ON Semiconductor Corp (NASDAQ:ON) price on Thursday, February 06, rose 1.39% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $52.44.
A look at the stock’s price movement, the close in the last trading session was $51.72, moving within a range at $51.93 and $52.78. The beta value (5-Year monthly) was 1.654 while the PE ratio in trailing twelve months stood at 13.01. Turning to its 52-week performance, $85.16 and $49.80 were the 52-week high and 52-week low respectively. Overall, ON moved -18.71% over the past month.
ON Semiconductor Corp’s market cap currently stands at around $22.33 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 1.76B for the company’s revenue for the quarter, with a low and high estimate of 1.71B and 1.8B respectively. The average forecast suggests down to a -12.87% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 7.12B, representing a -13.74% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ON is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
23 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 19 recommend ON as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ON’s current price about -3.00% and -15.12% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.33, while 7-day volatility ratio is 2.90% and 3.67% in the 30-day chart. Further, ON Semiconductor Corp (ON) has a beta value of 1.57, and an average true range (ATR) of 2.07. Analysts have given the company’s stock an average 52-week price target of $87, forecast between a low of $60 and high of $100. Looking at the price targets, the low is -14.42% off current price level while to achieve the yearly target high, price needs to move -90.69%. Nonetheless, investors will most likely welcome a -65.9% jump to $87 which is the analysts’ median price.
If we refocus on ON Semiconductor Corp (NASDAQ:ON), historical trading data shows that trading volumes averaged 8.17 over the past 10 days and 7.13 million over the past 3 months. The company’s latest data on shares outstanding shows there are 425.65 million shares.
The 0.63% of ON Semiconductor Corp’s shares are in the hands of company insiders while institutional holders own 100.48% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 28.48 million on 2025-01-15, giving us a short ratio of 3.51. The data shows that as of 2025-01-15 short interest in ON Semiconductor Corp (ON) stood at 900.0 of shares outstanding, with shares short rising to 26.21 million registered in 2024-12-13. Current price change has pushed the stock -16.83% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ON stock continues to rise going into the next quarter.
