Today’s featured asset is ON Semiconductor Corporation. According to our AI trading strategy, a 210.99% return could have been achieved if the asset was traded between 2021-04-28 and 2023-02-15. On average, each trade was successful in making 35.16% in 120.0 days of being in the long position. A total of 6.0 positions were taken over the period. Our model suggests that ON is a STRONGBUY with a buy price target of 78.09 since 2023-11-02, with an overall accuracy of 0.68 when predicting an upwards trend in the following 2 weeks. The analyst consensus price target for ON is 89.65.
ON Semiconductor Corporation (ON) is an American manufacturer and seller of semiconductor components for various electronic devices worldwide. The company is headquartered in Phoenix, Arizona and its stock symbol is ON. ON Semiconductor Corporation has a market capitalization of $37.53 billion, EBITDA of $3.35 billion, P/E ratio of 20.69, PEG ratio of 0.901, and book value of $14.33.
ON Semiconductor Corporation has a revenue of $8.33 billion and gross profit of $4.08 billion. The company has reported diluted EPS of 4.2 and Return on Assets (TTM) of 0.162. Its trailing P/E ratio is 20.69, forward P/E ratio is 14.18, Price to Sales ratio is 3.492, Price to Book ratio is 4.913, EV/Revenue is 3.538, and EV/EBITDA is 10.48.
The company’s share price performance has been strong with the stock trading at 78.09 as of November 2, 2023. This is a 52-week high of 87.55 and a 52-week low of 44.76. It has a 50-day moving average of 69.7 and a 200-day moving average of 64.41. Analyst target price is 89.65.
Overall, ON Semiconductor Corporation has had solid performance and is well-positioned in the semiconductor industry. The company’s current share price of 78.09 is reflective of its strong financials and future prospects. Investors should consider investing in ON Semiconductor Corporation stock as a long-term investment.
Symbol: ON
AssetType: Common Stock
Name: ON Semiconductor Corporation
Description: ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. The company is headquartered in Phoenix, Arizona.
CIK: 1097864
Exchange: NASDAQ
Currency: USD
Country: USA
Sector: MANUFACTURING
Industry: SEMICONDUCTORS & RELATED DEVICES
Address: 5005 EAST MCDOWELL ROAD, PHOENIX, AZ, US
FiscalYearEnd: December
LatestQuarter: 2022-12-31
MarketCapitalization: 37529379000
EBITDA: 3354800000
PERatio: 20.69
PEGRatio: 0.901
BookValue: 14.33
DividendPerShare: 0
DividendYield: 0
EPS: 4.2
RevenuePerShareTTM: 19.22
ProfitMargin: 0.229
OperatingMarginTTM: 0.337
ReturnOnAssetsTTM: 0.162
ReturnOnEquityTTM: 0.352
RevenueTTM: 8326200000
GrossProfitTTM: 4077200000
DilutedEPSTTM: 4.2
QuarterlyEarningsGrowthYOY: 0.423
QuarterlyRevenueGrowthYOY: 0.139
AnalystTargetPrice: 89.65
TrailingPE: 20.69
ForwardPE: 14.18
PriceToSalesRatioTTM: 3.492
PriceToBookRatio: 4.913
EVToRevenue: 3.538
EVToEBITDA: 10.48
Beta: 1.757
52WeekHigh: 87.55
52WeekLow: 44.76
50DayMovingAverage: 69.7
200DayMovingAverage: 64.41
SharesOutstanding: 431968000
DividendDate: None
ExDividendDate: None
| Date | Symbol | Prediction | Model Accuracy | Price Target | Analyst Target |
|---|---|---|---|---|---|
| 2023-11-02 | ON | STRONGBUY | 0.68 | 78.09 | 89.65 |
| 2023-10-17 | ON | MEDIUMBUY | 0.68 | 92.14 | 89.65 |
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