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

Morpher AI identified a bullish signal. The stock price may continue to rise based on the momentum of the good news.

What is ON Semiconductor Corporation?

ON Semiconductor (NASDAQ: ON) is a leading provider of power and signal management, logic, discrete, and custom devices for efficient electronics. The semiconductor industry has been experiencing a bullish trend recently, driven by advancements in AI technology and increasing demand for semiconductor products.

Why is ON Semiconductor Corporation going up?

ON stock is up 5.1% on Jul 10, 2024 16:40

  • ON Semiconductor's stock experienced a strong bullish movement today, likely influenced by the overall positive sentiment in the semiconductor industry.
  • The options frenzy surrounding ON Semiconductor indicates a bullish stance from investors, possibly due to optimistic expectations for the company's future performance.
  • The focus on the AI revolution and the pivotal role of semiconductor companies in driving market value growth could have further boosted investor confidence in ON Semiconductor.
  • Despite concerns about potential AI fatigue affecting semiconductor stocks, ON Semiconductor's positive market movement suggests that investors are still optimistic about the company's growth prospects in the evolving tech landscape.

ON Price Chart

ON News

ON Semiconductor's Options Frenzy: What You Need to Know - ON Semiconductor ( NASDAQ:ON )

Investors with a lot of money to spend have taken a bullish stance on ON Semiconductor ON. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know.

https://www.benzinga.com/insights/options/24/07/39697516/on-semiconductors-options-frenzy-what-you-need-to-know

News Article Image ON Semiconductor's Options Frenzy: What You Need to Know - ON Semiconductor  ( NASDAQ:ON )

3 Hot Semiconductor Stocks That Will Ride the AI Revolution to New Heights

In the rapidly advancing tech world, semiconductor AI stocks are emerging as pivotal players in market value growth through the development of AI chips and related applications. These companies are riding the AI wave. With that, they are actively shaping its trajectory through innovative technologies and strategic financial management. Here are three leading semiconductor companies listed, as well as their financial performance and strategic initiatives. This is crucial for tech enthusiasts aiming to capitalize on the AI revolution. The first one has demonstrated exceptional margin performance and significant advancements in silicon carbide technology. It is crucial for AI applications in the automotive and industrial sectors. Similarly, another company on the list is a global leader in semiconductor manufacturing. This one makes substantial capital investments to expand its advanced technology capabilities and mitigate geopolitical risks. The last one on the list continues to drive rapid revenue growth with its high-performance processors, including upcoming AI-integrated models. Over the long term, these companies are beyond participants in the AI revolution. They are its architects, developing and deploying technologies that construct the future of AI.

https://investorplace.com/2024/07/3-hot-semiconductor-stocks-that-will-ride-the-ai-revolution-to-new-heights/

News Article Image 3 Hot Semiconductor Stocks That Will Ride the AI Revolution to New Heights

3 Semiconductor Stocks to Sell in July Before They Crash & Burn

Semiconductors are the tiny silicon-based devices that power everything from our laptops and phones to our cars. Putting money in semiconductor stocks have been a good investment decision over the past 12 months, especially if some of that capital went to hold Nvidia (NASDAQ:NVDA). The craze around artificial intelligence and machine learning boosted the shares of public semiconductor companies enabling growth in these novel fields. Similarly, semiconductor firms making cloud computing possible — and even quantum computing — have also made good bets. Unfortunately, investors may be feeling AI “fatigue.” In the middle of June, NVDA entered correction territory after a number of investors sold off upon the chipmaker becoming the most valuable tech company in the world. The company has yet to recover from that sell-off. Shortly after, Bloomberg News published an article in which it quoted a portfolio manager from Allspring Global Investments who said, “In the near-term, it is plausible that investors begin suffering from AI-fatigue or become more broadly concerned about index concentration.” That also means investors should be careful about the semiconductor stocks they buy. Below are three semiconductor stocks investors should sell in June before they crash and burn.

https://investorplace.com/2024/07/3-semiconductor-stocks-to-sell-in-july-before-they-crash-burn/

