For its third fiscal quarter (ending September 30), ON Semiconductor Corp (NASDAQ: ON) has reported a -30% decline in E.P.S. from $1.35 a year ago to $0.94 in the current quarter. For the latest four quarters through September 30, E.P.S. were $4.10 versus $5.16 for the same period a year ago — a decline of -21%.
Recent Price Action
ON Semiconductor Corp (NASDAQ: ON) stock closed at $72.24 on 10/28/24 after an increase of 1.4%. Moreover, trading volume in this advance was exceptionally high at 275% of normal. The stock has performed in line with the market over the last nine months and has risen 5.5% during the last week.
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 C (Low Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. ON Semiconductor has a neutral Appreciation Score of 53 and a neutral Power Rating of 45, producing the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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