Stocks of ON Semiconductor Corp (NASDAQ:ON) traded higher last session on Wall Street, up 0.99% to $67.31.
ON stock price is now -4.21% away from the 50-day moving average and -6.95% away from the 200-day moving average. The market capitalization of the company currently stands at $28.66B.
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With the price target of $95, Loop Capital recently initiated with Buy rating for ON Semiconductor Corp (NASDAQ: ON). On July 30, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $85 to quote $90, while ‘Citigroup’ rates the stock as ‘Neutral’
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 $56.49 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 $56.58 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 0.42, a current ratio of 3.07, and a quick ratio of 2.02. According to the stock market information, the enterprise value for the company is $29556125696, which is based on a 16.70 price-to-earnings ratio, a 1.67 price-to-earnings-growth ratio, and a beta of 1.64. The fifty day moving average price for ON is $70.27 and a two-hundred day moving average price translates $72.3373 for the stock.
The latest earnings results from ON Semiconductor Corp (NASDAQ: ON) was released for 2024-09-27. The net profit margin was 23.80% and return on equity was 21.85% for ON. The company reported revenue of $1.76 billion for the quarter, compared to $2.18 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -19.21 percent.
