ON Semiconductor Corporation (ON): Fundamentals Forecast Still Positive

Wall Street analysts will be watching closely when ON Semiconductor Corporation (NASDAQ:ON) reports its quarterly earnings next, which is scheduled for Mon 29 Apr (In 13 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $0.44 per share. In the preceding quarter, the company reportedly generated EPS of $0.53 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 14.40%, a profit margin of 10.70% and a gross margin of 38.10%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of ON Semiconductor Corporation (NASDAQ:ON). Most recently, on March 27th, 2019, Goldman Upgrade a Buy rating. Before that, on March 11th, 2019, B. Riley FBR Reiterated to Buy. Cowen Initiated a Outperform rating on February 22nd, 2019, Craig Hallum Reiterated an Buy rating on October 30th, 2018, and KeyBanc Capital Mkts Initiated a Sector Weight rating on September 25th, 2018.

At its current price point, combined with the fact that this company has 416.90M shares outstanding, the current market capitalization sits at 9.48B. In the last trading day, 5,179,537 shares of ON Semiconductor Corporation were traded, which compares to its usual volume of about 6.75M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $0.10 in the past five trading days, resulting in a percentage change of +0.44% and a moving average of 22.75. In the past 20 days, its price changed by $0.73 (which is +3.32%) and the stock’s moving average was 21.93. Looking back a full 50 days, shares of ON changed by $1.15 (which is +5.33%) and demonstrated a moving average of 22.13.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 58.81%, a 14-day Stochastic %K score of 82.12% and a 20-day Stochastic %K score of 81.31%. Using a similar metric, ON Semiconductor Corporation (ON) shares showed a Stochastic %D of 71.66% over the past 9 days, a Stochastic %D score of 85.76% over the last 14 days, and a 20-day Stochastic %D of 82.93%. Meanwhile, this stock’s MACD Oscillator was -0.06 over the past 9 days, 0.48 over the past two weeks, and 0.74 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $22.74 level. Over the past 12 months, this stock has experienced a high price of $26.38 and a low of $14.55. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

The Vanguard Group Inc sold more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from ON Semiconductor Corporation (NASDAQ:ON) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 40,690,506 shares of the company’s stock following the subtraction of -2,023,787 to this investor’s holdings during the three-month period. This share count represents that The Vanguard Group Inc now held 9.93% stake in ON Semiconductor Corporation (ON)’s shares.

Just in the most recent trading day, ON Semiconductor Corporation (NASDAQ:ON) experienced a high price of $22.99 and low point of $22.53. At the end of the last trading session, this stock was at 22.74 per share, following a loss of -$22.44, or 1.34% during the full day.