ON Semiconductor Corporation ($ON) Stock Forecast: Up 5.1% Today

What is ON Semiconductor Corporation?

ON Semiconductor (NASDAQ: ON) operates as a semiconductor company and is valued at $30.94 billion in market capitalization. The stock displayed significant upward movement today.

Why is ON Semiconductor Corporation going up?

ON stock is up 5.1% on Sep 26, 2024 18:17

• Demonstrating an impressive track record, ON Semiconductor has outperformed the market by 11.99% annually and has yielded an average return of 23.38% over the last ten years.
• Despite registering a positive uptrend today, ON Semiconductor marginally underperformed the broader market, marking a 0.24% rise from the previous day's closing price.
• The sustained success of ON Semiconductor can be attributed to its consistent adoption of growth strategies, advancements in technology, and its strong market position within the semiconductor sector.
• Investor confidence in ON Semiconductor's future outlook remains robust, leading to an increase in the stock price amid a competitive market landscape.

ON Price Chart

ON News

$1000 Invested In This Stock 10 Years Ago Would Be Worth $8,000 Today - ON Semiconductor ( NASDAQ:ON )

ON Semiconductor ON has outperformed the market over the past 10 years by 11.99% on an annualized basis producing an average annual return of 23.38%. Currently, ON Semiconductor has a market capitalization of $30.94 billion.

https://www.benzinga.com/insights/news/24/09/41051878/1000-invested-in-this-stock-10-years-ago-would-be-worth-8-000-today

ON Semiconductor Corp. ( ON ) Rises Yet Lags Behind Market: Some Facts Worth Knowing

ON Semiconductor Corp. (ON) concluded the recent trading session at $69.74, signifying a +0.24% move from its prior day's close.

https://www.zacks.com/stock/news/2340183/on-semiconductor-corp-on-rises-yet-lags-behind-market-some-facts-worth-knowing

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ON Semiconductor Corporation Price History

03.08.2024 - ON Stock was down 5.1%

• The bearish movement in ON Semiconductor's stock today could be attributed to the overall negative sentiment in the semiconductor industry.
• Investors may have reacted to industry comparisons, possibly finding some weaknesses or challenges for ON Semiconductor compared to its competitors.
• Market participants might be concerned about ON Semiconductor's positioning and growth prospects within the semiconductor and semiconductor equipment sector, leading to a sell-off of the stock.
• It is essential for investors to closely monitor any developments in the competitive landscape and industry trends to make informed decisions regarding ON Semiconductor's stock.

29.07.2024 - ON Stock was up 5.1%

• The bullish movement of ON Semiconductor today could be attributed to positive sentiment surrounding the company's competitive position within the semiconductor industry.
• A comparison between ON Semiconductor and its industry peers may have instilled confidence in investors regarding the company's growth prospects and market standing.
• Investors likely reacted favorably to the analysis, driving up the stock price as they see ON Semiconductor as a strong contender in the semiconductor and semiconductor equipment sector.

19.08.2024 - ON Stock was up 5.2%

• The bearish options trading activity on ON Semiconductor could imply some investors taking a contrarian view on the stock, possibly betting against the bullish trend.
• Despite the bearish sentiment in options trading, the average brokerage recommendation for ON Semiconductor remains at a Buy, indicating optimism among Wall Street analysts about the company's future prospects.
• The conflicting signals from options trading and brokerage recommendations might be contributing to volatility in ON's stock price. Nevertheless, the bullish movement today could be attributed to positive market sentiment and investor confidence in the company's growth potential.

26.08.2024 - ON Stock was up 5.1%

• Demonstrating an impressive track record, ON Semiconductor has outperformed the market by 11.99% annually and has yielded an average return of 23.38% over the last ten years.
• Despite registering a positive uptrend today, ON Semiconductor marginally underperformed the broader market, marking a 0.24% rise from the previous day's closing price.
• The sustained success of ON Semiconductor can be attributed to its consistent adoption of growth strategies, advancements in technology, and its strong market position within the semiconductor sector.
• Investor confidence in ON Semiconductor's future outlook remains robust, leading to an increase in the stock price amid a competitive market landscape.

23.06.2024 - ON Stock was down 5.2%

• ON Semiconductor secured a long-term partnership with Volkswagen for cutting-edge EV solutions. Despite being generally viewed as positive, concerns over deal terms and competition in the EV market might have sparked a negative market response.
• A discussion on promising stocks to consider in July could have shifted investors' focus away from ON Semiconductor, resulting in reduced buying interest and influencing the bearish movement.
• Comparisons to NVIDIA's semiconductor sector performance may have underscored areas where ON Semiconductor falls short, prompting a change in investor attitude towards other industry players and adversely affecting ON's stock value.

