Taking into account all relevant factors, ON Semiconductor Corporation (NASDAQ:ON) scores 56.% Buy on the technical side. The share price is also flashing a Buy from the Barchart TrendSpotter trading system. Investors starting out on a short-term path of investing should know that short terms indicators for ON averaged 50% Buy with an average daily trading volume over the past 20 days at 4037890 shares. Those using medium-term investment strategies, the shares have overall a 0.5% Buy signal while the 50-day average daily volume remained almost 5255458 shares. It’s also important to note that the stock, whose average daily volume over the 100 days as of this piece was shares, is signaling50% Buy for long term investors.
The stock is lingering around the initial support level of $20.49. After this, the following support is at the zone of $20.3. Up until the time the ON stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 46.91 on the daily chart, and this may be a cause for concern. In case the price goes below $20.3 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $20.92 level may cause a pull-back move approaching $21.16 mark.
ON Semiconductor Corporation (ON) is most likely going to rise 14.56 percent in the coming 12 months, as per price target approximations compiled by finviz. Nevertheless, they have set the price target at a $28-month high price target. This represents a whopping 35.46 percent increase from the current trading of shares. The 52-week median price target given by the analysts is $25, which means a return possibility of 20.95 percent in comparison with the closing price of the stock of $20.67 on December 03. The lowest price set for the stock is $15 — just above -27.43 percent from ON share price now.
Let’s take a glimpse at some insider activity at ON Semiconductor Corporation (NASDAQ:ON) and observe the pattern. The earliest insider trade happened on 11/05/2019. OSTRANDER DARYL parted with a total of 3 thousand shares of the firm at average share price of $22.14. The total amount for the sale was set at $66.42 thousand. On completing this exchange, the Director account balance was 93.47 thousand shares. The stock lost -3.52 percent from that insider sale. On 11/05/2019, Schromm William A., EVP & COO, did a sale of 10 thousand shares at a price of $22.01 per share. This got rid of 220.1 thousand shares from the insider’s fortune and the stock experienced a -2.95 percent retreat in price since the news became public. This exchange saw 716.41 thousand shares get out from the EVP & COO account. On 10/30/2019, EVP & GM, ASG HOPKIN VINCE CRAIG recorded a sale transaction valued at $51.47 thousand. The sale at $20.95 a share has eliminated 2.46 thousand shares from the insider’s portfolio position. Meanwhile, shares price witnessed 1.96 percent increase since the transaction reporting date. The company insider is left with 103.85 thousand shares remaining in the account. Schromm William A., who works as EVP & COO at the company, performed a sale of 20 thousand shares in a transaction worth $410 thousand. The disposal recorded on 10/28/2019 was priced at $20.5 per share. The stock price soared 4.2 percent since the transaction. Schromm William A. currently holds a stake of 726.41 thousand in ON stock which is worth $15.01 million after the insider selling.
On December 03, 2019, ON Semiconductor Corporation (NASDAQ:ON) shares lost -3.23% or -0.69 points to close at $20.67 with a heavy trading volume of 6.353 million shares. It opened the trading session at $20.85, the shares rose to $20.98 and dropped to $20.55, the range by which the price of stock traded the whole day. The company now has a market cap of $8.71 billion and currently has 421.24 million outstanding shares. ON Semiconductor Corporation (ON) stock has plunged -1.9 percent of market value in 21 trading days.
Stock analysts at Wells Fargo, assumed coverage of shares of ON Semiconductor Corporation (NASDAQ:ON) with Market Perform recommendation, according to their opinion released on November 25.
ON stock’s trailing 3-year beta is 2.19, meaning there will be a greater rate of return, although posing a higher risk. The part of a firm’s profit given to each outstanding share of regular stock was $0.65 share in the trailing 52 weeks. The stock’s value surged 25.2 percent year to date (YTD) compared to a rise of 7.77 percent in 52 week’s period. The firm’s shares are still trading -12.19 percent below its 1-year high of $23.54 and 37.25 percent up from 52-week low of $15.06. The average consensus ranking on the company is 2.2, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a sell.
ON Semiconductor Corporation (ON) shares are trading at a P/E ratio of 27.2 times earnings posted in the trailing 12 months. The industry ON deals with has an average P/E of 23.2. Its P/B ratio is standing at 2.6X compared to the 4.5 industry average. It is additionally sporting a 1.5 on the Price-to-Sales ratio, compared to the industry’s P/S average of 4.6. ON Semiconductor Corporation has a 36.6% gross profit margin, with its operating margin around 9.1%. Alongside this, the company’s net profit margin currently stands at 5.7%.
Past records have indicated that shares in ON Semiconductor Corporation declined on 4 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings. Investors will get the next hint of ON’s Q4 earnings on February 04. Analysts are predicting revenue to suffer decline of -8.6 percent to $1.37B in the financial fourth quarter, while EPS will soar by about -39.62 percent to $0.32 per share. In the last quarter, it earnings of $0.42 per share came better than the $0.35897, adjusted, expected by Thomson Reuters consensus estimate. Revenue for the quarter was $1.38B, topping the $1.38B analysts had expected. Earnings are seen to rise by 57.7 percent this year, 7.38 percent in the coming year and the trend continues by 1.11 percent every year in the next 5 years.