In yesterday’s Wall Street session, ON Semiconductor Corp. (NASDAQ:ON) shares traded at $70.17, up 3.89% from the previous session.
ON stock price is now -3.48% away from the 50-day moving average and -5.93% away from the 200-day moving average. The market capitalization of the company currently stands at $30.19B.
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With the price target reduced from $85 to $77, Citigroup Downgraded its rating from Buy to Neutral for ON Semiconductor Corp. (NASDAQ: ON). On July 11, 2024, Morgan Stanley Downgraded its previous ‘Equal-Weight’ rating to ‘Underweight’ on the stock reducing its target price from $70 to quote $65, while ‘Jefferies’ rates the stock as ‘Buy’
In other news, Thad Trent, Exec VP & CFO sold 38,000 shares of the company’s stock on Jun 11 ’24. The stock was sold for $2,756,938 at an average price of $72.55. Upon completion of the transaction, the Exec VP & CFO now directly owns 331,829 shares in the company, valued at $23.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 16 ’24, Director MASCARENAS PAUL ANTHONY sold 911 shares of the business’s stock. A total of $67,833 was realized by selling the stock at an average price of $74.46. This leaves the insider owning 48,929 shares of the company worth $3.43 million. A total of 0.55% 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 $31187871744, which is based on a 14.33 price-to-earnings ratio, a 1.62 price-to-earnings-growth ratio, and a beta of 1.69. The fifty day moving average price for ON is $72.6456 and a two-hundred day moving average price translates $74.48775 for the stock.
The latest earnings results from ON Semiconductor Corp. (NASDAQ: ON) was released for 2024-03-29. 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.
