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

What is ON Semiconductor Corporation?

ON Semiconductor Corporation (ON) operates in the semiconductor industry, known for its technology innovations across various sectors. ON recently showed a strong upward movement in the market.

Why is ON Semiconductor Corporation going up?

ON stock is up 6.6% on Jun 2, 2026 16:51

• ON Semiconductor's stock surged to a record high of $129.17, marking an impressive 184% rise in the last year. This upward trend is attributed to:
• Strong investor confidence in ON's strategic position within the semiconductor sector, boosting optimism and attracting more buyers.
• The introduction of leveraged ETFs focused on ON Semiconductor, signaling wider market interest in semiconductor firms and their growth potential in areas like AI and automotive electrification.
• Positive sentiment towards semiconductor companies, evidenced by progress in AI data center technologies and the expected expansion of the AI data center market to $25 billion by 2030.
• Analysts' increased earnings revisions depict a favorable outlook for ON Semiconductor, reinforcing market confidence in the company's future performance and growth prospects.

ON Price Chart

ON Technical Analysis

ON News

On Semiconductor stock reaches all-time high at 129.17 USD

On Semiconductor Corporation's stock has reached an all-time high of $129.17, with a remarkable 184% increase over the past year. Despite its elevated P/E ratio, 27 analysts have revised earnings upwards, indicating continued optimism. This surge is attributed to strong investor confidence and the company's strategic position in the growing semiconductor industry.

https://au.investing.com/news/company-news/on-semiconductor-stock-reaches-alltime-high-at-12917-usd-93CH-4467835

Leverage Shares by Themes Targets Semiconductor Demand, Adding ON and NXPI to Leveraged Singe Stock ETF Lineup

Leverage Shares by Themes has launched two new 2X single-stock leveraged ETFs, ONG and NXPG, targeting ON Semiconductor Corp (ON) and NXP Semiconductors (NXPI), respectively. These ETFs aim to provide active traders with 200% exposure to the daily performance of these semiconductor companies. The move reflects a commitment to offering targeted trading tools for leading chipmakers, capitalizing on their central role in long-term technology trends like AI and automotive electrification.

https://www.manilatimes.net/2026/06/02/tmt-newswire/globenewswire/leverage-shares-by-themes-targets-semiconductor-demand-adding-on-and-nxpi-to-leveraged-singe-stock-etf-lineup/2356916

ResMed Stock Delivers Strong Cash Yield – Upside Ahead?

ResMed (RMD) is presented as a potentially strong investment due to its high free cash flow yield of 6.4%, robust operating margins, and revenue growth, despite being currently undervalued compared to its past performance. The article highlights RMD's solid fundamentals and suggests that the company is well-positioned to either reinvest cash for growth or return it to shareholders. It also places RMD in the context of a diversified portfolio strategy, noting the risks of single-stock investments and suggesting alternative high-cash-yield stocks.

https://www.trefis.com/stock/rmd/articles/601020/resmed-stock-delivers-strong-cash-yield-upside-ahead/2026-06-02

Microchip retimers cut PCIe 6.0 latency ~80% for AI data centers

Microchip Technology (NASDAQ: MCHP) has introduced new XpressConnect PCIe 6.0 and CXL 3.1 retimers designed to address latency and signal integrity challenges in AI data centers. These retimers can extend signal reach and reduce pin-to-pin latency by approximately 80% compared to PCIe 6.0 specifications, which helps improve the utilization of AI accelerators and GPUs. The new products integrate with Microchip’s existing data center portfolio and provide diagnostic capabilities through the ChipLink ecosystem.

https://www.stocktitan.net/news/MCHP/xpress-connect-tm-pc-ie-6-0-and-cxl-3-1-retimers-address-latency-and-omiqz57nkmot.html

AI data center optical links target $25B market by 2030

GlobalFoundries and Sivers Semiconductors have partnered to develop advanced silicon photonics solutions for the AI data center market. Sivers' laser arrays will be integrated into GF's silicon photonics platform and SCALE™ optical engine solutions, targeting architectures like CPO and LPO. This collaboration aims to tap into the projected $25 billion pluggable optics market by 2030, addressing the need for higher bandwidth, improved energy efficiency, and scalable optical connectivity in AI infrastructure.

https://www.stocktitan.net/news/GFS/sivers-global-foundries-advance-ai-data-center-optical-mmpj5ta36n1d.html