25.06.2024 - ON Stock was down 6.2%

• ON Semiconductor's stock experienced a strong bearish movement today.
• The stock was downgraded to sell with a target price cut to $70, indicating negative sentiment from analysts.
• The options market also saw a bearish frenzy, with deep-pocketed investors adopting a pessimistic approach towards ON Semiconductor.
• Despite recent positive news of sealing a multi-year deal with Volkswagen for EV solutions, the downgrade and bearish options activity likely weighed heavily on the stock price, leading to the bearish movement.

30.06.2024 - ON Stock was down 6.1%

• Despite reporting upbeat earnings, the stock of ON Semiconductor experienced a strong bearish movement.
• Forecasts for the company were raised by analysts, indicating optimism about its future performance.
• The overall excitement around electric vehicle (EV) stocks, which are currently hot and debated securities, might have indirectly impacted ON Semiconductor's stock due to its involvement in the manufacturing supply chain for EVs.
• The market's reaction to ON Semiconductor's earnings could be influenced by broader macroeconomic pressures and uncertainties, such as inflation and trade policies, affecting the semiconductor industry as a whole.

30.06.2024 - ON Stock was down 5.1%

• The decline in ON Semiconductor's stock today may be linked to investors taking profits after the company's second-quarter financial results exceeded expectations.
• Market sentiment, reflected by the CNN Money Fear and Greed index, showed a slight improvement but stayed in the "Neutral" zone, indicating cautious optimism among investors.
• The varied performance of U.S. stocks before significant earnings releases and the Federal Reserve's policy decision might have played a role in the stock's downward movement, potentially prompting investors to adjust their portfolios based on market forecasts.

01.07.2024 - ON Stock was down 5.0%

• Despite reporting upbeat second-quarter earnings, ON Semiconductor experienced a bearish movement in its stock price.
• The increase in analyst forecasts and optimistic Wall Street recommendations did not prevent the stock from tanking in early trading.
• The market movement could be attributed to concerns about inventory health and a revenue decline of 17.2% year-on-year, despite beating analyst consensus estimates.
• Investors may be cautious due to the competitive landscape in the semiconductor industry and the need for the company to address inventory challenges for sustained growth.

13.07.2024 - ON Stock was up 5.0%

• ON Semiconductor (ON) experienced a strong bullish movement today, potentially driven by a combination of factors:
• Positive drill results for Avalon Advanced Materials at the Separation Rapids Project, indicating high-grade lithium intersections and an upcoming updated mineral resource estimate in Q3 2024.
• Analysts' confidence in the long-term prospects of semiconductor companies like ON, as highlighted by upgrades and recommendations to buy amid recent sector sell-offs.
• Historical performance showing ON Semiconductor has outperformed the market significantly over the past decade, with an average annual return of 23.42%, potentially attracting investor interest.
• The overall bullish sentiment in the market towards semiconductor stocks, despite some fluctuations in the sector, with analysts emphasizing the strong demand for chips and technology infrastructure.

07.07.2024 - ON Stock was down 5.0%

• The bearish movement in ON Semiconductor Corp's stock today could be attributed to the insider sale by Group President, PSG Simon Keeton of a significant number of shares. Insider selling can sometimes signal lack of confidence in the company's future performance, leading to a negative sentiment among investors.
• Mention of high-growth stocks trading at fair value, which included semiconductor companies like Nvidia, could have influenced the market movement. Investors might be shifting their focus towards other high-growth opportunities in the tech sector, causing a sell-off in ON Semiconductor Corp's stock.
• Additionally, assessing ON Semiconductor's performance against competitors in the semiconductor industry might have revealed weaknesses or challenges faced by the company, impacting investor confidence and contributing to the bearish trend in the stock price.
• Overall, the combination of insider selling, shifting investor focus towards other high-growth opportunities, and performance assessments against competitors could have collectively contributed to the bearish movement in ON Semiconductor Corp's stock today.

15.07.2024 - ON Stock was up 5.4%

• ON Semiconductor experienced a strong bullish movement today.
• The bullish trend could be attributed to positive options trading activity, with a significant amount of options trades detected for the company, indicating investor interest and confidence in its future performance.
• Additionally, the positive sentiment in the semiconductor industry, as highlighted by analysts' confidence in companies like Nvidia, AMD, and ON Semiconductor, could have contributed to the bullish movement of ON stock.
• The upcoming mineral resource estimate update by Avalon Advanced Materials, reporting high-grade lithium intersections, might have also positively impacted ON Semiconductor, as it reflects potential growth in the critical minerals sector where ON Semiconductor operates.