ON stock: buy or sell?
September 20th, 2019
ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. It operates through three segments: Power Solutions Group, Analog Solutions Group, and Image Sensor Group.
Should I buy ON stock?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Having a trading plan helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
Currently, ON Semiconductor stock doesn't match any of these trading strategies, so our recommendation is not to buy.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is ON Semiconductor stock a buy?
Financial institutions and banks post stock ratings everyday.At Stocks2.com, we detected 15 ratings published for ON stock in the last 30 days. The general sentiment of these ratings is bullish for ON stock, with 13 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-8-19||Raymond James||Market Perform||Strong-Buy|
|2019-4-30||Jefferies Financial Group||Hold||Buy|
|2019-3-4||BMO Capital Markets||Market Perform||Outperform|
|2019-3-27||Goldman Sachs Group||Neutral||Buy|
|2019-3-11||Robert W. Baird||n/a||Hold|
|2019-3-11||Needham & Company LLC||n/a||Buy|
|2019-2-4||Robert W. Baird||n/a||Buy|
ON stock analysis
ON Semiconductor slightly fell an unpleasant -1.23% and closed at $19.32.
ON ended today at $19.32 and slightly fell an unpleasant -1.23%. Since price and SMA200d lines crossed down on Tuesday, ON fell $-0.67 per share (-3.35%). From a daily outlook perspective, ON is drawing an uptrend of rising tops and rising bottoms. Since its last top on Sep 13th at $20.44, price slid and bounced up back from $19.24. Breaking down under $19.24 would cancel the current uptrend and it might slide further to test lower supports. Note that $20.44 might act as a resistance line. If ON breakouts over $20.44 with average or higher volume, this would be a clear signal that the uptrend resumes.
After boosting a super good 7.70% in a week last week, ON closed this week at $19.32 and fell a terrible -3.98%. Early August ON plummed a hair-raising -16.98% in just one week. This week broke a streak of 4 green weeks.
The downtrend marked by ON has left successive declining peaks and bottoms. There is a chance to rebound and reverse this situation if price can hold above the level.
ON stock price history
ON stock went public on May 2nd, 2000 with a price of $24.881. Since then, ON stock declined a -22.30%, with a yearly average of -1.20%.
1: Adjusted price after possible price splits or reverse-splits.
ON stock historical price chart
ON stock reached 52-week highs on May at $23.54, and all-time highs 2018-03-13 with a price of 27.1.
ON stock price target is $25.50Nobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. You should not follow the analysts' ON stock price predictions in the hope that they will be met as they may be wrong and not met. We detected 11 price forecasts for ON stock published in the last month:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-8-6||Loop Capital||Lowers Target||n/a||$23.00||-|
|2019-3-4||BMO Capital Markets||Upgrades||$20.00||$30.00||50%|
|2019-3-27||Goldman Sachs Group||Upgrades||$22.00||$26.00||18.2%|
|2019-3-11||Robert W. Baird||Reiterates||n/a||$25.00||-|
|2019-3-11||Needham & Company LLC||Reiterates||n/a||$27.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareSince April, when ON published its last earnings report, it . Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, ON annual revenues rose a pretty good 6.05% to $5,878.30 million USD from $5,543.10 marked in 2017. When comparing 2018 vs 2017, by contrast, profit margin (that is, the net income divided by revenues) declined a -3.95% to 10.67%. To have an up to date view of the financial situation of ON Semiconductor, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual ON Semiconductor TTM sales up to March 2019 were $5,887.30 and earnings were $601.90 million USD. When comparing this TTM figures with the last reported annuality, we can review ON business evolution since December 2018: Annual turnover up to March, compared to lastest yearly report, remained constant a neutral 0.15%. Regarding profit margin, ON Semiconductor stayed steady -0.45% to 10.67%
|2013||$2,780 M||-||$151 M5.4%||-|
|2014||$3,162 M||13.73%||$190 M6.0%||25.80%|
|2015||$3,496 M||10.56%||$206 M5.9%||8.70%|
|2016||$3,907 M||11.76%||$182 M4.7%||-11.69%|
|2017||$5,543 M||41.88%||$811 M14.6%||345.19%|
|2018||$5,878 M||6.05%||$627 M10.7%||-22.61%|
|TTM||$5,887 M||0.15%||$602 M10.2%||-4.06%|
Quarterly financial resultsON Semiconductor posted $1,386.60 M in revenues for 2019-Q1, a -7.75% decline compared to previous quarter. Reported quarter income marked $114.10 M with a profit margin of 8.23%. Profit margin depreciated a -2.79% compared to previous quarter when profit margin was 11.02%. When comparing turnover to same quarter last year, ON sales marked a slightly good movement and stayed steady a 0.65%. Looking back to recent quarterly results, ON posted 2 negative quarters in a row.
|2017-Q2||$1,340 M||-||$94 M7.0%||-|
|2017-Q3||$1,391 M||3.80%||$109 M7.8%||15.76%|
|2017-Q4||$1,378 M||-0.96%||$530 M38.5%||387.49%|
|2018-Q1||$1,378 M||0.01%||$140 M10.1%||-73.66%|
|2018-Q2||$1,456 M||5.68%||$155 M10.7%||11.25%|
|2018-Q3||$1,542 M||5.89%||$167 M10.8%||7.47%|
|2018-Q4||$1,503 M||-2.50%||$166 M11.0%||-0.78%|
|2019-Q1||$1,387 M||-7.75%||$114 M8.2%||-31.10%|
ON ownershipWhen you are planning to invest in shares of a company, it's worth to review its ownership structure.
ON shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 1.26% of all shares.
Bearish positions for ON stock account 0.00%, no big difference from last month.
For a better context understanding, the following table shows ownership data compared to other related companies:
|Market cap||$7.9 B||$42.8 B||$2.0 B||$15.9 B||$3.2 B|
|Total shares||410.5 M||369.4 M||51.0 M||271.3 M||66.5 M|
|Float shares||402.6 M||367.9 M||40.9 M||269.2 M||65.4 M|
|- Institutional holdings (%)||98.3%||92.5%||83.3%||100.0%||100.0%|
|- Insider holdings (%)||1.3%||0.3%||20.3%||0.7%||2.1%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, September 20th, 2019|
|Day range||$19.13 - $19.75|
|Average true range||$0.64|
|50d mov avg||$19.15|
|100d mov avg||$19.45|
|200d mov avg||$19.91|
ON performanceTo measure stock performance is always good to benchmark with competitors or related stocks. We picked Analog Devices, Diodes, Maxim Integrated Products, Semtech, STMicroelectronics, Texas Instruments and Vishay Intertechnology as the bechmarking frame for ON stock.
|MXIMMaxim Integrated ...||1.04%||9.84%||1.72%|
ON competitorsWe selected a few stocks to conform a list of ON competitors to watch if you are interested in investing in ON:
- Analog Devices (ADI)
- Diodes (DIOD)
- Maxim Integrated Products (MXIM)
- Semtech (SMTC)
- STMicroelectronics (STM)
- Texas Instruments (TXN)
- Vishay Intertechnology (VSH)
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