In yesterday’s Wall Street session, ON Semiconductor Corp. (NASDAQ:ON) shares traded at $71.08, down -2.51% from the previous session.
ON stock price is now -1.69% away from the 50-day moving average and -3.25% away from the 200-day moving average. The market capitalization of the company currently stands at $30.45B.
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With the price target enhanced from $85 to $90, TD Cowen maintained Buy rating for ON Semiconductor Corp. (NASDAQ: ON). On July 15, 2024, Citigroup Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $85 to quote $77, while ‘Morgan Stanley’ rates the stock as ‘Underweight’
In other news, KEETON SIMON, Group President, PSG sold 30,939 shares of the company’s stock on Jul 31 ’24. The stock was sold for $2,411,345 at an average price of $77.94. Upon completion of the transaction, the Group President, PSG now directly owns 231,092 shares in the company, valued at $16.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 31 ’24, Officer KEETON SIMON bought 30,939 shares of the business’s stock. A total of $2,411,345 was incurred on buying the stock at an average price of $77.94. 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 $101.30. As of last week, the company has a debt-to-equity ratio of 0.44, a current ratio of 3.01, and a quick ratio of 1.95. According to the stock market information, the enterprise value for the company is $31429853184, which is based on a 16.18 price-to-earnings ratio, a 2.02 price-to-earnings-growth ratio, and a beta of 1.67. The fifty day moving average price for ON is $72.2574 and a two-hundred day moving average price translates $73.4077 for the stock.
The latest earnings results from ON Semiconductor Corp. (NASDAQ: ON) was released for 2024-06-28. The net profit margin was 24.84% and return on equity was 25.28% for ON. The company reported revenue of $1.74 billion for the quarter, compared to $2.09 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -17.15 percent.
