In the latest trading session, 0.97 million ON Semiconductor Corp. (NASDAQ:ON) shares changed hands as the company’s beta touched 1.65. With the company’s most recent per share price at $66.09 changed hands at -$1.05 or -1.57% at last look, the market valuation stands at $28.31B. ON’s current price is a discount, trading about -31.29% off its 52-week high of $86.77. The share price had its 52-week low at $59.34, which suggests the last value was 10.21% up since then. When we look at ON Semiconductor Corp.’s average trading volume, we note the 10-day average is 5.66 million shares, with the 3-month average coming to 6.57 million.
Analysts gave the ON Semiconductor Corp. (ON) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.03. If we narrow down to specifics, the data shows that 1 out of 23 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended ON as a Hold, 19 felt it is a Buy and 0 rated the stock as Underweight. ON Semiconductor Corp.’s EPS for the current quarter is expected to be 0.97.
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ON Semiconductor Corp. (NASDAQ:ON) trade information
Instantly ON was in red as seen in intraday trades today. With action -4.66%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -20.88%, with the 5-day performance at -4.66% in the red. However, in the 30-day time frame, ON Semiconductor Corp. (NASDAQ:ON) is -5.24% down. Looking at the short shares, we see there were 23.84 million shares sold at short interest cover period of 4.0 days.
The consensus price target for the stock as assigned by Wall Street analysts is 90, meaning bulls need an upside of 26.57% from its recent market value. According to analyst projections, ON’s forecast low is 55 with 115 as the target high. To hit the forecast high, the stock’s price needs a -74.01% plunge from its current level, while the stock would need to tank 16.78% for it to hit the projected low.
ON Semiconductor Corp. (ON) estimates and forecasts
Data shows that the ON Semiconductor Corp. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 7.15% over the past 6 months, a -22.29% in annual growth rate that is considerably higher than the industry average of -26.00%. Year-over-year growth is forecast to reach -13.60% 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 1.75B. 26 analysts are of the opinion that ON Semiconductor Corp.’s revenue for the current quarter will be 1.78B. The company’s revenue for the corresponding quarters a year ago was 2.18B and 2.02B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -19.70%. The estimates for the next quarter sales put growth at -11.90%.
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 -22.41%, but the outlook for the next 5-year period is at 10.00% per year.
ON Dividends
ON Semiconductor Corp. is expected to release its next quarterly earnings report on 2024-Oct-28.
ON Semiconductor Corp. (NASDAQ:ON)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.33% of ON Semiconductor Corp. shares while 101.48% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 101.82%. There are 101.48% institutions holding the ON Semiconductor Corp. stock share, with FMR LLC the top institutional holder. As of 2024-06-30, the company held 14.9726% of the shares, roughly 64.1 million ON shares worth $4.39 billion.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 11.9892% or 51.33 million shares worth $3.52 billion as of 2024-06-30.
