Is ON Semiconductor Corp. (NASDAQ: ON) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that onsemi Reports Fourth Quarter and Full Year 2023 Earnings.

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Stocks Info

ON Semiconductor Corp. is listed on the NASDAQ in the Technology sector while operating in the Semiconductors industry. At the end of the last regular session, the stock closed at $80.71 and fluctuated between $80.91 as its day high and $77.13 as its day low. The current market capitalization of ON Semiconductor Corp. is $34.49B. A total of 8.99 million shares were traded on the day, compared to an average of 7.28M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, ON has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 17 BUYs and 45 SELLs from insiders. Insiders purchased 277,127 shares during that period but sold 288,702.

In the most recent transaction, COLPITTS BERNARD RAYMOND JR sold 1,005 shares of ON for 96.62 per share on Sep 12. After the transaction, the Chief Accounting Officer now owns 31,045 company shares. In a previous transaction on Sep 11, COLPITTS BERNARD RAYMOND JR sold 2,795 shares at 99.18 per share. ON shares that Chief Accounting Officer owns now total 32,050.

Among the insiders who sold shares, Yan Christine Y disposed of 3,624 shares on Aug 17 at a per-share price of $92.16. This resulted in the Director holding 38,532 shares of ON after the transaction. In another insider transaction, KEETON SIMON sold 9,923 shares at $109.74 per share on Jul 31. Company shares held by the EVP & GM, PSG now total 175,616.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for ON in the last 3 months, the mean price target is $88.60 with high estimates of $115.00 and low estimates of $60.00. In terms of 52-week highs and lows, ON has a high of $111.35 and a low of $61.47.

As of this writing, ON has an earnings estimate of $1.05 per share for the current quarter. EPS was calculated based on a consensus of 27 estimates, with a high estimate of $1.13 per share and a lower estimate of $0.97. The company reported an EPS of $1.39 in the last quarter, which was 3.70% higher than expectations of $1.34.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. ON’s latest balance sheet shows that the firm has $1.35B in Cash & Short Term Investments as of fiscal 2021. There were $3.10B in debt and $1.54B in liabilities at the time. Its Book Value Per Share was $18.25, while its Total Shareholder’s Equity was $4.60B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ON is Buy with a score of 4.07.

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