ON Semiconductor Corporation ($ON) Stock Forecast: Down 7.1% Today

What is ON Semiconductor Corporation?

ON Semiconductor (NASDAQ: ON) has a market capitalization of $31.37 billion. Despite outperforming the market over the past 10 years, a strong bearish movement was observed today.

Why is ON Semiconductor Corporation going down?

ON stock is down 7.1% on Oct 31, 2024 14:08

• ON Semiconductor's third-quarter earnings surpassed expectations, with a 19.2% revenue decline compared to the previous year but still exceeding analyst forecasts.
• The company's Q3 2024 earnings report highlighted robust demand for its business segment and end-market products.
• Despite positive earnings, today's bearish trend in the stock could be due to profit-taking by investors following a period of outperformance.
• The market movement may also be influenced by broader market conditions or sector-specific developments impacting semiconductor stocks, contributing to ON Semiconductor's bearish performance.

ON Price Chart

ON Technical Analysis

ON News

$100 Invested In ON Semiconductor 10 Years Ago Would Be Worth This Much Today - ON Semiconductor ( NASDAQ:ON )

ON Semiconductor ON has outperformed the market over the past 10 years by 13.54% on an annualized basis producing an average annual return of 24.72%. Currently, ON Semiconductor has a market capitalization of $31.37 billion.

https://www.benzinga.com/insights/news/24/10/41635530/100-invested-in-on-semiconductor-10-years-ago-would-be-worth-this-much-today

Company News for Oct 29, 2024

Companies In The Article Are:BA, TSM,MRNA, ON ...

https://www.zacks.com/stock/news/2359426/company-news-for-oct-29-2024

These Analysts Revise Their Forecasts On ON Semiconductor After Q3 Results - ON Semiconductor ( NASDAQ:ON )

ON Semiconductor Corp ON posted better-than-expected earnings for the third quarter on Monday. The company posted a revenue decline of 19.2% year-on-year to $1.76 billion, beating the analyst consensus estimate of $1.75 billion. The adjusted EPS of 99 cents beat the analyst consensus estimate of ...

https://www.benzinga.com/news/earnings/24/10/41598277/these-analysts-revise-their-forecasts-on-on-semiconductor-after-q3-results

ON Semiconductor Q3 Earnings Beat Estimates: Will Raised View Aid Shares?

ON's third-quarter 2024 performance reflects strong demand for business segment and end-market products.

https://www.zacks.com/stock/news/2358938/on-semiconductor-q3-earnings-beat-estimates-will-raised-view-aid-shares

ON Semiconductor Corp. ( ON ) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

While the top- and bottom-line numbers for ON Semiconductor Corp. (ON) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

https://www.zacks.com/stock/news/2358763/on-semiconductor-corp-on-q3-earnings-taking-a-look-at-key-metrics-versus-estimates

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ON Semiconductor Corporation Price History

03.08.2024 - ON Stock was down 5.1%

• The bearish movement in ON Semiconductor's stock today could be attributed to the overall negative sentiment in the semiconductor industry.
• Investors may have reacted to industry comparisons, possibly finding some weaknesses or challenges for ON Semiconductor compared to its competitors.
• Market participants might be concerned about ON Semiconductor's positioning and growth prospects within the semiconductor and semiconductor equipment sector, leading to a sell-off of the stock.
• It is essential for investors to closely monitor any developments in the competitive landscape and industry trends to make informed decisions regarding ON Semiconductor's stock.

29.07.2024 - ON Stock was up 5.1%

• The bullish movement of ON Semiconductor today could be attributed to positive sentiment surrounding the company's competitive position within the semiconductor industry.
• A comparison between ON Semiconductor and its industry peers may have instilled confidence in investors regarding the company's growth prospects and market standing.
• Investors likely reacted favorably to the analysis, driving up the stock price as they see ON Semiconductor as a strong contender in the semiconductor and semiconductor equipment sector.

28.09.2024 - ON Stock was up 5.1%

• Strong Q3 earnings and revenue performance exceeded expectations, reflecting robust financial results.
• Despite a 19.2% decline in revenue compared to the previous year, ON Semiconductor outperformed analyst projections, demonstrating resilience in a competitive market.
• Emphasizing growth in automotive and AI sectors, ON Semiconductor potentially fueled investor confidence and the stock's positive momentum.
• Bearish options activity was potentially overshadowed by favorable earnings, driving the stock price upward.

19.08.2024 - ON Stock was up 5.2%

• The bearish options trading activity on ON Semiconductor could imply some investors taking a contrarian view on the stock, possibly betting against the bullish trend.
• Despite the bearish sentiment in options trading, the average brokerage recommendation for ON Semiconductor remains at a Buy, indicating optimism among Wall Street analysts about the company's future prospects.
• The conflicting signals from options trading and brokerage recommendations might be contributing to volatility in ON's stock price. Nevertheless, the bullish movement today could be attributed to positive market sentiment and investor confidence in the company's growth potential.

