Is Wall Street Short In ON Semiconductor Corporation (ON) Stock

ON Semiconductor Corporation (ON), a Semiconductors corporation, was a active mover in the prior market session. ON Semiconductor Corporation (ON) shares started the day for trading at $15.70 and closed the day at $14.95 with declining move of -4.53%. This decrease move lagged the S&P 500’s -2.05% lose on the prior market day.

ON Semiconductor Corporation (ON) is focused on the Semiconductors sector. This stock market sector has seen some volatility from day traders in recent months. Bullish day traders of ON Semiconductor Corporation (ON) will be looking for positive upcoming earnings whereas bearish day traders of ON Semiconductor Corporation (ON) will be looking for negative earnings. The last time ON Semiconductor Corporation (ON) had an earnings surprise was on Qtr Ending 03/20 when they reported $0.10 compared to an estimate of $0.15 which was a difference of -$0.05 resulting in a change of -33.33%. Current earnings estimates are to be released for Current Qtr 06/2020 on ON Semiconductor Corporation (ON) and out of 10 Wall Street estimates the average is saying $0.17. The high estimate is saying $0.28 whereas the low estimate is saying $0.01 and the prior year ON Semiconductor Corporation (ON) announced earnings at $0.42 a growth rate est. (year over year) of -59.52%.

The market performance of ON Semiconductor Corporation (ON) has varied recently. Year to date ON Semiconductor Corporation (ON)’s shares are down -35.77%. Over the past 12 weeks ON Semiconductor Corporation (ON) is down -26.96% and over the last 4 weeks ON Semiconductor Corporation (ON) is up 10.20%. ON Semiconductor Corporation (ON) current income statement shows revenue (ttm) of $5.52B. Gross Profit is $1.99B. This puts the current EBITDA of ON Semiconductor Corporation (ON) at $1.23B.

Wall street day traders might also notice recent changes to stock analyst estimates for ON Semiconductor Corporation (ON). The stock is trading with an RSI (relative strength index) of 50.02 indicating ON Semiconductor Corporation (ON) is neither overbought nor oversold. Technically, ON’s short term support levels are around $14.51, $13.98 and $13.01 on the downside. ONs short term resistance levels are $23.50, $22.70 and $22.24 on the upside. The market cap of ON Semiconductor Corporation (ON) is $6.121B and institutions hold 103.53% of the stock. The outstanding share count stands at 410.60M while the short float (shares short) stands at 5.52%.

Market research shows that these earning estimate changes look to be directly correlated with short-term shares prices. The day traders can look to capitalize on the basis of ranking. Based on technical analysis, ON has short term rating of Neutral (0.23), Intermediate rating of Neutral (0.23) and the long-term rating of Neutral (0.03) giving it an overall rating of Neutral (0.16).

The EPS growth this year on ON Semiconductor Corporation (ON) is decreased -61.70% and is expected to increase 66.22% next year. However, quarterly earnings (EPS) growth year over year on ON Semiconductor Corporation (ON) has decreased by -51.70% and quarterly revenue (Sales) growth year over year stands at -6.70%. Gross margin is detected at 35.80% that represents the percent of total sales revenue that the company retains after direct cost of goods sold. Net profit margin (ttm) is 3.80% while return on equity (ttm) is 6.50%.

Recent Developments:

2020-05-09 – On Semiconductor Reports First Quarter 2020 Results.
2020-04-09 – On Semiconductor Says As Part Of Co’s Ongoing Efforts To Reduce Costs, Determined To Implement Certain Employee Terminations During H1 2020.
2020-03-06 – ON Semiconductor Updates First Quarter 2020 Revenue Outlook.
2020-02-03 – On Semiconductor Reports Q4 Earnings Per Share $0.14.
2019-12-03 – ON Semiconductor Corporation Presents at Nasdaq 41st London Investor Conference, Dec-03-2019 08:45 AM.

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