ON Semiconductor Corp (NASDAQ:ON) has a beta value of 1.66 and has seen 1.4 million shares traded in the recent trading session. The company, currently valued at $29.49B, closed the recent trade at $69.26 per share which meant it lost -$0.24 on the day or -0.35% during that session. The ON stock price is -25.28% off its 52-week high price of $86.77 and 14.32% above the 52-week low of $59.34. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.7 million shares traded. The 3-month trading volume is 6.23 million shares.
The consensus among analysts is that ON Semiconductor Corp (ON) is Buy stock at the moment, with a recommendation rating of 2.09. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 23 have rated it as a Hold, with 19 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.98.
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ON Semiconductor Corp (NASDAQ:ON) trade information
Sporting -0.35% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ON stock price touched $69.26 or saw a rise of 8.94%. Year-to-date, ON Semiconductor Corp shares have moved -17.08%, while the 5-day performance has seen it change -7.28%. Over the past 30 days, the shares of ON Semiconductor Corp (NASDAQ:ON) have changed -2.57%. Short interest in the company has seen 23.85 million shares shorted with days to cover at 4.53.
Wall Street analysts have a consensus price target for the stock at $90, which means that the shares’ value could jump 23.04% from the levels at last check today.. The projected low price target is $55.0 while the price target rests at a high of $115.0. In that case, then, we find that the latest price level in today’s session is -66.04% off the targeted high while a plunge would see the stock lose 20.59% from the levels at last check today..
ON Semiconductor Corp (ON) estimates and forecasts
Figures show that ON Semiconductor Corp shares have outperformed across the wider relevant industry. The company’s shares have lost -2.16% over the past 6 months, with this year growth rate of -22.48%, compared to -26.10% for the industry. Revenue growth from the last financial year stood is estimated to be -13.70%.
25 analysts offering their estimates for the company have set an average revenue estimate of 1.76B for the current quarter. 25 have an estimated revenue figure of 1.74B for the next ending quarter. Year-ago sales stood 2.02B and 1.86B respectively for this quarter and the next, and analysts expect sales will shrink by -12.70% for the current quarter and -13.70% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 27.71% over the past 5 years. Earnings growth for 2024 is a modest -22.36% while over the next 5 years, the company’s earnings are expected to increase by 11.25%.
ON Dividends
ON Semiconductor Corp is expected to release its next earnings report on 2025-Feb-03 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
ON Semiconductor Corp (NASDAQ:ON)’s Major holders
Insiders own 0.33% of the company shares, while shares held by institutions stand at 102.28% with a share float percentage of 102.62%. Investors are also buoyed by the number of investors in a company, with ON Semiconductor Corp having a total of 1254.0 institutions that hold shares in the company. The top two institutional holders are FMR LLC with over 64.1 million shares worth more than $4.39 billion. As of 2024-06-30, FMR LLC held 14.9726% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 51.33 million shares as of 2024-06-30. The firm’s total holdings are worth over $3.52 billion and represent 11.9892% of shares outstanding.
