ON Semiconductor Corp’s recent filing unveils 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 $ 10.56 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 $43.44 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 Tuesday, ON Semiconductor Corp [NASDAQ:ON] saw its stock jump 0.23% to $51.95. Over the last five days, the stock has gained 10.44%. ON Semiconductor Corp shares have fallen nearly -17.61% since the year began. Nevertheless, the stocks have fallen -36.39% over the past one year. While a 52-week high of $85.16 was reached on 01/06/25, a 52-week low of $46.57 was recorded on 02/10/25. SMA at 50 days reached $58.84, while 200 days put it at $68.46.
Levels Of Support And Resistance For ON Stock
The 24-hour chart illustrates a support level at 51.58, which if violated will result in even more drops to 51.21. On the upside, there is a resistance level at 52.64. A further resistance level may holdings at 53.33. The Relative Strength Index (RSI) on the 14-day chart is 43.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.07%. Stochastics %K at 66.31% indicates the stock is a holding.
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.
