In yesterday’s Wall Street session, ON Semiconductor Corp. (NASDAQ:ON) shares traded at $76.29, up 4.77% from the previous session.
ON stock price is now 7.73% away from the 50-day moving average and -3.99% away from the 200-day moving average. The market capitalization of the company currently stands at $32.82B.
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With the price target of $100, Jefferies recently initiated with Buy rating for ON Semiconductor Corp. (NASDAQ: ON). On April 30, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $90 to quote $85, while ‘Exane BNP Paribas’ rates the stock as ‘Underperform’
In other news, MASCARENAS PAUL ANTHONY, Director sold 911 shares of the company’s stock on May 16 ’24. The stock was sold for $67,833 at an average price of $74.46. Upon completion of the transaction, the Director now directly owns 48,929 shares in the company, valued at $3.73 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 12 ’23, Chief Accounting Officer COLPITTS BERNARD RAYMOND JR sold 1,005 shares of the business’s stock. A total of $97,103 was realized by selling the stock at an average price of $96.62. This leaves the insider owning 31,045 shares of the company worth $2.37 million. A total of 0.51% of the company’s stock is owned by insiders.
During the past 12 months, ON Semiconductor Corp. has had a low of $59.34 and a high of $111.35. As of last week, the company has a debt-to-equity ratio of 0.45, a current ratio of 2.87, and a quick ratio of 1.87. According to the stock market information, the enterprise value for the company is $33820891136, which is based on a 15.58 price-to-earnings ratio, a 1.76 price-to-earnings-growth ratio, and a beta of 1.70. The fifty day moving average price for ON is $70.8192 and a two-hundred day moving average price translates $79.4592 for the stock.
The latest earnings results from ON Semiconductor Corp. (NASDAQ: ON) was released for 2024-03-29. According to the Semiconductors Company, earnings per share came in at 1.33, beating analysts’ expectations of 1.21 by 0.12. This compares to $1.03 EPS in the same period last year. The net profit margin was 26.67% and return on equity was 29.85% for ON. The company reported revenue of $1.86 billion for the quarter, compared to $1.96 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.95 percent. For the current quarter, analysts expect ON to generate $1.73B in revenue.
