ON Semiconductor Corp’s recently made public 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 $11.3 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 $46.5 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 Tuesday, ON Semiconductor Corp [NASDAQ:ON] saw its stock jump 1.79% to $55.61. Over the last five days, the stock has lost -0.47%. ON Semiconductor Corp shares have fallen nearly -11.80% since the year began. Nevertheless, the stocks have fallen -24.05% over the past one year. While a 52-week high of $85.16 was reached on 01/06/25, a 52-week low of $53.10 was recorded on 01/13/25. SMA at 50 days reached $65.48, while 200 days put it at $69.85.
Levels Of Support And Resistance For ON Stock
The 24-hour chart illustrates a support level at 54.95, which if violated will result in even more drops to 54.29. On the upside, there is a resistance level at 56.19. A further resistance level may holdings at 56.77. The Relative Strength Index (RSI) on the 14-day chart is 35.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.94%. Stochastics %K at 13.33% 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 2024-12-31, growing by 3.21 million shares to a total of 28.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 25.53 million shares. There was a rise of 11.17%, which implies that there is a positive sentiment for the stock.
