In the last trading session, 8.33 million shares of the ON Semiconductor Corp (NASDAQ:ON) were traded, and its beta was 1.38. Most recently the company’s share price was $53.88, and it changed around $2.86 or 5.61% from the last close, which brings the market valuation of the company to $22.52B. ON currently trades at a discount to its 52-week high of $80.08, offering almost -48.63% off that amount. The share price’s 52-week low was $31.04, which indicates that the current value has risen by an impressive 42.39% since then.
ON Semiconductor Corp stock received a consensus recommendation rating of Hold, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 33 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 15 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 0.53 for the current quarter.
ON Semiconductor Corp (NASDAQ:ON) trade information
Instantly ON has showed a green trend with a performance of 5.61% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 54.44 on recent trading dayincreased the stock’s daily price by 1.03%. The company’s shares are currently down -14.54% year-to-date, but still up 2.86% over the last five days. On the other hand, ON Semiconductor Corp (NASDAQ:ON) is 21.02% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $60, which translates to bulls needing to increase their stock price by 10.2% from its current value. Analyst projections state that ON is forecast to be at a low of $60 and a high of $60.
ON Semiconductor Corp (ON) estimates and forecasts
The year-over-year growth rate is expected to be -16.48%, down from the previous year.
Consensus estimates provided by 27 financial analysts predict the company will bring in an average of 1.45B in revenue for the current quarter. 27 analysts expect ON Semiconductor Corp to make 1.49B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.74B and 1.76B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -16.44%. Forecasts for the next quarter put sales growth at -15.47%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 48.17%. ON Semiconductor Corp earnings are expected to increase by -42.15% in 2025, but the outlook is positive 4.73% per year for the next five years.
ON Dividends
ON Semiconductor Corp’s next quarterly earnings report is expected to be released in July.
VANGUARD GROUP INC, with 11.9612% or 51.33 million shares worth $3.52 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
