ON Semiconductor Corp (NASDAQ: ON) has reported earnings for its second fiscal quarter (ending June 30) of $0.79 versus $1.34 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $4.51 versus $4.52 for the same period a year ago.
Recent Price Action
ON Semiconductor Corp (NASDAQ: ON) stock closed at $78.27 on 7/29/24 after a major increase of 11.5%. Moreover, this advance was accompanied by exceptionally high trading volume at 363% of normal. The stock has risen 7.9% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, ON is expected to continue to be a major Value Builder.
ON Semiconductor has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. ON Semiconductor has a neutral Appreciation Score of 52 but a poor Power Rating of 28, resulting in the Negative Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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