Let’s look at the key reasons that are pushing ON Semiconductor Corp (ON) to new highs

ON Semiconductor Corp (NASDAQ: ON) on Friday, plunged -1.71% from the previous trading day, before settling in for the closing price of $67.11. Within the past 52 weeks, ON’s price has moved between $59.34 and $86.77.

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Technology Sector giant saw their annual sales surged by 8.00% over the last five years. The company achieved an average annual earnings per share of -22.36%. With a float of $423.06 million, this company’s outstanding shares have now reached $425.65 million.

The firm has a total of 30100 workers. Let’s measure their productivity. In terms of profitability, gross margin is 45.46%, operating margin of 27.73%, and the pretax margin is 27.19%.

ON Semiconductor Corp (ON) Breakdown of a Key Holders of the stock

Observing investor behavior towards Semiconductors industry stocks is more important than anything else. The insider ownership of ON Semiconductor Corp is 0.64%, while institutional ownership is 100.96%. The most recent insider transaction that took place on Nov 25 ’24, was worth 106,500. In this transaction CEO & President of this company sold 1,500 shares at a rate of $71.00, taking the stock ownership to the 837,710 shares. Before that another transaction happened on Oct 15 ’24, when Company’s CEO & President sold 1,500 for $72.71, making the entire transaction worth $109,065. This insider now owns 839,210 shares in total.

ON Semiconductor Corp (ON) Recent Fiscal highlights

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.94 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -22.36% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.69% during the next five years compared to 27.71% growth over the previous five years of trading.

ON Semiconductor Corp (NASDAQ: ON) Trading Performance Indicators

ON Semiconductor Corp (ON) is currently performing well based on its current performance indicators. A quick ratio of 2.02 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.74. Likewise, its price to free cash flow for the trailing twelve months is 27.54.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.03, a number that is poised to hit 0.98 in the next quarter and is forecasted to reach 4.31 in one year’s time.

Technical Analysis of ON Semiconductor Corp (ON)

Analysing the last 5-days average volume posted by the [ON Semiconductor Corp, ON], we can find that recorded value of 5.31 million was lower than the volume posted last year of 6.68 million. As of the previous 9 days, the stock’s Stochastic %D was 21.64%. Additionally, its Average True Range was 2.57.

During the past 100 days, ON Semiconductor Corp’s (ON) raw stochastic average was set at 10.41%, which indicates a significant decrease from 11.93% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 46.22% in the past 14 days, which was lower than the 51.15% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $69.48, while its 200-day Moving Average is $71.54. Now, the first resistance to watch is $67.01. This is followed by the second major resistance level at $68.07. The third major resistance level sits at $69.17. If the price goes on to break the first support level at $64.85, it is likely to go to the next support level at $63.75. Now, if the price goes above the second support level, the third support stands at $62.69.

ON Semiconductor Corp (NASDAQ: ON) Key Stats

Market capitalization of the company is 27.60 billion based on 425,797K outstanding shares. Right now, sales total 8,253 M and income totals 2,184 M. The company made 1,762 M in profit during its latest quarter, and 401,700 K in sales during its previous quarter.