News Article Image 3 Semiconductor Stocks to Sell in July Before They Crash & Burn

ON Semiconductor Corporation Price History

10.06.2024 - ON Stock was up 5.1%

  • ON Semiconductor's stock experienced a strong bullish movement today, likely influenced by the overall positive sentiment in the semiconductor industry.
  • The options frenzy surrounding ON Semiconductor indicates a bullish stance from investors, possibly due to optimistic expectations for the company's future performance.
  • The focus on the AI revolution and the pivotal role of semiconductor companies in driving market value growth could have further boosted investor confidence in ON Semiconductor.
  • Despite concerns about potential AI fatigue affecting semiconductor stocks, ON Semiconductor's positive market movement suggests that investors are still optimistic about the company's growth prospects in the evolving tech landscape.

03.06.2024 - ON Stock was up 0.4%

  • Completed the acquisition of SWIR Vision Systems, boosting investor confidence in the company's growth potential.
  • Strong performance over the past decade, outperforming the market and attracting investors' attention.
  • Focus on electric vehicle (EV) stocks and the impact of lower interest rates on the sector have also contributed to the positive sentiment towards ON Semiconductor.
  • Investor inquiries into competitor dynamics in the semiconductor industry highlight the importance of thorough evaluations in the current competitive landscape.

02.06.2024 - ON Stock was up 5.3%

  • ON Semiconductor (ON) exhibited a bullish movement today, deviating from the general market trend.
  • The company's positive market performance and growth prospects likely attracted investors, resulting in increased buying interest.
  • Examination of ON Semiconductor's competitive landscape in the semiconductor industry may have emphasized its strong position and future growth potential, bolstering investor confidence.
  • The implications of lower interest rates benefiting the electric vehicle (EV) market could have indirectly influenced ON Semiconductor, given its provision of components for EVs, positioning the company favorably for expansion within the evolving EV sector.

02.06.2024 - ON Stock was up 5.2%

  • The upward trend in ON Semiconductor Corp. (ON) stock might be linked to the favorable overall sentiment in the semiconductor industry.
  • Expectations of substantial growth in the electric vehicle (EV) market could have positively influenced ON Semiconductor, given its role as a supplier to EV manufacturers.
  • The current low interest rates, allowing companies to invest more in innovation, may have boosted investors' faith in ON Semiconductor's future.
  • Thorough evaluations of the company and analysis of competitor dynamics may have contributed to investors' confidence, leading to the surge in the stock price.

02.06.2024 - ON Stock was up 5.0%

  • The positive sentiment in the tech sector, particularly in the semiconductor industry, may have contributed to the bullish movement in ON stock.
  • Discussion around the growth potential of EV stocks could have indirectly influenced investor confidence in companies like ON, which provide essential components for electric vehicles.
  • The expanding EV market is expected to drive up the demand for semiconductors used in electric vehicles, which could benefit companies like ON.
  • ON may be seen by investors as a strategic investment opportunity to capitalize on the rising trend of electric vehicles and the broader tech industry.

12.05.2024 - ON Stock was up 6.0%

  • ON Semiconductor Corp. experienced a bullish movement today despite the general market trend.
  • The bullish movement could be attributed to the company's innovative product offerings and strong financial performance in the semiconductor industry.
  • The focus on green transportation and electric vehicles (EVs) in the market might have positively impacted ON Semiconductor Corp. as it provides essential semiconductor solutions for EV technology.
  • Investors are likely optimistic about ON Semiconductor Corp.'s position in the EV market and the potential growth opportunities it presents in the green transportation sector.

29.04.2024 - ON Stock was down 5.2%

  • ON Semiconductor had a strong bearish movement today, possibly influenced by the contrasting performance with its competitor NXP Semiconductors NV, which has shown a significant increase in stock value over the past year.
  • The volatility in the semiconductor industry could have contributed to the bearish trend in ON Semiconductor stock.
  • Investors may have reacted to the growth potential of NXP Semiconductors NV compared to the stability offered by ON Semiconductor, leading to a sell-off of ON stock.
  • The overall competitive landscape in the semiconductor industry, including the comparison with companies like NVIDIA, might have also impacted market sentiment towards ON Semiconductor, causing the bearish movement.

