Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. ON Semiconductor Corp shares valued at $1,919,789 were sold by KEETON SIMON on Dec 17 ’24. At $68.56 per share, KEETON SIMON sold 28,000 shares. The insider’s holdings dropped to 203,182 shares worth approximately $11.22 million following the completion of this transaction.
Also, GOPALSWAMY SUDHIR sold 21,082 shares, netting a total of over 1,426,041 in proceeds. Following the sale of shares at $67.64 each, the insider now holds 94,774 shares.
Before that, El-Khoury Hassane had sold 1,500 shares from its account. In a trade valued at $105,000, the CEO & President traded ON Semiconductor Corp shares for $70.00 each. Upon closing the transaction, the insider’s holdings decreased to 1,500 shares, worth approximately $46.18 million.
As published in a research note from Truist on January 10, 2025, ON Semiconductor Corp [ON] has been rated down from a Buy to a Hold and the price target has been revised to $60 from $85. Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in late November. As of November 12, 2024, Loop Capital has initiated its “Buy” rating for ON. Earlier on July 30, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for ON stock.
Analyzing ON Stock Performance
During the last five days, there has been a drop of approximately -11.96%. Over the course of the year, ON Semiconductor Corp shares have dropped approximately -12.40%. Shares of the company reached a 52-week high of $67.00 on 01/06/25 and a 52-week low of $53.10 on 01/13/25. A 50-day SMA is recorded $66.42, while a 200-day SMA reached $70.10. Nevertheless, trading volume fell to 7.96 million shares from 6.35 million shares the previous day.
Support And Resistance Levels for ON Semiconductor Corp (ON)
According to the 24-hour chart, there is a support level at 54.66, which, if violated, would cause prices to drop to 54.09. In the upper region, resistance lies at 56.28. The next price resistance is at 57.32. RSI (Relative Strength Index) is 31.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.92, which suggests the price will decrease in the coming days. Percent R is at 85.66%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