Trending Today

Cleveland-Cliffs Inc. ($CLF) Stock Forecast: Up 6.6% Today

XRP ($XRP) Crypto Forecast: Down 5.1% Today

The Trade Desk Inc ($TTD) Stock Forecast: Down 7.8% Today

Deere & Company ($DE) Stock Forecast: Up 6.4% Today

Novavax Inc. ($NVAX) Stock Forecast: Down 5.1% Today

Tenet Healthcare Corporation ($THC) Stock Forecast: Down 5.1% Today

Aptiv PLC ($APTV) Stock Forecast: Up 6.7% Today

HP Inc. ($HPQ) Stock Forecast: Down 5.7% Today

Palantir Technologies Inc ($PLTR) Stock Forecast: Down 6.0% Today

MicroVision Inc. ($MVIS) Stock Forecast: Down 32.9% Today

ON Semiconductor Corporation Price History

22.04.2026 - ON Stock was up 8.1%

• ON Semiconductor Corp. (ON) saw a significant price increase of 9.60% in one week, driven by strong momentum and positive outlook indicators like outperformance against its industry and the S&P 500.
• Focus on high-value epitaxial layers for AI power devices indicates a growing demand in the market, potentially benefiting semiconductor companies like ON Semiconductor.
• Advancements in low-power imaging for AI data centers suggest a broader industry trend towards energy-efficient solutions, which could positively impact semiconductor companies like ON Semiconductor.
• The overall positive performance of semiconductor companies and their strategic moves towards high-value technologies could have contributed to ON Semiconductor's bullish movement today.

18.04.2026 - ON Stock was down 5.1%

• ON Semiconductor Corp. faced a bearish market movement today, possibly influenced by broader industry trends and geopolitical factors.
• The disappointment following the U.S.-China summit, where semiconductor sales to China were not addressed, led to a downturn in several semiconductor stocks, including ON Semiconductor.
• Despite ON Semiconductor's impressive long-term growth and positive outlook in AI data centers and automotive markets, the lack of progress in key trade discussions may have sparked concerns among investors, contributing to the bearish movement.
• While ON Semiconductor's historical performance has been robust, today's market reaction underscores the impact of external factors on stock prices, highlighting the importance of monitoring global developments in the semiconductor industry.

22.04.2026 - ON Stock was up 5.1%

• ON Semiconductor experienced a bullish movement today, potentially driven by the following factors:
• The focus on high-value epitaxial layer in the SiC market, indicating a positive outlook for semiconductor companies like ON Semiconductor that are involved in power device technologies.
• ETFs investing in ON Semiconductor Corporation stocks, showcasing investor confidence in the company's future growth and performance.
• Advancements in low-power imaging for AI data center growth, suggesting a favorable environment for semiconductor companies involved in similar technological developments.
• GARP strategy highlighting the potential for growth and reasonable valuation in the semiconductor industry, which could have positively influenced investor sentiment towards ON Semiconductor.

02.05.2026 - ON Stock was up 8.7%

• ON Semiconductor saw a strong upward movement possibly due to the introduction of leveraged ETFs associated with the company, signaling growing investor interest and confidence in its future in the semiconductor field.
• The positivity towards semiconductor firms, including ON, could be linked to advancements in AI data center technologies, as shown by Microchip's latest retimers and the partnership between GlobalFoundries and Sivers Semiconductors targeting the AI data center optical links market.
• Despite market fluctuations seen in Wolfspeed Inc.'s earnings and revenue results, investors remain positive about ON Semiconductor's position in the changing semiconductor industry landscape, driven by broader semiconductor investment trends and the potential for growth in key sectors like AI infrastructure.

19.04.2026 - ON Stock was down 5.4%

• ON Semiconductor Corp (ON) saw a 3.2% decrease in its stock value, suggesting a potential overvaluation when compared to its estimated GF Value™ of $59.70, contrasted with its current trading price of $109.43.
• Recent insider trading activities unveiled a notable sell-off of shares worth $8.5 million in the last quarter, pointing to a probable lack of confidence internally, as no purchases were made.
• Even though providing directors with restricted shares can align their interests with shareholders, it might have contributed to the prevailing negative outlook on the stock.
• Despite the contract extension of an executive and favorable outcomes from the 2026 annual stockholder meeting, the stock price remained unaffected, indicating that factors other than these developments were steering the downward trend.

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.

27.04.2026 - ON Stock was down 5.8%

• ON Semiconductor Corp. faced a substantial decline in its stock price despite surpassing its competitors and the semiconductor sector in recent times.
• The increased market value of Micron Technology and optimistic predictions for the AI hardware market potentially diverted investor attention from ON Semiconductor, resulting in the downward trend.
• An analysis of ON Semiconductor and NXP Semiconductors within the automotive chip market shed light on the competitive scenario, potentially impacting investor confidence in ON's market position.
• The industry-wide upsurge in semiconductor stocks, exemplified by Rambus Inc., indicates a potential shift in investor allocations toward other companies in the sector, contributing to the decline in ON Semiconductor's stock performance today.

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.

02.05.2026 - ON Stock was up 6.6%

• ON Semiconductor's stock surged to a record high of $129.17, marking an impressive 184% rise in the last year. This upward trend is attributed to:
• Strong investor confidence in ON's strategic position within the semiconductor sector, boosting optimism and attracting more buyers.
• The introduction of leveraged ETFs focused on ON Semiconductor, signaling wider market interest in semiconductor firms and their growth potential in areas like AI and automotive electrification.
• Positive sentiment towards semiconductor companies, evidenced by progress in AI data center technologies and the expected expansion of the AI data center market to $25 billion by 2030.
• Analysts' increased earnings revisions depict a favorable outlook for ON Semiconductor, reinforcing market confidence in the company's future performance and growth prospects.

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.