.39% of total outstanding shares while institutional holders control 98.82%, with the float percentage being 99.21%. Blackrock Inc. is the largest shareholder of the company, while 1,037 institutions own stock in it. As of Mar 30, 2022, the company held over 42.61 million shares (or 9.84% of all shares), a total value of $2.9 billion in shares.

The next largest institutional holding, with 41.66 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 9.62% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $2.83 billion.

Also, the Mutual Funds coming in first place with the largest holdings of ON Semiconductor Corporation (ON) shares are Vanguard Total Stock Market Index Fund and Janus Henderson Enterprise Fund. Data provided on Mar 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 12.5 million shares. This amounts to just over 2.89 percent of the company’s overall shares, with a $849.22 million market value. The same data shows that the other fund manager holds slightly less at 10.13 million, or about 2.34% of the stock, which is worth about $687.96 million.

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