ON Semiconductor Corp.’s recently made public that its CEO & President El-Khoury Hassane unloaded Company’s shares for reported $0.11 million on Sep 16 ’24. In the deal valued at $70.80 per share,1,500 shares were sold. As a result of this transaction, El-Khoury Hassane now holds 840,620 shares worth roughly $59.76 million.
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Then, EL-KHOURY LIVING TRUST U/T/A D bought 4,500 shares, generating $322,740 in total proceeds.
Before that, KEETON SIMON sold 30,939 shares. ON Semiconductor Corp. shares valued at $2,411,345 were divested by the Group President, PSG at a price of $77.94 per share. As a result of the transaction, KEETON SIMON now holds 231,092 shares, worth roughly $16.43 million.
TD Cowen reiterated its ON Semiconductor Corp. [ON] rating to a Buy in a research note published on July 30, 2024; the price target was $90. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in mid July from “a Buy” to “a Neutral”. Morgan Stanley also remained covering ON and has decreased its forecast on July 11, 2024 with a “an Underweight” recommendation from previously “an Equal-weight” rating. Jefferies started covering the stock on May 13, 2024. It rated ON as “a Buy”.
Price Performance Review of ON
On Monday, ON Semiconductor Corp. [NASDAQ:ON] saw its stock fall -0.63% to $71.09. Over the last five days, the stock has lost -2.09%. ON Semiconductor Corp. shares have fallen nearly -14.89% since the year began. Nevertheless, the stocks have fallen -19.37% over the past one year. While a 52-week high of $95.59 was reached on 03/07/24, a 52-week low of $59.34 was recorded on 04/22/24. SMA at 50 days reached $72.26, while 200 days put it at $73.46.
Levels Of Support And Resistance For ON Stock
The 24-hour chart illustrates a support level at 70.34, which if violated will result in even more drops to 69.58. On the upside, there is a resistance level at 71.55. A further resistance level may holdings at 72.00. The Relative Strength Index (RSI) on the 14-day chart is 48.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.95%. Stochastics %K at 34.67% indicates the stock is a holding.
How much short interest is there in ON Semiconductor Corp.?
A steep rise in short interest was recorded in ON Semiconductor Corp. stocks on 2024-09-13, growing by 0.48 million shares to a total of 24.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 24.01 million shares. There was a rise of 1.95%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on April 30, 2024 when TD Cowen resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $85.
