Delfassy Gilles sold 2,000 shares in ON Semiconductor Corporation (NASDAQ:ON) for $37,869 in transaction occurred on 2018/12/14. After making this transaction, the Director owns a direct stake of 34,200 shares, worth $700,198, as per the last closing price. On 2018/12/10 Colpitts Bernard Raymond Jr, Chief Accounting Officer at ON, dumped 920 shares at an average price of $17.37 per share. The selling total is valued at $320,487.
Separately, it had been reported that some other ON insiders also took part of the insider trading activity. Exec VP Sales & Marketing, Rolls Paul E had divested 31,487 shares for $310,299 through a trade on 2018/12/03. Following this activity, the insider holds 629,740 shares worth $5,737,429 as of recent close. Wall Street’s most bullish ON Semiconductor Corporation (NASDAQ:ON) analysts are predicting the share price to blow past $29 per share during the next 12 months. The current median share price forecast by them is $22, suggesting that the stock could increase 18.98% in that time frame. The average price target of $22.13 calls for a nearly 19.69% increase in the stock price.
ON Semiconductor Corporation (ON) trading activity significantly improved as the volume at ready counter increased to 9,982,211 shares versus 6,734,670 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 8,288,774 shares. The share price rose 3.35% in recent trade and currently has a stock-market value of $7.87B. The shares finished at $18.49, after trading as low as $17.87 earlier in the session. It hit an intraday high Friday at $18.985. The stock is now 27.08% above against its bear-market low of $14.55 on October 26, 2018. It has retreated -46.57% since it’s 52-week high of $27.1 reached in March. Now the market price is down -18.33% on the year and up 11.99% YTD.
ON’s 50 day simple moving average (SMA 50) price is $17.55 and its 200-day simple moving average (SMA 200) price is $20.84. The company’s stock currently has a total float of 415.61M shares. Its weekly volatility is hovering around 5.68% and felt 5.03% volatility in price over a month. On the upside, the share price will test short term resistance at around $19.03. On a downside, the stock is likely to find some support, which begins at $17.91. The failure to get near-term support could push it to $17.33.
It had seen a change in price target from analysts at Craig Hallum, who reiterated the stock at Buy on October 30 but moved PT from $31 to $25. Analysts at KeyBanc Capital Mkts, started covering the stock on September 25 with a Sector Weight rating. The stock lost favor of Raymond James analysts who expressed their lack of confidence in it using a downgrade from Outperform to Mkt Perform on September 25.
When looking at valuations, ON Semiconductor Corporation (ON) has a pricey P/E of 15.01x as compared to industry average of 7.69x. Moreover, it trades for 9.74 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 2.48x price/book and 1.37x price/sales. Compared to others, ON Semiconductor Corporation is in a different league with regards to profitability, having net margins of 17.2%. To put some perspective around this, the industry’s average net margin is 21.22%. ON’s ROE is 33.2%, which is also considerably better than the industry’s ROE of 9.21%. It’s also very liquid in the near term, with a current ratio of 2.4. The stock has a debt/capital of 0.85.
ON last reported earnings on October 28, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.57 per share, -95.56% change on the same period last year. That was better than consensus for $0.51. Revenue for the recent quarter stood at $1.54 billion, up 11% on last year and above the $1.51 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $1.42 billion to $1.49 billion, which should be compared with $1.38 billion generated last year. EPS is seen in a range of $0.4 to $0.5, against the $0.45 reported a year ago.