Chips · Stock report · onsemi (NASDAQ: ON)
onsemi — our money-flow reading is 37.1 and fading as the stock slips under its 200-day average
The Closelooknet read
onsemi (NASDAQ: ON) sits in the upper-middle of our chip section, but its buying pressure is fading. Over one month it ranks 28th of the 86 stocks in our chip section, and our money-flow reading (a gauge of net buying pressure) is 37.1, down 4.4 points over five sessions. That reading is still pointing up but slowing, and its label is neutral. On 8 October the stock closed at $79.41, under the average close of the last 200 sessions, $81.04. We watch whether it can close back above $81.04 in the coming sessions, or whether the money-flow reading keeps sliding.
The composite score is 47 of 100 and momentum is the weakest part at 30. The stock still trades above its 50-day average of $76.55.
Where onsemi stands among chip stocks
Rank 28 of 86 over one month puts onsemi's 11.9% gain in the upper-middle of our chip section. Among its power-chip peers the picture is mixed. Vicor (VICR) rose 42.7% over the month, Monolithic Power Systems (MPWR) 13.8% and Renesas Electronics (6723.T) 13.6%. Texas Instruments (TXN) gained 10.2%, Infineon (IFX.DE) 3.4%, STMicroelectronics (STM) 2.2% and Allegro MicroSystems (ALGM) 1.2%.
onsemi is 40.7% below its 52-week closing high of $133.93 from 3 June. Texas Instruments is 13.3% below its high and Allegro 47.9% below.
Our money-flow and quality readings
Our money-flow reading is 37.1 and it fell 4.4 points over five sessions and 29.6 over 21 sessions. Its label is neutral.
onsemi rates 47 of 100 overall on our scores. Capital allocation is the strongest at 70, followed by cash quality at 64 and balance sheet at 56. Valuation scores 46, growth 43, quality 42 and momentum 30. The Piotroski score, a check of financial health, is scored 4 of 9.
Price trend
onsemi fell 3.76% on the day to $79.41 and opened 2.47% lower. It is 2.0% below its 200-day average, which is the average close of the last 200 sessions, and 3.7% above its 50-day average. Over three months it is down 17.3%, while it is up 46.7% year to date and 64.9% over one year. Its typical daily swing is about 3.4%.
Closelooknet is a research diary. Nothing here is investment advice or a recommendation to buy or sell.