ON Semiconductor Corporation ($ON) Stock Forecast: Down 5.4% Today

What is ON Semiconductor Corporation?

ON Semiconductor (ON) has demonstrated strong performance in the past month, surpassing its sector and the S&P 500. Despite this, the stock underwent a notable bearish movement today.

Why is ON Semiconductor Corporation going down?

ON stock is down 5.4% on Jan 30, 2026 18:35

• The decline in ON Semiconductor's stock today may be due to:
• Analysts' predictions of a decrease in adjusted EPS for fiscal year 2025, resulting in investor skepticism.
• A shift in Moody's outlook to stable, expressing worries about weaker-than-anticipated growth and substantial exposure to sectors facing challenges.
• Institutional selling pressure, with Great Lakes Advisors LLC reducing its stake by 4.3%, potentially indicating a lack of enduring confidence in the company's performance.
• Speculation and uncertainty about the imminent Q4 2025 earnings release on February 9, 2026, prompting profit-taking and a temporary decline in the stock price.

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Are Wall Street Analysts Bullish on ON Semiconductor Stock?

ON Semiconductor (ON) has slightly outperformed the S&P 500 over the past year, with its shares rising despite lagging behind its sector ETF. The company reported strong Q3 2025 results driven by AI demand and received a "Moderate Buy" consensus rating from analysts, indicating a potential upside from current price levels. Analysts expect a decline in adjusted EPS for fiscal year 2025.

https://markets.financialcontent.com/stocks/article/barchart-2026-1-30-are-wall-street-analysts-bullish-on-on-semiconductor-stock

ON Semiconductor Corp. (ON) Suffers a Larger Drop Than the General Market: Key Insights

ON Semiconductor Corp. (ON) fell 4.2% in the latest trading session, underperforming the broader S&P 500 and Nasdaq, while the Dow gained. Despite the recent drop, ON has seen a 19.91% appreciation over the past month, surpassing its sector and the S&P 500. Investors are anticipating its Q4 2025 earnings release on February 9, 2026, with an expected EPS of $0.62 and revenue of $1.53 billion.

https://sg.finance.yahoo.com/news/semiconductor-corp-suffers-larger-drop-230004225.html

Moody’s affirms ON Semiconductor’s Ba1 rating, outlook to stable By Investing.com

Moody’s Ratings has affirmed ON Semiconductor Corporation’s Ba1 corporate family rating but revised the outlook from positive to stable, citing weaker-than-expected growth attributed to the semiconductor market downturn and heavy exposure to automotive and industrial sectors. Despite stabilization signs and strong free cash flow, Moody's expects only modest growth, with debt to EBITDA remaining above 2x due to a planned 100% return to shareholders via a $6 billion share buyback program and no established leverage target. The Ba1 rating reflects ON Semi's strong market position in higher-margin analog markets, while revenue is projected to grow in mid-single digits in 2026 following a previous decline, supported by strong liquidity.

https://m.uk.investing.com/news/stock-market-news/moodys-affirms-on-semiconductors-ba1-rating-outlook-to-stable-93CH-4478336?ampMode=1

Moody’s affirms ON Semiconductor’s Ba1 rating, outlook to stable By Investing.com

Moody's has affirmed ON Semiconductor Corporation's Ba1 corporate family rating but revised its outlook from positive to stable. This change reflects weaker-than-expected growth for ON Semi, primarily due to the semiconductor market downturn and its exposure to automotive and industrial sectors, despite early signs of stabilization. Moody's anticipates only modest growth in the coming quarters and projects debt to EBITDA to remain above 2x, higher than previous expectations, even as the company plans to return 100% of its strong free cash flow to shareholders.

https://au.investing.com/news/stock-market-news/moodys-affirms-on-semiconductors-ba1-rating-outlook-to-stable-93CH-4230814

Great Lakes Advisors LLC Sells 15,705 Shares of ON Semiconductor Corporation $ON

Great Lakes Advisors LLC reduced its stake in ON Semiconductor by 4.3%, selling 15,705 shares and holding 352,980 shares valued at $17.41 million. This reduction comes amidst other institutional investor activity and an insider sale by CFO Trent Thad. The company's recent Q3 earnings beat expectations, and despite a year-over-year revenue decline, the board authorized a $6.0 billion share buyback program.

https://www.marketbeat.com/instant-alerts/filing-great-lakes-advisors-llc-sells-15705-shares-of-on-semiconductor-corporation-on-2026-01-29/

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ON Semiconductor Corporation Price History

14.10.2025 - ON Stock was down 5.2%

• The increase in short interest indicates a growing number of investors betting against ON Semiconductor's stock.
• The rise in shares sold short could be due to concerns about the company's future performance or market conditions.
• This negative sentiment likely contributed to the bearish movement in ON's stock price today.

29.00.2026 - ON Stock was down 5.1%

• A notable institution, Great Lakes Advisors LLC, decreased its stake in ON Semiconductor by 4.3%, selling 15,705 shares.
• In contrast, another institution, J. Safra Sarasin Holding AG, significantly increased its stake in ON Semiconductor by 356.0%.
• ON Semiconductor was classified as a cyclical stock by an industry expert, potentially contributing to investor uncertainty.
• GlobalFoundries, a semiconductor manufacturer, performed well, reaching a 52-week high, possibly diverting investor attention from ON Semiconductor and influencing its stock price negatively.

19.10.2025 - ON Stock was up 5.5%

• The stock of ON Semiconductor had a strong bullish movement today, despite a slight decrease in the current session.
• The positive performance over the past 10 years, outperforming the market by 3.95% annually, could have contributed to investor confidence and buying interest.
• The increase in short interest may have led to a short squeeze scenario, where short sellers rushed to cover their positions, driving the stock price higher.
• Overall, the combination of long-term outperformance, market capitalization, and short interest dynamics likely fueled the bullish movement in ON Semiconductor's stock today.

