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 $11.07 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 $45.57 million.
B. Riley Securities reiterated its ON Semiconductor Corp [ON] rating to a Buy in a research note published on January 24, 2025; the price target was $90. A number of analysts have revised their coverage, including Truist’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Hold”. Wells Fargo began covering ON with “an Overweight” recommendation on November 22, 2024. Loop Capital started covering the stock on November 12, 2024. It rated ON as “a Buy”.
Price Performance Review of ON
On Friday, ON Semiconductor Corp [NASDAQ:ON] saw its stock fall -3.13% to $54.50. Over the last five days, the stock has gained 1.85%. ON Semiconductor Corp shares have fallen nearly -13.56% since the year began. Nevertheless, the stocks have fallen -28.99% 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 $64.52, while 200 days put it at $69.64.
Levels Of Support And Resistance For ON Stock
The 24-hour chart illustrates a support level at 53.77, which if violated will result in even more drops to 53.03. On the upside, there is a resistance level at 55.49. A further resistance level may holdings at 56.47. The Relative Strength Index (RSI) on the 14-day chart is 34.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.93%. Stochastics %K at 17.96% 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.
The most recent change occurred on July 30, 2024 when TD Cowen resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $90.
