ON Semiconductor Corporation (NASDAQ:ON) currently has a daily average trading volume of 6.93M but it saw 7234057 shares traded on Thursday. With a market cap of 36.12B USD, stock’s current market price of $80.50 came rising about 3.21 while comparing to the previous closing price of $78.00. In past 52 weeks, the stock remained buoying in the range of price level as high as $87.55 and as low as $44.76. In the recent trading on the day, stock has struck highest price mark of $80.85 while lowest mark touched by it was $77.00.
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Taking a look at 20-day trading activity of ON Semiconductor Corporation (ON) gives us an average price of $79.20, while its current price level is -8.05% below from 52-week high level whereas it is 79.85% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $75.51 while that of 200 days or SMA-200 reads an average of $67.08. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.83% during that period while stretching the period over a month that decreases to 3.86%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 53.47 which implies that the stock is in neutral territory.
Over the week, ON’s stock price is moving -1.12% down while it is -7.34% when we observe its performance for the past one month. Year-to-date it is 29.07% up and over the past year, the stock is showing an upside performance of 42.08%.
The latest quarterly earnings report issued by the company was for quarter ended 12/30/2022, when its quarterly earnings per share (EPS) of $1.32 beat the consensus estimate of $1.27 for the same. The company is expected to be releasing its next quarterly report in 04/26/2023, for which analysts forecasted an EPS of $1.09 while estimate for next year EPS is $4.41. For ON, analysts are forecasting an EPS-growth rate of -17.30% for current year and estimate for EPS growth in next year is 16.30%. In next quarter, company is expected to be making quarterly sales of $1.93 billion as analysts are expecting the sales for current fiscal year at $7.9 billion and seeing the company making $8.55 billion in sales next year. Moreover, analysts are in estimates of $1.93 billion for current-quarter revenue.
Currently, ON Semiconductor Corporation’s total number of outstanding shares is 432.30M with 0.42% of that held by the insiders while 104.62% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 20.80% and return on equity (ROE) at 34.20%. It has a price to earnings ratio (P/E ratio) of 18.94 while having a 15.64 of forward P/E ratio. Stock’s beta reads 1.75. Stock has a price to book (P/B) ratio of 5.62 while price to sale or P/S ratio amounts to 4.34. Its return on asset (ROA) is 17.30% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Vanguard Total Stock Market Index came shrinking its share ownership by 0.81% in the ON Semiconductor Corporation (ON) increasing its stake to 3.07% with control over 0.11 million shares in the company. In the most recent quarter, Vanguard Mid Cap Index Fund came rising its stake by 0.16% in the company and now holds 10.08 million or 2.34% of the company’s stake having worth of about 780.63 million.
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