In the last trading session, 5.21 million ON Semiconductor Corp. (NASDAQ:ON) shares changed hands as the company’s beta touched 1.80. With the company’s per share price at $64.72 changed hands at -$0.92 or -1.40% during last session, the market valuation stood at $27.66B. ON’s last price was a discount, traded about -72.05% off its 52-week high of $111.35. The share price had its 52-week low at $61.47, which suggests the last value was 5.02% up since then. When we look at ON Semiconductor Corp.’s average trading volume, we note the 3-month average coming to 7.19 million.

ON Semiconductor Corp. (NASDAQ:ON) trade information

Instantly ON was in red as seen at the end of in last trading. With action -8.77%, the performance over the past five days has been red. The drop to weekly highs of 70.77 subtracted -1.40% to the stock’s daily price. The company’s shares are showing year-to-date downside of -22.52%, with the 5-day performance at -8.77% in the red. However, in the 30-day time frame, ON Semiconductor Corp. (NASDAQ:ON) is -13.56% down.

ON Semiconductor Corp. (ON) estimates and forecasts

Data shows that the ON Semiconductor Corp. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -27.40% over the past 6 months, a -15.89% in annual growth rate that is considerably lower than the industry average of -11.40%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for ON Semiconductor Corp. will fall -12.60%, while the growth in revenue is estimated to hit -24.10% for the next quarter. Year-over-year growth is forecast to reach -8.90% down from the last financial year.

Consensus estimates given by 26 financial analysts project the company’s revenue in the current quarter to hit an average of $1.85 billion. 26 analysts are of the opinion that ON Semiconductor Corp.’s revenue for the quarter ending Jun 2024 will be $1.83 billion. The company’s revenue for the corresponding quarters a year ago was $1.92 billion and $2.09 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -3.80%. The estimates for the next quarter sales put growth at -12.80%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 27.71%. The 2024 estimates are for ON Semiconductor Corp. earnings to decrease by -17.86%, but the outlook for the next 5-year period is at 4.61% per year.

ON Dividends

ON Semiconductor Corp. is expected to release its next quarterly earnings report in May.