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Options Trading Activity and Market Performance of ON Semiconductor

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 Options Trading Activity and Market Performance of ON Semiconductor

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As of September 14, 2023, ON Semiconductor has witnessed an intriguing history of options trading. Over the past three months, whales in the market have consistently targeted a price range between $80.0 and $96.0. Notably, a bullish put sweep caught attention, set to expire on November 17, 2023, with a strike price of $80.00.

This particular trade amounted to a total trade price of $379.0K, accompanied by an open interest of 3.4K. Additionally, three bearish call trades have emerged, all set to expire on January 19, 2024, with a strike price of $95.00. The total trade prices for these calls varied from $68.9K to $73.7K, while the open interests ranged between 98 and 656. Despite the options activity, as of September 14, 2023, ON Semiconductor’s price has experienced a slight decline of -0.14%, currently standing at $96.69.

The trading volume for the day has reached 2,760,993 shares, indicating a notable level of market activity. ON Semiconductor Corporation ON Strong Buy Updated on: 15/09/2023 Financial Health Very Healthy Debt to equity ratio: Buy Price to earnings ratio: Strong Buy Price to book ratio: Strong Buy DCF: Strong Buy ROE: Neutral Show more Price Target Current $93.05 Concensus $86.48 Low $0.00 Median $89.00 High $0.00 Show more Social Sentiments We did not find social sentiment data for this stock Analyst Ratings Analyst / firm Rating Tore Svanberg Stifel Nicolaus Buy Rajvindra Gill Needham Buy Tore Svanberg Stifel Nicolaus Sell Kevin Cassidy Rosenblatt Securities Buy Vijay Rakesh Mizuho Securities Sell Show more ON Stock Shows Positive Performance on September 14, 2023: Companys Earnings and Revenue Growth, Market Capitalization, and Industry Overview ON stock had a positive performance on September 14, 2023.

The stock closed at $96.83 the previous day and opened at $98.07. Throughout the day, the stock fluctuated between a low of $94.80 and a high of $98.07. The trading volume for the day was 143,731 shares. ON’s market capitalization is $42.3 billion. The company has shown strong earnings growth in the past year, with a growth rate of 85.15%.

However, this year, the earnings growth has declined by 9.06%. Looking ahead, the company is expected to have a modest earnings growth rate of 7.49% over the next five years. ON has also achieved a notable revenue growth rate of 23.54% in the past year. The P/E ratio for the stock is 22.1. The price/sales ratio is 3.36.

The price/book ratio is 6.83. On September 14, 2023, ON’s stock had a positive change of $1.78, or 2.26%. Other semiconductor companies also experienced positive changes, with MCHP (Microchip Technology) gaining $1.78, or 2.26%, STM (STMicroelectronics N) gaining $0.43, or 0.97%, and MRVL (Marvell Technology I) gaining $0.50, or 0.91%. ON’s next reporting date is scheduled for October 30, 2023.

Analysts are forecasting an EPS (earnings per share) of $1.21 for the current quarter. The company reported annual revenue of $8.3 billion and an annual profit of $1.9 billion in the previous year. The net profit margin for ON is 22.85%. ON operates in the electronic technology sector and the semiconductor industry.

The company is headquartered in Scottsdale, Arizona. ON Semiconductor Corp: Strong Performance and Positive Outlook Attract Investors ON Semiconductor Corp, a leading provider of power management and sensor solutions, has been attracting attention from investors due to its strong performance and positive outlook.

On September 14, 2023, the stock closed at a price of $96.73. However, analysts have projected a significant increase in the stock price in the next 12 months. According to data from CNN Money, the 25 analysts offering price forecasts for ON Semiconductor Corp have a median target of $122.00, with a high estimate of $135.00 and a low estimate of $100.00.

This median estimate represents a potential increase of 26.12% from the current price. The consensus among 30 polled investment analysts is to buy stock in ON Semiconductor Corp. This rating has remained steady since August, indicating a consistent positive sentiment towards the company’s future prospects. ON Semiconductor Corp is expected to release its earnings report for the current quarter on October 30.

Analysts are anticipating earnings per share of $1.21 and sales of $2.1 billion. These figures reflect the company’s strong financial performance and highlight its ability to generate revenue. Investors are likely attracted to ON Semiconductor Corp due to its position in the power management and sensor solutions industry, which is experiencing significant growth.

The company’s products are essential components in various sectors, including automotive, industrial, and consumer electronics. ON Semiconductor Corp has a solid track record of innovation and strategic partnerships, which contribute to its competitive advantage in the market. The company’s focus on developing advanced technologies and expanding its product portfolio positions it well for future growth. Additionally, ON Semiconductor Corp has a strong balance sheet and a history of delivering consistent financial results.

This stability provides investors with confidence in the company’s ability to weather market fluctuations and generate long-term value. Overall, the performance of ON Semiconductor Corp’s stock on September 14, 2023, and the positive analyst forecasts suggest that the company is well-positioned for future growth.

With a consensus “buy” rating and a projected increase in stock price, investors may see ON Semiconductor Corp as an attractive investment opportunity. However, it is essential for investors to conduct their own research and consider their individual investment goals and risk tolerance before making any investment decisions.

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