ON Semiconductor Corporation (NASDAQ:ON) previous close was $37.45 while the outstanding shares total 427.01M. The firm has a beta of 1.90, a 12-month trailing P/E ratio of 46.62, and a growth ratio of 4.69. ON’s shares traded lower over the last trading session, losing -1.90% on 05/17/21. The shares fell to a low of $36.67 before closing at $36.74. Intraday shares traded counted 4.97 million, which was 27.33% higher than its 30-day average trading volume of 6.84M. The stock’s Relative Strength Index (RSI) is 40.70, with weekly volatility at 4.82% and ATR at 1.57. The ON stock’s 52-week price range has touched low of $13.98 and a $44.59 high.
Investors have identified the Semiconductors company ON Semiconductor Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $15.30 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
ON Semiconductor Corporation (ON) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For ON, the company has in raw cash 1.04 billion on their books with 536.7 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 3.19 billion total, with 1.73 billion as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 2.29 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on ON sounds very interesting.
Is the stock of ON attractive?
In related news, EVP, Gen Cnsl, CCO, & Sec, CAVE GEORGE H sold 9,000 shares of the company’s stock in a transaction that recorded on May 04. The sale was performed at an average price of 37.70, for a total value of 339,325. As the sale deal closes, the EVP, Gen Cnsl, CCO, & Sec, CAVE GEORGE H now sold 8,987 shares of the company’s stock, valued at 380,842. Also, Exec VP Sales & Marketing, Rolls Paul E sold 29,261 shares of the company’s stock in a deal that was recorded on Apr 09. The shares were price at an average price of 42.58 per share, with a total market value of 1,245,860. Following this completion of acquisition, the EVP & GM, ASG, HOPKIN VINCE CRAIG now holds 1,000 shares of the company’s stock, valued at 39,260. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.20%.
16 out of 26 analysts covering the stock have rated it a Buy, while 6 have maintained a Hold recommendation on ON Semiconductor Corporation. 2 analysts has assigned a Sell rating on the ON stock. The 12-month mean consensus price target for the company’s shares has been set at $43.70.