Stock Rating Update on the Shares of On Semiconductor

Stock Rating Update on the Shares of On Semiconductor

On Semiconductor (NASDAQ:ON) shares traded 4.05% up during most recent session to reach at the closing price of $15.94. The stock exchanged hands 7.97 Million shares versus average trading capacity of 6.7 Million shares, yielding a market cap of $6.71 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $18.02 within the next 52-weeks. The mean target projections are based on 20 opinions.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have On Semiconductor (NASDAQ:ON) high price target of $22 and with a conservative view have low price target of $13.5.

Credit Suisse “Downgrades” On Semiconductor (NASDAQ:ON) in a research note issued to investors on 4/11/17 to Underperform with price target of $13.5.

Additionally on 1/04/17 Goldman Sachs “Upgrades” On Semiconductor (NASDAQ:ON) to Buy setting price target at $0 and on 12/13/16 Loop Capital “Initiates Coverage On” the stock to Buy at $16. Furthermore on 10/26/16 Goldman Sachs “Reinstates” the stock to Neutral.

On the other hand the company has Relative Strength Index (RSI 14) of 66.47 along with Average True Range (ATR 14) of 0.47, Consequently On Semiconductor (NASDAQ:ON)’s weekly and monthly volatility is 2.95%, 3.04% respectively. The company’s beta value is at 1.92.

In terms of Buy, Sell or Hold recommendations, On Semiconductor (NASDAQ:ON) has analysts’ mean recommendation of 2. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

According to analysts On Semiconductor (NASDAQ:ON)’s minimum EPS for the current quarter is at $0.31 and can go high up to $0.35. The consensus mean EPS for the current quarter is at $0.32 derived from a total of 19 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.21 earnings per share for the same quarter during last year.

Previously On Semiconductor (NASDAQ:ON) reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. The company posted an earnings surprise of 8%.

While considering growth estimates of the company, it has next quarter growth estimates of 50% whereas during current quarter it has 52.4% estimations over growth, comparing to the estimations of 40.7% during current year and 17.2% for next year. Past 5 years growth of On Semiconductor (NASDAQ:ON) observed at 18.15%, looking forward for the next 5 years it has a strong prediction of 25% over growth.

On Semiconductor (NASDAQ:ON)’s revenue estimates for the current quarter are $1.31 Billion according to 16 number of analysts, for the current quarter the company has high revenue estimates of $1.32 Billion in contradiction of low revenue estimates of $1.31 Billion. For the current year the company’s revenue estimates are $5.24 Billion compared to low analyst estimates of $5.1 Billion and high estimates of $5.32 Billion according to 17 number of analysts.

Currently On Semiconductor (NASDAQ:ON)’s shares owned by insiders are 1.4%, whereas shares owned by institutional owners are 0%. However the six-month change in the insider ownership was recorded -16.75%, as well as three-month change in the institutional ownership was recorded -4.62%.

On Semiconductor (NASDAQ:ON) 52-week high price stands at $16.06 and low price stands at $8.11, its price distance from 52-week high is -0.75% while its distance from 52-week low price is 96.55%. The stock hit its 52-week high on 02/22/17, and 52-week low on 07/06/16.

On Semiconductor (NASDAQ:ON)’s trailing twelve month revenues are $4.53 Billion, whereas its price to sales ratio for the same period is 1.49. Its book value per share for the most recent quarter is $4.71 while its price to book ratio for the same period is 3.38, as for as the company’s cash per share for the most recent quarter is $0, however its price to cash per share ratio for the same period is 0. The stock has 5 year expected PEG ratio of 1.21 whereas its trailing twelve month P/E ratio is 30.25.