In a filing, ON Semiconductor Corp. revealed its Exec VP & CFO Thad Trent unloaded Company’s shares for reported $2.76 million on Jun 11 ’24. In the deal valued at $72.55 per share,38,000 shares were sold. As a result of this transaction, Thad Trent now holds 331,829 shares worth roughly $22.49 million.
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Then, MASCARENAS PAUL ANTHONY sold 911 shares, generating $67,833 in total proceeds. Upon selling the shares at $74.46, the Director now owns 48,929 shares.
Before that, COLPITTS BERNARD RAYMOND JR sold 1,005 shares. ON Semiconductor Corp. shares valued at $97,103 were divested by the Chief Accounting Officer at a price of $96.62 per share. As a result of the transaction, COLPITTS BERNARD RAYMOND JR now holds 31,045 shares, worth roughly $2.1 million.
Jefferies initiated its ON Semiconductor Corp. [ON] rating to a Buy in a research note published on May 13, 2024; the price target was $100. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late April has reiterated a ‘”a Buy”‘ rating for it. Exane BNP Paribas also remained covering ON and has decreased its forecast on April 19, 2024 with a “an Underperform” recommendation from previously “Neutral” rating. Evercore ISI started covering the stock on April 16, 2024. It rated ON as “an Outperform”.
Price Performance Review of ON
On Monday, ON Semiconductor Corp. [NASDAQ:ON] saw its stock fall -1.07% to $67.79. Over the last five days, the stock has lost -5.81%. ON Semiconductor Corp. shares have fallen nearly -18.84% since the year began. Nevertheless, the stocks have fallen -23.79% over the past one year. While a 52-week high of $111.35 was reached on 03/07/24, a 52-week low of $59.34 was recorded on 04/22/24. SMA at 50 days reached $70.29, while 200 days put it at $76.87. A total of 4.97 million shares were traded, compared to the trading of 9.84 million shares in the previous session.
Levels Of Support And Resistance For ON Stock
The 24-hour chart illustrates a support level at 67.05, which if violated will result in even more drops to 66.32. On the upside, there is a resistance level at 68.95. A further resistance level may holdings at 70.12. The Relative Strength Index (RSI) on the 14-day chart is 39.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.92%. Stochastics %K at 7.97% indicates the stock is a buying.
The most recent change occurred on February 06, 2024 when TD Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $90.
