ON Semiconductor Corp. (NASDAQ:ON)’s traded shares stood at 1.18 million during the latest session, with the company’s beta value hitting 1.65. At the last check today, the stock’s price was $72.73, to imply an increase of 3.78% or $2.65 in intraday trading. The ON share’s 52-week high remains $86.77, putting it -19.3% down since that peak but still an impressive 18.41% since price per share fell to its 52-week low of $59.34. The company has a valuation of $31.15B, with an average of 6.87 million shares in intraday trading volume over the past 10 days and average of 6.57 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for ON Semiconductor Corp. (ON), translating to a mean rating of 2.03. Of 23 analyst(s) looking at the stock, 1 analyst(s) give ON a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 19 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.97.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
ON Semiconductor Corp. (NASDAQ:ON) trade information
After registering a 3.78% upside in the latest session, ON Semiconductor Corp. (ON) has traded red over the past five days. The 5-day price performance for the stock is 6.19%, and -0.80% over 30 days. With these gigs, the year-to-date price performance is -12.93%. Short interest in ON Semiconductor Corp. (NASDAQ:ON) saw shorts transact 23.84 million shares and set a 4.0 days time to cover.
The extremes give us $55 and $115 for target low and target high price respectively. As such, ON has been trading -58.12% off suggested target high and 24.38% from its likely low.
ON Semiconductor Corp. (ON) estimates and forecasts
Looking at statistics comparing ON Semiconductor Corp. share performance against respective industry, we note that the company has outperformed competitors. ON Semiconductor Corp. (ON) shares are 6.86% up over the last 6 months, with its year-to-date growth rate higher than industry average at -22.29% against -26.00%. Revenue is forecast to shrink -30.20% this quarter before falling -20.00% for the next one. The rating firms project that company’s revenue will shrink -13.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 26 analysts is 1.75B. Meanwhile, for the current quarter, a total of 26 analyst(s) estimate revenue growth to 1.78B.Earnings reports from the last fiscal year show that sales brought in 2.18B and 2.02B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -19.70% before dropping -12.00% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 27.71% for the past 5-year period. While 2024 is set for a -22.41% return in earnings, projections for the next 5 years are at 10.00% annually.
ON Dividends
ON Semiconductor Corp. has its next earnings report out on 2024-Oct-28. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
ON Semiconductor Corp. (NASDAQ:ON)’s Major holders
ON Semiconductor Corp. insiders hold 0.33% of total outstanding shares, with institutional holders owning 101.66% of the shares at 102.00% float percentage. In total, 101.66% institutions holds shares in the company, led by FMR LLC. As of 2024-06-30, the company held over 64.1 million shares (or 14.9726% of shares), all amounting to roughly $4.39 billion.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 51.33 million shares, or about 11.9892% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $3.52 billion.
We also have Fidelity Select Portfolios – Semiconductors Portfolio and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the ON Semiconductor Corp. (ON) shares. Going by data provided on Aug 31, 2024, Fidelity Select Portfolios – Semiconductors Portfolio holds roughly 18.17 shares. This is just over 4.24% of the total shares, with a market valuation of $1.32 billion. Data from the same date shows that the other fund manager holds a little less at 13.61, or 3.18% of the shares, all valued at about 987.14 million.