25.09.2024 - ON Stock was up 5.1%

• ON Semiconductor (ON) showed significant bullish movement today.
• Detailed analysis and insights into ON Semiconductor's performance, along with comparisons with competitors, likely contributed to positive investor sentiment.
• Despite a slight market decline, the bullish trend for ON Semiconductor could be attributed to optimistic projections for key metrics in the upcoming quarter, boosting investor confidence.
• The thorough analysis and favorable industry comparisons may have reinforced investors' belief in ON Semiconductor's competitive positioning and growth prospects, prompting the bullish market behavior.

31.09.2024 - ON Stock was down 7.1%

• ON Semiconductor's third-quarter earnings surpassed expectations, with a 19.2% revenue decline compared to the previous year but still exceeding analyst forecasts.
• The company's Q3 2024 earnings report highlighted robust demand for its business segment and end-market products.
• Despite positive earnings, today's bearish trend in the stock could be due to profit-taking by investors following a period of outperformance.
• The market movement may also be influenced by broader market conditions or sector-specific developments impacting semiconductor stocks, contributing to ON Semiconductor's bearish performance.

26.08.2024 - ON Stock was up 5.1%

• Demonstrating an impressive track record, ON Semiconductor has outperformed the market by 11.99% annually and has yielded an average return of 23.38% over the last ten years.
• Despite registering a positive uptrend today, ON Semiconductor marginally underperformed the broader market, marking a 0.24% rise from the previous day's closing price.
• The sustained success of ON Semiconductor can be attributed to its consistent adoption of growth strategies, advancements in technology, and its strong market position within the semiconductor sector.
• Investor confidence in ON Semiconductor's future outlook remains robust, leading to an increase in the stock price amid a competitive market landscape.

14.09.2024 - ON Stock was up 2.8%

• Demonstrated a robust bullish movement despite challenges like macroeconomic uncertainty and a decline in revenue.
• Noteworthy performance in the past decade, surpassing market performance and offering substantial returns to investors, likely influencing the positive sentiment.
• Investor optimism towards ON Semiconductor's long-term growth potential appears strong, focusing on its strategic position in the semiconductor sector while overlooking recent market fluctuations.
• Despite concerns regarding intense competition and inventory adjustments in critical markets, ON Semiconductor's resilience and growth potential have resonated well with investors, fueling the bullish market activity.

23.09.2024 - ON Stock was up 5.3%

• There is a slight decrease in ON Semiconductor Corp.'s stock price that may be a temporary dip amidst an overall bullish trend.
• Market sentiment towards ON Semiconductor Corp. remains positive, leading to a bullish movement despite the minor fall in stock price.
• Investors are optimistic about the company's future prospects, potentially driven by strong financial performance or positive industry developments.
• The market appears to focus more on the long-term growth potential of ON Semiconductor Corp., overshadowing any short-term fluctuations.

13.07.2024 - ON Stock was up 5.0%

• ON Semiconductor (ON) experienced a strong bullish movement today, potentially driven by a combination of factors:
• Positive drill results for Avalon Advanced Materials at the Separation Rapids Project, indicating high-grade lithium intersections and an upcoming updated mineral resource estimate in Q3 2024.
• Analysts' confidence in the long-term prospects of semiconductor companies like ON, as highlighted by upgrades and recommendations to buy amid recent sector sell-offs.
• Historical performance showing ON Semiconductor has outperformed the market significantly over the past decade, with an average annual return of 23.42%, potentially attracting investor interest.
• The overall bullish sentiment in the market towards semiconductor stocks, despite some fluctuations in the sector, with analysts emphasizing the strong demand for chips and technology infrastructure.

07.07.2024 - ON Stock was down 5.0%

• The bearish movement in ON Semiconductor Corp's stock today could be attributed to the insider sale by Group President, PSG Simon Keeton of a significant number of shares. Insider selling can sometimes signal lack of confidence in the company's future performance, leading to a negative sentiment among investors.
• Mention of high-growth stocks trading at fair value, which included semiconductor companies like Nvidia, could have influenced the market movement. Investors might be shifting their focus towards other high-growth opportunities in the tech sector, causing a sell-off in ON Semiconductor Corp's stock.
• Additionally, assessing ON Semiconductor's performance against competitors in the semiconductor industry might have revealed weaknesses or challenges faced by the company, impacting investor confidence and contributing to the bearish trend in the stock price.
• Overall, the combination of insider selling, shifting investor focus towards other high-growth opportunities, and performance assessments against competitors could have collectively contributed to the bearish movement in ON Semiconductor Corp's stock today.

15.07.2024 - ON Stock was up 5.4%

• ON Semiconductor experienced a strong bullish movement today.
• The bullish trend could be attributed to positive options trading activity, with a significant amount of options trades detected for the company, indicating investor interest and confidence in its future performance.
• Additionally, the positive sentiment in the semiconductor industry, as highlighted by analysts' confidence in companies like Nvidia, AMD, and ON Semiconductor, could have contributed to the bullish movement of ON stock.
• The upcoming mineral resource estimate update by Avalon Advanced Materials, reporting high-grade lithium intersections, might have also positively impacted ON Semiconductor, as it reflects potential growth in the critical minerals sector where ON Semiconductor operates.