ON Semiconductor Corporation ($ON) Stock Forecast: Up 16.5% Today

What is ON Semiconductor Corporation?

ON Semiconductor Corporation (ON) is a leading provider of power and sensor semiconductor solutions for various industries, emphasizing efficiency, sustainability, and innovation within the sector.

Why is ON Semiconductor Corporation going up?

ON stock is up 16.5% on May 13, 2026 16:41

• ON Semiconductor Corp. (ON) showcased strong positive momentum today, despite previous underperformance in comparison to industry peers.
• The completion of a successful private offering of $1.5 billion in 0% Convertible Senior Notes due 2031 by ON Semiconductor potentially instilled confidence among investors, contributing to the company's favorable performance.
• The market's enthusiastic response may also stem from the broader semiconductor industry's growth potential, evidenced by notable surges in the stock prices of other companies and strategic developments in emerging markets.
• Investors are showing optimism regarding ON Semiconductor's future growth opportunities, particularly observing the company's strategic financial decisions related to debt repayment and expansion.

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ON Technical Analysis

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ETFs Investing in ON Semiconductor Corporation Stocks

This article lists various ETFs that hold ON Semiconductor Corporation (ON) stocks, categorizing them by market value, weight, issuer, management style, focus, expense ratio, and assets under management (AUM). It provides a comprehensive table detailing each ETF's performance metrics, including price, percentage change, relative volume, and 3-year NAV total return. The ETFs cover a range of investment styles and sectors, from broad market funds to specialized information technology and semiconductor-focused funds, aiming to offer diverse investment opportunities at varying risk levels.

https://www.tradingview.com/symbols/BIVA-ON/etfs/

ON Semiconductor Corp. stock underperforms Tuesday when compared to competitors

Shares of ON Semiconductor Corp. (ON) declined 2.92% on Tuesday, underperforming the broader market. The stock closed at $104.11, ending a two-day winning streak amidst a mixed trading session for the Dow Jones Industrial Average and the S&P 500. This movement marks a relative underperformance compared to its competitors.

https://www.marketwatch.com/data-news/on-semiconductor-corp-stock-underperforms-tuesday-when-compared-to-competitors-e603356b-c4d02e1810a4

Coherent Stock Climbs 171% in 6 Months: Should You Buy Now or Wait?

Coherent Corp.'s stock (COHR) has seen a dramatic 171% increase in six months, largely driven by surging AI demand in its Datacenter & Communications segment and a robust balance sheet. Despite its strong performance and positive analyst outlook, the stock is currently trading at a premium valuation (52.58 times forward earnings) and does not pay dividends, leading to a "Hold" recommendation for current investors and a suggestion for potential buyers to wait for a dip. While competitors like Wolfspeed and ON Semiconductor have also seen gains, Coherent's rally has been significantly more explosive.

https://www.tradingview.com/news/zacks:b38c0e3f0094b:0-coherent-stock-climbs-171-in-6-months-should-you-buy-now-or-wait/

Navitas Semiconductor Stock Rally Hits $125 Million Test After India GaN Launch

Navitas Semiconductor is looking to sell up to $125 million in Class A common stock through an at-the-market program, capitalizing on a recent stock surge fueled by an India product launch using its gallium nitride (GaN) technology. This move aims to fund its expansion into high-growth markets like AI data centers and electrification, while acknowledging potential stock dilution. The company reported a sequential increase in Q1 revenue but a significant GAAP operating loss, and faces competition from other semiconductor firms.

https://ts2.tech/en/navitas-semiconductor-stock-rally-hits-125-million-test-after-india-gan-launch/

ON Semiconductor (NASDAQ: ON) sells $1.5B 0% converts with hedges and warrants

ON Semiconductor successfully completed a private offering of $1.5 billion in 0% Convertible Senior Notes due 2031, which included the full exercise of the initial purchasers' option. The company used a portion of the net proceeds to repurchase approximately 3.1 million shares of its common stock and to fund convertible note hedges, with the remainder allocated for general corporate purposes and debt repayment. These notes do not bear regular interest and are convertible into common stock at an initial price of about $161.30 per share, while the associated warrants could lead to dilution if the stock price exceeds $211.54 per share.

https://www.stocktitan.net/sec-filings/ON/8-k-on-semiconductor-corp-reports-material-event-565f3e43e55e.html

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ON Semiconductor Corporation Price History

17.03.2026 - ON Stock was up 5.4%

• ON Semiconductor Corp. (ON) experienced a strong bullish movement of 10.4% today, outperforming the market.
• The surge in ON's stock price can be attributed to multiple factors:
• Analyst upgrades and higher price targets, reflecting confidence in the company's performance and future prospects.
• A new design win in the solar and energy storage sector, indicating diversification and growth opportunities beyond traditional markets.
• Positive market sentiment driven by increased call option activity, strategic focus on AI and Silicon Carbide technology, and strong forward guidance for automotive and AI sectors.
• Despite the bullish movement, investors should monitor potential risks such as high valuation, insider selling, and any upcoming earnings announcements to make informed decisions.

