ON Semiconductor Corp’s filing revealed that its Group President, PSG KEETON SIMON unloaded Company’s shares for reported $1.92 million on Dec 17 ’24. In the deal valued at $68.56 per share,28,000 shares were sold. As a result of this transaction, KEETON SIMON now holds 203,182 shares worth roughly $10.96 million.
Then, GOPALSWAMY SUDHIR sold 21,082 shares, generating $1,426,041 in total proceeds. Upon selling the shares at $67.64, the Group President, AMG & ISG now owns 94,774 shares.
Before that, El-Khoury Hassane sold 1,500 shares. ON Semiconductor Corp shares valued at $105,000 were divested by the CEO & President at a price of $70.00 per share. As a result of the transaction, El-Khoury Hassane now holds 836,210 shares, worth roughly $45.11 million.
Truist downgraded its ON Semiconductor Corp [ON] rating to a Hold from a a Buy in a research note published on January 10, 2025; the price target was decreased to $60 from $85. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in late November with a ‘”an Overweight”‘ rating. Loop Capital began covering ON with “Buy” recommendation on November 12, 2024. TD Cowen maintained its rating on July 30, 2024. It rated ON as “a Buy”.
Price Performance Review of ON
On Friday, ON Semiconductor Corp [NASDAQ:ON] saw its stock fall -7.49% to $53.94. Over the last five days, the stock has lost -12.59%. ON Semiconductor Corp shares have fallen nearly -14.45% since the year began. Nevertheless, the stocks have fallen -29.98% over the past one year. While a 52-week high of $85.16 was reached on 01/06/25, a 52-week low of $57.96 was recorded on 01/10/25. SMA at 50 days reached $67.47, while 200 days put it at $70.38.
Levels Of Support And Resistance For ON Stock
The 24-hour chart illustrates a support level at 52.83, which if violated will result in even more drops to 51.71. On the upside, there is a resistance level at 55.83. A further resistance level may holdings at 57.71. The Relative Strength Index (RSI) on the 14-day chart is 26.70, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.63%. Stochastics %K at 2.85% indicates the stock is a buying.
How much short interest is there in ON Semiconductor Corp?
A steep rise in short interest was recorded in ON Semiconductor Corp stocks on 2024-12-13, dropping by -1.91 million shares to a total of 26.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 28.12 million shares. There was a decline of -7.3%, which implies that there is a negative sentiment for the stock.