22.04.2024 - ON Stock was up 6.3%

  • ON Semiconductor experienced a strong bullish movement today.
  • The bullish trend could be attributed to the positive market analysis comparing ON Semiconductor against its competitors in the industry, highlighting its position as a significant player.
  • The news of an ON Semiconductor director selling shares worth over $67k might have initially raised concerns but was likely overshadowed by the overall positive sentiment towards the company.
  • The broader industry analysis and comparison with Taiwan Semiconductor, a major competitor, could have also contributed to investor confidence in ON Semiconductor's growth prospects, driving the stock higher.

21.02.2024 - ON Stock was up 5.1%

  • ON Semiconductor saw significant positive movement in the market recently.
  • A financial institution has reiterated a "Buy" recommendation for ON Semiconductor and highlighted a growth plan that likely bolstered investor confidence.
  • The company's CEO discussed industry challenges and supply chain management in a notable interview, potentially reassuring stakeholders about ON Semiconductor's future.
  • Favorable opinions on ON Semiconductor's core business amid a competitive market environment may have enticed investors looking for growth opportunities in the semiconductor sector.

14.02.2024 - ON Stock was down 5.0%

  • The bearish movement in ON Semiconductor Corp. (ON) today could be attributed to profit-taking by investors after a recent positive run in the market.
  • The focus on profitable EV stocks and the emerging market for flying cars might have shifted investor interest away from traditional semiconductor companies like ON Semiconductor, leading to a sell-off.
  • The anticipation and excitement surrounding the potential growth in the EV and flying car sectors may have overshadowed the performance of ON Semiconductor, causing a dip in its stock price.
  • Investors may be reallocating their funds towards more innovative and high-growth potential sectors, impacting the stock performance of companies like ON Semiconductor in the short term.

08.02.2024 - ON Stock was down 5.1%

  • Lower-than-expected earnings negatively impacted ON Semiconductor's stock, resulting in a downward trend.
  • Options trading suggests that investors are bullish on the company, with substantial investments.
  • An analysis of ON Semiconductor's competitive landscape may reveal challenges affecting its financial results.
  • The stock's performance going forward might be uncertain due to lingering doubts about its future post the latest earnings announcement.

07.02.2024 - ON Stock was up 5.3%

  • Disappointing earnings results in the past seemed to have been overshadowed by positive market sentiment and options trading activity, leading to a bullish movement in ON stock.
  • The continuous fluctuation between recessionary fears and soft-landing optimism mentioned in the investor letter may have created uncertainty in the market, but the bullish stance taken by investors today indicates confidence in ON Semiconductor's future prospects.
  • The lack of specific details in the conference transcripts may have left investors speculating on potential positive developments or partnerships, contributing to the bullish movement in ON stock.

01.02.2024 - ON Stock was up 5.3%

  • The introduction of Vishay Intertechnology's new 80V symmetric dual n-channel power MOSFET with enhanced performance characteristics could have positively impacted ON Semiconductor's stock.
  • ON Semiconductor's impressive long-term performance, outperforming the market by 12.73% annually over the past decade, likely contributed to the bullish movement.
  • The overall bullish sentiment in the market, as evidenced by Japan's all-time high market, could have provided a favorable environment for ON Semiconductor's stock to thrive.
  • Despite challenges in the EV sector, with companies facing production cuts and market corrections, the long-term growth potential of the semiconductor industry and ON Semiconductor's market position may have attracted investors, driving the bullish movement in the stock.
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Disclaimer
Morpher is not liable for the content of the AI investment insights. Like most GPT-powered tools, these summaries may contain AI hallucinations and inaccurate information. Morpher is not presenting you with any investment advice. All investments involve risk, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. These summaries do not constitute investment advice.