16.03.2026 - ON Stock was up 10.2%

• ON Semiconductor Corp's stock rose by 8.74% supported by a Bank of America "Buy" upgrade, heightened call option activity, and emphasis on AI and Silicon Carbide technology.
• Favorable projections for the automotive and AI sectors, an upcoming analyst day, and positive technical indicators advocating a buy position bolstered investor optimism.
• Despite concerns regarding overvaluation and insider selling, the company's growth strategies and notable performance in the semiconductor industry drove the stock to reach a 52-week peak.
• The decrease in ownership by Sumitomo Mitsui Trust Group Inc. was counterbalanced by heightened positions taken by other institutional investors, indicating a sustained positive trajectory for the stock.

28.03.2026 - ON Stock was down 5.2%

• Pictet Asset Management Holding SA recently increased its ownership stake in ON Semiconductor Corporation, signaling confidence in the company's future prospects. Yet, the company's CFO, Trent Thad, selling shares could have caused unease among investors.
• With conflicting analyst ratings and indications that the stock may be overvalued based on its GF Value, the bearish trend in the market today may be attributed to these factors.
• The stock's proximity to its highest price point in 52 weeks, alongside substantial insider selling by the CFO, might have prompted doubts about the stock's current valuation sustainability.
• Despite some positive analyst upgrades and ongoing strategic developments in the semiconductor industry, concerns over insider selling and overvaluation could have eclipsed these positive developments, thereby contributing to the stock's downturn today.

28.03.2026 - ON Stock was down 6.0%

• The increased stake by Pictet Asset Management Holding SA and other institutional investors was not enough to offset the negative sentiment caused by insider selling activities, particularly the significant sale of shares by ON Semiconductor's CFO, Thad Trent.
• Despite recent positive analyst upgrades and strategic moves within the semiconductor sector, the overvaluation concerns highlighted by the GF Value analysis and InvestingPro analysis likely contributed to the bearish market movement.
• The announcement of a strategic collaboration between NIO Inc. and ON Semiconductor to develop next-generation EV platforms could have positively impacted the stock in the long term but was not sufficient to offset the immediate selling pressure from insider transactions.
• The bearish movement today reflects a delicate balance between positive industry developments and internal selling activities, highlighting the importance of monitoring both external partnerships and insider actions in assessing market movements.

23.03.2026 - ON Stock was up 8.9%

• ON Semiconductor Corp. achieved a new 52-week high, showcasing strong industry performance, albeit lagging behind the S&P 500's growth.
• Merit Financial Group LLC decreased its stock position in ON Semiconductor, potentially influencing the bullish trend and displaying institutional confidence.
• Observations made by Jim Cramer characterizing ON Semiconductor as enigmatic likely piqued investor interest, further propelling the stock's upward trajectory.
• Speculation in the market regarding cross-sector performance of the company or anticipations of increased auto sales due to potential reduced interest rates, as referenced by Jim Cramer, may have contributed to the positive momentum.

23.03.2026 - ON Stock was up 12.0%

• ON Semiconductor has displayed significant market outperformance over the last 15 years, with an average annual return of 15.54%, highlighting its long-term growth potential and investor confidence.
• Positive industry sentiment in the analog semiconductor sector, partly triggered by remarkable data center revenue growth at a major competitor, is believed to have influenced the rise in ON Semiconductor's stock.
• Despite a reduction in ON Semiconductor stock held by Merit Financial Group LLC and analysts' "Hold" rating, the company's strong financial health, low debt-to-equity ratio, and impressive return on equity have strengthened investor sentiment.
• Observers have noted ON Semiconductor's remarkable yet somewhat mysterious performance, with suggestions that increased CPU demand and lower interest rates supporting auto sales could be contributing factors to the stock's recent uptrend.

