ON Semiconductor Corp. (NASDAQ:ON) traded at $68.06 at close of the session on Friday, April 26, made an upward move of 2.53% on its previous day’s price.
Looking at the stock we see that its previous close was $66.38 . The company has a trailing 12-month PE ratio of 13.92. In terms of its 52-week price range, ON has a high of $111.35 and a low of $59.34. The company’s stock has lost about -9.99% over that past 30 days.
ON Semiconductor Corp. has a market cap of $29.08 billion. Estimates by analysts give the company expected earnings per share (EPS) of $1.04, with the EPS growth for the year raised at $4.27 for 2024 and $5.1 for next year. These figures represent -17.20% and 19.40% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $1.85 billion, with a low of $1.8 billion and a high of $1.92 billion. The median projection represents growth adding up to -3.80% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $7.5 billion, or -9.10% down from figures reported last year.
On the other hand, looking at the outlook for the ON stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note that the PEG ratio for the ON stock currently stands at 3.02, and the current price level is 1.14% off its SMA20 and -7.43% from its 50-day simple moving average. The RSI (14) is pointing at 49.21 while the volatility over the past week is 3.58% and jumps to 3.27% over the past one month. The beta value is 1.80, while the average true range (ATR) is currently pointing at 2.66.
Coming back to ON Semiconductor Corp. (NASDAQ:ON), we note that the average 3-month trading volume was 7.05 million. Current shares outstanding are 426.39 million.
The insiders hold 0.72% of the company’s shares while institutions hold 100.02%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -18.52% down in year-to-date price movement.
