In recent trading session, ON Semiconductor Corp. (NASDAQ:ON) saw 1.35 million shares changing hands at last check today with its beta currently measuring 1.67. Company’s recent per share price level of $74.66 trading at $3.58 or 5.04% at last check today assigns it a market valuation of $31.98B. That most recent trading price of ON’s stock is at a discount of -35.68% from its 52-week high price of $101.30 and is indicating a premium of 20.52% from its 52-week low price of $59.34. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 7.57 million shares which gives us an average trading volume of 6.47 million if we extend that period to 3-months.
For ON Semiconductor Corp. (ON), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.03. Splitting up the data highlights that, out of 23 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 19 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.97 in the current quarter.
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ON Semiconductor Corp. (NASDAQ:ON) trade information
Upright in the green today for gaining 5.04%, in the last five days ON remained trading in the green while hitting it’s week-highest on Thursday, 08/15/24 when the stock touched $74.66 price level, subtracting -0.16% to its value on the day. ON Semiconductor Corp.’s shares saw a change of -10.62% in year-to-date performance and have moved 3.36% in past 5-day. ON Semiconductor Corp. (NASDAQ:ON) showed a performance of -1.06% in past 30-days. Number of shares sold short was 24.85 million shares which calculate 3.34 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 90 to the stock, which implies a rise of 17.04% to its recent value today. Analysts have been projecting 55 as a low price target for the stock while placing it at a high target of 115. It follows that stock’s current price would jump 26.33% in reaching the projected high whereas dropping to the targeted low would mean a gain of 26.33% for stock’s current value.
ON Semiconductor Corp. (ON) estimates and forecasts
Statistics highlight that ON Semiconductor Corp. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -8.58% of value to its shares in past 6 months, showing an annual growth rate of -22.29% while that of industry is -26.00. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -13.50% from the last financial year’s standing.
26 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.75B for the same. And 26 analysts are in estimates of company making revenue of 1.79B in the next quarter. Company posted 2.18B and 2.02B of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 27.71% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -22.17% while estimates for its earnings growth in next 5 years are of 8.02%.
ON Semiconductor Corp. (NASDAQ:ON)’s Major holders
Insiders are in possession of 0.33% of company’s total shares while institution are holding 101.01 percent of that, with stock having share float percentage of 101.34%. Investors also watch the number of corporate investors in a company very closely, which is 101.01% institutions for ON Semiconductor Corp. that are currently holding shares of the company. FMR LLC is the top institutional holder at ON for having 58.22 million shares of worth $4.28 billion. And as of 2024-03-31, it was holding 13.5989 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 50.22 million shares on 2024-03-31. The number of shares represents firm’s hold over 11.7298 of outstanding shares, having a total worth of $3.69 billion.
On the other hand, Fidelity Select Portfolios – Semiconductors Portfolio and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024, the former fund manager was holding 18.82 shares of worth $1.41 billion or 4.39% of the total outstanding shares. The later fund manager was in possession of 13.46 shares on Mar 31, 2024, making its stake of worth around $1.01 billion in the company or a holder of 3.14% of company’s stock.
