Stocks of ON Semiconductor Corp. (NASDAQ:ON) traded higher last session on Wall Street, up 1.39% to $72.24.
ON stock price is now 1.02% away from the 50-day moving average and -0.58% away from the 200-day moving average. The market capitalization of the company currently stands at $30.94B.
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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, El-Khoury Hassane, CEO & President sold 1,500 shares of the company’s stock on Oct 15 ’24. The stock was sold for $109,065 at an average price of $72.71. Upon completion of the transaction, the CEO & President now directly owns 839,210 shares in the company, valued at $60.62 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 16 ’24, CEO & President El-Khoury Hassane sold 1,500 shares of the business’s stock. A total of $106,200 was realized by selling the stock at an average price of $70.80. This leaves the insider owning 840,620 shares of the company worth $60.73 million. A total of 0.64% 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 $86.77. 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 $31502673920, which is based on a 16.45 price-to-earnings ratio, a 1.64 price-to-earnings-growth ratio, and a beta of 1.65. The fifty day moving average price for ON is $71.513 and a two-hundred day moving average price translates $72.66045 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.
