ON Semiconductor Corporation ($ON) Stock Forecast: Up 6.6% Today

What is ON Semiconductor Corporation?

ON Semiconductor (NASDAQ: ON) saw a bullish movement in the stock market today.

Why is ON Semiconductor Corporation going up?

ON stock is up 6.6% on Jan 21, 2026 19:46

• 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.

ON Price Chart

ON Technical Analysis

ON News

Bank of America Increases ON Semiconductor (NASDAQ:ON) Price Target to $65.00

Bank of America has raised its price target for ON Semiconductor (NASDAQ:ON) to $65.00 from $60.00, maintaining a "neutral" rating, indicating a potential upside of nearly 5%. This comes as ON Semiconductor authorized a $6.0 billion share buyback program, suggesting management views the stock as undervalued. Despite a consensus "Moderate Buy" rating and a $61.22 price target from analysts, the company's Q3 results showed an EPS beat but a revenue decline year-over-year, alongside a high P/E ratio.

https://www.marketbeat.com/instant-alerts/bank-of-america-increases-on-semiconductor-nasdaqon-price-target-to-6500-2026-01-21/

Piper Sandler Raises Microchip (MCHP) Target to $85, Calls It Top Mid-Cap Pick

Piper Sandler has increased its price target for Microchip Technology (MCHP) to $85 from $80, maintaining an Overweight rating and naming it their "top mid-cap pick." Analyst Harsh Kumar foresees significant growth potential for the company in 2026, driven by strengthening order momentum, particularly from the industrial sector, and new AI data center parts expected to boost revenue. Microchip Technology designs and sells embedded control solutions across various markets, including industrial, automotive, and aerospace.

https://finviz.com/news/281532/piper-sandler-raises-microchip-mchp-target-to-85-calls-it-top-mid-cap-pick

Fisher Funds Management LTD Acquires 25,949 Shares of ON Semiconductor Corporation $ON

Fisher Funds Management LTD significantly increased its stake in ON Semiconductor Corporation by 42% in Q3, purchasing an additional 25,949 shares, bringing their total ownership to 87,729 shares valued at $4.33 million. The company's board has also authorized a substantial $6.0 billion share buyback program, suggesting management believes the stock is undervalued. This move comes as CFO Trent Thad recently sold 20,000 shares, reducing his position by 5.01%.

https://www.marketbeat.com/instant-alerts/filing-fisher-funds-management-ltd-acquires-25949-shares-of-on-semiconductor-corporation-on-2026-01-20/

Buy China Wholesale High-performance Ad9363abcz Rf Transceiver By Analog Devices Ad9363abcz Rf Transceiver Ultra-low Power Consumption & Wide Frequency Range, Dual Transmit/receive & Robu $167

This product listing is for the Analog Devices AD9363ABCZ RF Transceiver, which features ultra-low power consumption, a wide frequency range, and dual transmit/receive capabilities. Offered by SHENZHEN MERRILLCHIP ELECTRONICS CO., LTD., the tranceiver operates from 325 MHz to 3.8 GHz with a minimum operating temperature of -40 C and maximum of +85 C. The listing details product specifications, company information, and shipping terms, with pricing scaling down for larger quantities.

https://www.globalsources.com/Antenna-module/Wide-Frequency-Range-Dual-Transmit-Receive-Robu-1229008380p.htm

Discrete Semiconductor Market Outlook 2026-2033:

This report provides a comprehensive analysis of the Discrete Semiconductor Market from 2026 to 2033, detailing market dynamics, competitive landscapes, technological advancements, and investment opportunities. It includes an assessment of key players, market segmentation by type and end-user, and regional outlooks, offering valuable insights for business owners and investors. The research methodology involves thorough data analysis and interviews with market influencers to ensure precise data and forecasts.

https://www.openpr.com/news/4352872/discrete-semiconductor-market-outlook-2026-2033

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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.

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.

03.10.2025 - ON Stock was up 3.2%

• ON Semiconductor experienced a strong bullish movement today.
• The upcoming Q3 earnings report is anticipated to show demand stabilization and gains from the Treo platform, despite margin pressure.
• Unusual options activity on ON Semiconductor indicates increased investor interest and potential bullish sentiment.
• The market may be reacting positively to the company's performance expectations and strategic developments, leading to the bullish movement 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.

04.10.2025 - ON Stock was down 4.5%

• The bearish trend in ON Semiconductor's stock is driven by several factors:
• The company faced margin contraction despite surpassing Q3 earnings and revenue expectations due to increased costs.
• Quarterly revenues declined by 12% year-on-year, possibly leading to concerns about future growth.
• The semiconductor industry's overall negative trajectory could be influencing market sentiment towards ON Semiconductor.
• Investors may be apprehensive about the company's growth prospects given challenges in the chip market and margin pressures.

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.

05.10.2025 - ON Stock was up 5.1%

• Q3 earnings of ON Semiconductor exceeded expectations, with a rise in revenues compared to the previous year, showcasing robust financial performance.
• Following the encouraging earnings results, the company's stock saw an increase, indicating investor confidence in its future growth.
• Despite a slight drop in quarterly revenue, ON Semiconductor is capitalizing on the expansion of AI technology and a steady chip market, fueling the positive movement in its stock value.
• The market's favorable response to ON Semiconductor's earnings and growth outlook implies investor optimism regarding the company's resilience in dealing with challenges like narrowing margins and increased expenses.

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.