In today’s recent session, 3.0 million shares of the ON Semiconductor Corp (NASDAQ:ON) have been traded, and its beta is 1.58. Most recently the company’s share price was $48.56, and it changed around $1.52 or 3.22% from the last close, which brings the market valuation of the company to $20.67B. ON at last check was trading at a discount to its 52-week high of $85.16, offering almost -75.37% off that amount. The share price’s 52-week low was $46.57, which indicates that the recent value has risen by an impressive 4.1% since then. We note from ON Semiconductor Corp’s average daily trading volume that its 10-day average is 9.58 million shares, with the 3-month average coming to 7.59 million.
ON Semiconductor Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.88. If we narrow it down even further, the data shows that 1 out of 33 analysts rate the stock as a Sell; another 6 rate it as Overweight. Among the rest, 12 recommended ON as a Hold, whereas 13 deemed it a Buy, and 1 rated it as Underweight. ON Semiconductor Corp is expected to report earnings per share of 0.52 for the current quarter.
ON Semiconductor Corp (NASDAQ:ON) trade information
Instantly ON has been showing a green trend so far today with a performance of 3.22% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 53.58 on recent trading dayincreased the stock’s daily price by 9.37%. The company’s shares are currently down -22.99% year-to-date, but still down -4.00% over the last five days. On the other hand, ON Semiconductor Corp (NASDAQ:ON) is -9.98% down in the 30-day period. We can see from the shorts that 28.48 million shares have been sold at a short interest cover period of 3.51 day(s).
The consensus price target as assigned by Wall Street analysts is $87, which translates to bulls needing to increase their stock price by 44.18% from its current value. Analyst projections state that ON is forecast to be at a low of $60 and a high of $100.
ON Semiconductor Corp (ON) estimates and forecasts
The year-over-year growth rate is expected to be -14.95%, down from the previous year.
Consensus estimates provided by 22 financial analysts predict the company will bring in an average of 1.41B in revenue for the current quarter. 22 analysts expect ON Semiconductor Corp to make 1.43B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.86B and 1.74B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -24.25%. Forecasts for the next quarter put sales growth at -17.37%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 27.71%. ON Semiconductor Corp earnings are expected to increase by -10.40% in 2025, but the outlook is positive 18.12% per year for the next five years.
ON Dividends
ON Semiconductor Corp’s next quarterly earnings report is expected to be released in March.
ON Semiconductor Corp (NASDAQ:ON)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.37% of ON Semiconductor Corp shares, and 104.06% of them are in the hands of institutional investors. The stock currently has a share float of 104.44%. ON Semiconductor Corp stock is held by 1235.0 institutions, with FMR LLC being the largest institutional investor. By 2024-06-30, it held 14.9726% of the shares, which is about 64.1 million shares worth $4.39 billion.
VANGUARD GROUP INC, with 11.9892% or 51.33 million shares worth $3.52 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Fidelity Select Portfolios – Semiconductors Portfolio and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Nov 30, 2024 . The former held 18.17 shares worth $876.82 million, making up 4.27% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 13.56 shares worth around $654.58 million, which represents about 3.19% of the total shares outstanding.