30.00.2026 - ON Stock was down 5.4%

• The decline in ON Semiconductor's stock today may be due to:
• Analysts' predictions of a decrease in adjusted EPS for fiscal year 2025, resulting in investor skepticism.
• A shift in Moody's outlook to stable, expressing worries about weaker-than-anticipated growth and substantial exposure to sectors facing challenges.
• Institutional selling pressure, with Great Lakes Advisors LLC reducing its stake by 4.3%, potentially indicating a lack of enduring confidence in the company's performance.
• Speculation and uncertainty about the imminent Q4 2025 earnings release on February 9, 2026, prompting profit-taking and a temporary decline in the stock price.

03.11.2025 - ON Stock was up 10.7%

• ON Semiconductor's collaboration with Innoscience to increase GaN power device production has drawn investor optimism, contributing to the bullish market movement.
• Strong third-quarter earnings and a $6 billion share repurchase program have boosted investor confidence in ON Semiconductor's growth prospects.
• ON Semiconductor's strategic moves, including the partnership with Innoscience and positive financial performance, have attracted institutional investors like Norges Bank, which recently made a significant investment in the company.
• The company's emphasis on expanding presence in AI-related applications and other key markets through innovative collaborations and product developments has positioned ON Semiconductor well for future growth, leading to an increase in the stock price.

03.11.2025 - ON Stock was up 7.0%

• ON Semiconductor experienced a notable uptrend in its stock today which was influenced by favorable developments and market sentiment:
• An increase in holdings by Prudential Financial Inc. was observed following ON Semiconductor outperforming Q3 earnings expectations and offering optimistic Q4 guidance.
• Norges Bank introduced a new position in ON Semiconductor after the company's board sanctioned a sizable $6.0 billion stock repurchase plan, reflecting a positive outlook on the company's future performance.
• Investor confidence in ON Semiconductor's growth prospects was further enhanced by its partnership with Innoscience to expand production of GaN power devices for a targeted $2.9 billion market by 2030.
• While some institutional investors such as Schroder Investment Management Group and Distillate Capital Partners LLC reduced their investments in the company, overall optimism and positive developments drove the bullish trend in ON Semiconductor's stock today.

03.11.2025 - ON Stock was up 10.7%

• ON Semiconductor's bullish movement today can be attributed to a combination of positive factors:
• Surpassing Q3 earnings per share and revenue estimates, showcasing strong financial performance.
• Norges Bank initiated a new investment in the company, acquiring a significant stake and demonstrating confidence in ON Semiconductor's future prospects.
• Approval of a substantial $6.0 billion stock buyback program by the company's board, signaling management's belief in the company's value and potential for growth.
• Collaboration with Innoscience to explore GaN power devices production for a projected $2.9 billion market by 2030 could have sparked investor optimism about future revenue streams and technological advancements.

06.00.2026 - ON Stock was up 5.3%

• The bullish movement in ON Semiconductor's stock today is linked to the market's confidence in the company's silicon carbide technology and its potential applications in the electric vehicle (EV) industry.
• Despite concerns about slowing EV demand, investors appear reassured by the stock price stabilization, suggesting a shift towards value-oriented buying.
• The company's innovative power management and connectivity solutions, combined with the positive sentiment in the semiconductor industry, likely contributed to today's bullish movement.
• Investors are eagerly anticipating guidance from the company and macroeconomic trends to gauge the next significant development in ON Semiconductor's stock.

06.00.2026 - ON Stock was up 5.1%

• Despite prevailing bearish sentiment, ON Semiconductor exhibited notable bullish movement in the market today.
• The stock's positive momentum could be attributed to investors recognizing the potential long-term value in its power management and silicon carbide offerings, despite concerns around decelerating electric vehicle (EV) demand.
• Observing the stock stabilizing in the low-to-mid $70s, it suggests that value-focused buyers may be showing interest, hinting at a shift in sentiment towards the company.
• Market participants are likely keeping a close watch on any developments related to ON Semiconductor's silicon carbide ventures and EV market trends to assess the stock's future trajectory.

28.00.2026 - ON Stock was up 5.7%

• ON Semiconductor experienced a strong bullish movement today.
• The bullish trend could be attributed to the positive market sentiment towards semiconductor companies, especially with recent developments in the industry showcasing strong financials and growth prospects.
• Views from market influencers and investment firms have created some uncertainty in the semiconductor sector, potentially benefiting ON Semiconductor as investors seek alternatives.
• The upcoming earnings release by ON Semiconductor on February 9th could also be driving the bullish momentum as investors anticipate the company's performance amidst a challenging market for chip stocks.

04.11.2025 - ON Stock was down 5.0%

• ON Semiconductor's stock experienced a noticeable decline despite favorable developments and institutional investments.
• Earlier, the stock had shown considerable growth driven by an ambitious expansion strategy, collaborations, and strong quarterly performance.
• The recent decline may be linked to investors taking profits following a period of significant price increases.
• Notwithstanding the recent dip, ON Semiconductor's fundamental strengths point to a promising growth trajectory within the semiconductor sector.

21.00.2026 - ON Stock was up 6.6%

• ON Semiconductor's price target was raised to $65 by Bank of America, signaling a potential upside of almost 5%, and the company authorized a $6.0 billion share buyback program, indicating management's belief that the stock is undervalued.
• Despite a year-over-year revenue decline, ON Semiconductor's Q3 results included an EPS beat, which boosted market sentiment.
• Fisher Funds Management LTD notably increased its stake in ON Semiconductor, in line with the positive outlook on the stock.
• The upbeat news and growing confidence in ON Semiconductor's potential for growth likely fueled today's bullish market movement.