ON Semiconductor Corporation ($ON) Stock Forecast: Up 5.9% Today

What is ON Semiconductor Corporation?

ON Semiconductor Corp. (ON) is a semiconductor company specializing in power and data management semiconductors. The company's operations include segments such as Power Solutions Group and Intelligent Sensing Group.

Why is ON Semiconductor Corporation going up?

ON stock is up 5.9% on Apr 29, 2026 18:36

• 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.

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ASE posts NT$14.1B profit; chip packaging revenue climbs 30%

ASE Technology Holding (NYSE: ASX) reported unaudited consolidated net revenues of NT$173,662 million for Q1 2026, marking a 17.2% year-over-year increase, while net income attributable to shareholders reached NT$14,148 million. The core ATM segment saw significant growth, with revenues up 29.7% year-over-year and profit almost doubling, driven by strong demand in packaging and testing operations. Despite a sequential dip in overall revenue and EMS segment performance, the company maintained strong gross and operating margins and invested US$1,003 million in capital expenditures.

https://www.stocktitan.net/news/ASX/ase-technology-holding-co-ltd-reports-its-unaudited-consolidated-j1wjeyykaib4.html

ON Semiconductor Corp. stock underperforms Tuesday when compared to competitors

ON Semiconductor Corp. (ON) stock fell 4.83% on Tuesday, closing at $93.30. This underperformance occurred during a generally down day for the stock market, with both the S&P 500 Index and Dow Jones Industrial Average also declining. This marked the second consecutive day of losses for the company's stock.

https://www.marketwatch.com/data-news/on-semiconductor-corp-stock-underperforms-tuesday-when-compared-to-competitors-2c39e581-7159027a6353?mod=mw_quote_news

ON Semiconductor Corporation $ON Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its stake in ON Semiconductor Corporation by 38.8% in the fourth quarter, now owning 3,981,981 shares valued at $215,624,000. Other institutional investors also adjusted their holdings, and company insiders have recently sold shares. Analyst ratings for ON Semiconductor are mixed, with a consensus "Hold" rating and a target price of $67.15.

https://www.marketbeat.com/instant-alerts/filing-on-semiconductor-corporation-on-shares-bought-by-pictet-asset-management-holding-sa-2026-04-28/

Assessing SkyWater Technology (SKYT) Valuation After Recent Share Price Volatility

SkyWater Technology (SKYT) has experienced recent stock volatility, leading to a share price of US$31.82, which is below the analyst target of US$35 but above its intrinsic value estimate. While a narrative suggests the stock is undervalued due to its expansion into quantum computing and advanced packaging, a different view based on its P/E ratio indicates less room for error compared to industry averages, highlighting mixed sentiment among investors. The article encourages investors to quickly assess the data and underlying risks and rewards.

https://simplywall.st/stocks/us/semiconductors/nasdaq-skyt/skywater-technology/news/assessing-skywater-technology-skyt-valuation-after-recent-sh

Insider Sell: Trent Thad Sells 60,000 Shares of ON Semiconductor Corp (ON)

Trent Thad, EVP & CFO of ON Semiconductor Corp's subsidiary, sold 60,000 shares of the company on April 24, 2026. This sale is part of a trend where Thad has sold 170,000 shares over the past year with no purchases. The stock is currently trading at $96.5, with a market cap of $38.561 billion, and is considered significantly overvalued based on its GF Value of $58.38.

https://www.gurufocus.com/news/8821276/insider-sell-trent-thad-sells-60000-shares-of-on-semiconductor-corp-on

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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.

02.03.2026 - ON Stock was down 5.2%

• F&V Capital Management LLC's acquisition of a significant number of ON Semiconductor shares may have initially signaled confidence in the company, but concerns over insider selling by the CEO and CFO likely contributed to bearish sentiment.
• The positive catalysts for ON Semiconductor, such as the design win with Sineng Electric and benefits from the semiconductor rally, were overshadowed by the insider selling news, leading to a bearish market movement.
• The comparison with SkyWater Technology's overvaluation despite a strong rally raises questions about ON Semiconductor's own valuation, potentially causing investors to reevaluate their positions and resulting in the bearish movement.
• Hassane El-Khoury's celebrated leadership and strategic vision for ON Semiconductor may have long-term benefits, but short-term market reactions to insider selling and valuation concerns could have driven the bearish movement today.

16.03.2026 - ON Stock was up 6.9%

• A decrease in stake by Sumitomo Mitsui Trust Group Inc. may have initially created uncertainty around ON Semiconductor. However, the increased positions held by other institutional investors could have counteracted this negative impact.
• Loop Capital's adjustment of the price target and reiteration of a Buy rating have reinforced favorable market sentiment towards ON Semiconductor, contributing to the stock's positive momentum.
• While ON Semiconductor has occasionally underperformed in comparison to broader market indices, its consistent daily growth signals a fundamental strength and heightened investor trust in the company's future outlook.
• ON Semiconductor's elevation to a Buy rating by BofA, emphasizing its strong AI product pipeline and sturdy free cash flow, likely bolstered investor confidence and played a role in the stock's upward trajectory.

16.03.2026 - ON Stock was up 10.3%

• ON Semiconductor (ON) stock reached a new 52-week high at $76.56, showing a strong bullish movement.
• The positive trend can be attributed to robust demand in the semiconductor industry, strategic growth initiatives, and recent upgrades from BofA Securities.
• Despite a decrease in ownership by Sumitomo Mitsui Trust Group Inc., other institutional investors have increased their positions. Additionally, positive sentiment from Loop Capital with an increased price target of $85 has contributed to the stock's upward trajectory.
• Although the stock faces revenue challenges and high valuation risks, it has outperformed industry competitors in recent trading sessions, demonstrating resilience and market strength.

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.

08.03.2026 - ON Stock was up 8.4%

• ON Semiconductor experienced a strong bullish movement driven by:
• Surpassing EPS estimates amidst revenue decline, demonstrating resilience in tough market conditions.
• Favorable investor sentiment evident in "Hold" ratings and price target increases from Wall Street, suggesting stability and potential growth.
• Cost reduction and product enhancements by management contributing to profitability and positive cash flow, boosting investor confidence.
• A director's insider stock retainer transaction, while not directly influencing market trends, underscores ongoing dedication and alignment with company performance.

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.

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.