Morgan Stanley raised the price target for the ON Semiconductor Corporation (NASDAQ:ON) stock from “an Underweight” to “an Equal-weight”. The rating was released on August 03, 2021. We previously noted in another research note published on May 04, 2021 by Robert W. Baird that upgraded the stock from a Neutral to an Outperform with a price target of $48 for ON stock. The research report from BofA Securities has upgraded the stock from Underperform to Buy, with a price target set at $48. In their research brief published February 02, 2021, Needham analysts reiterated the ON Semiconductor Corporation stock to Strong Buy with a price target of $45.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of ON Semiconductor Corporation (NASDAQ:ON) dipped -2.25% to close Tuesday’s market session at $44.39, lower as compared to yesterday’s close. The stock price fluctuated between $44.1336 and $45.50 throughout the trading session with the volume trading being 5618541 shares, which represented a significant variation when compared to the three months average volume of 5.82 million shares. The firm’s stock price fluctuated -2.18% within the last five trades and 15.48% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 9.31% in the last 6 months and 19.42% was added to its value over the previous 3 months. ON stock is trading at a margin of 13.26%, 15.66% and 22.06% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, ON deals in the Technology domain. The stock is trading -4.10 percent below its 52-week high and 124.76 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 93.09. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does ON Semiconductor Corporation’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 11.30 percent and the profit margin is 8.90 percent, and the company has reported a gross margin of 35.50 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $18.92 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for ON Semiconductor Corporation (NASDAQ:ON) is 36.78. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 16.18. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 3.20 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 5.02, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.30 percent of ON Semiconductor Corporation shares are owned by insiders, and 96.40 percent are held by financial institutions. KEETON SIMON, the EVP & GM, PSG at ON Semiconductor Corporation (ON) has sold 4,300 shares of firm on Aug 03 at a price of $43.74 against the total amount of $0.19 million. In another inside trade, HOPKIN VINCE CRAIG, EVP & GM, ASG of ON Semiconductor Corporation (NASDAQ:ON) sold 4,000 shares of the firm on Aug 02 for a total worth of $0.17 million at a price of $42.94. An inside trade which took place on Aug 02, Chief Accounting Officer of ON Semiconductor Corporation COLPITTS BERNARD RAYMOND JR sold 490 shares of firm against total price of $21041.0 at the cost of $42.94 per share.