13.04.2026 - ON Stock was up 7.0%

• ON Semiconductor's stock outperformed competitors and the broader market, rising by 3.91% to $107.24.
• The company successfully completed a private offering of $1.5 billion in Convertible Senior Notes due 2031, using the proceeds for various purposes including debt repayment and stock repurchase.
• The bullish movement could be attributed to the positive trading day in the market overall, with both the S&P 500 Index and the Dow Jones Industrial Average experiencing increases.
• Additionally, the company's strategic moves, such as capitalizing on a recent stock surge and expanding into high-growth markets, may have also contributed to investor confidence and the stock's upward momentum.

13.04.2026 - ON Stock was up 16.5%

• ON Semiconductor Corp. (ON) showcased strong positive momentum today, despite previous underperformance in comparison to industry peers.
• The completion of a successful private offering of $1.5 billion in 0% Convertible Senior Notes due 2031 by ON Semiconductor potentially instilled confidence among investors, contributing to the company's favorable performance.
• The market's enthusiastic response may also stem from the broader semiconductor industry's growth potential, evidenced by notable surges in the stock prices of other companies and strategic developments in emerging markets.
• Investors are showing optimism regarding ON Semiconductor's future growth opportunities, particularly observing the company's strategic financial decisions related to debt repayment and expansion.

29.03.2026 - ON Stock was up 5.2%

• The bullish movement in ON Semiconductor Corp.'s stock can be attributed to the increased stake by Pictet Asset Management Holding SA and other institutional investors, indicating confidence in the company's future prospects.
• Despite recent insider selling by the company's CFO, Thad Trent, the market seems to have reacted positively to the strategic moves within the semiconductor sector and positive analyst upgrades, leading to the stock's upward momentum.
• The stock's overvaluation based on its GF Value did not deter investors, possibly due to the overall positive sentiment surrounding the semiconductor industry and the company's growth potential in areas like quantum computing and advanced packaging.
• The mixed analyst ratings and recent share price volatility of SkyWater Technology (SKYT) may have indirectly influenced investors to turn to ON Semiconductor Corp. as a more stable investment option within the semiconductor sector, contributing to the bullish movement in the stock.

29.03.2026 - ON Stock was up 5.9%

• ON Semiconductor Corp. (ON) stock closed 4.83% lower at $93.30 in a bearish market session, displaying underperformance.
• The decline in the stock price might be linked to significant insider selling, specifically by EVP & CFO Trent Thad, indicating potential doubts about the company's future performance.
• Other factors that could have contributed to the negative market sentiment include mixed analyst ratings and the stock being deemed significantly overvalued with a GF Value of $58.38.
• Despite the challenging market conditions and sales by insiders, investors are advised to stay vigilant regarding any new developments and carefully evaluate the risks and potential rewards associated with ON Semiconductor Corp.

05.04.2026 - ON Stock was up 1.7%

• Strong performance in Q1 2026, exceeding revenue and EPS projections, was driven by substantial growth in AI data center revenue for ON Semiconductor.
• Optimistic projections, including the anticipation of doubling AI data center revenue annually and continuous gross margin expansion, bolstered investor confidence and drove the stock price upwards.
• Positive market sentiment, demonstrated by the uptick in stock futures and unwavering investor optimism amid geopolitical uncertainties, likely contributed to the company's strong performance.
• Emphasis on growth drivers like automotive, industrial, and AI applications, together with notable share buybacks and promising growth opportunities, positioned ON Semiconductor well in the market, leading to significant bullish movement.

12.04.2026 - ON Stock was down 5.1%

• The completion of a private offering amounting to $1.5 billion in 0% Convertible Senior Notes due 2031, coupled with the full exercise of the initial purchasers' option, raised concerns about potential dilution and rising debt levels, resulting in a negative impact on investor confidence.
• Despite recent achievements like outperforming competitors and hitting a 52-week high, the sale of 48,860 ON shares by Simon Keeton, an insider, could indicate profit-taking or skepticism regarding the stock's short-term prospects, contributing to the bearish trend.
• On a day when the broader market thrived, as evidenced by gains in both the S&P 500 Index and the Dow Jones Industrial Average, the decline in ON Semiconductor's stock may have been more influenced by internal factors than by overall market trends.
• Investors will be focusing on forthcoming earnings releases from prominent companies such as ON Semiconductor to glean insights into semiconductor demand patterns and consumer expenditure habits, factors poised to impact the stock's performance in the near term.