ON Semiconductor Corporation ($ON) Stock Forecast: Down 7.2% Today

What is ON Semiconductor Corporation?

A semiconductor manufacturing company listed on the NASDAQ exchange, ON Semiconductor Corporation (ON), witnessed a notable bearish movement in the market today.

Why is ON Semiconductor Corporation going down?

ON stock is down 7.2% on Jan 9, 2025 20:35

• ON Semiconductor's stock demonstrated a substantial bearish movement today, potentially signaling the start of a new downtrend following a breach of a critical support level at $61.
• The stock faced an excess of supply over demand, resulting in a decline in its price.
• Despite outperforming the market recently with a 0.94% rise, ON Semiconductor encountered selling pressure today due to the imbalance between supply and demand.
• Technical analysis indicates that the stock might continue to experience downward pressure in the short term unless there is a change in market sentiment or fundamental factors.

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ON Semiconductor Corporation ( ON ) technical analysis - ON Semiconductor ( NASDAQ:ON )

ON Semiconductor faces potential new downtrend after breaking key $61 support level. Increased supply outweighs demand, pushing ON Semiconductor shares lower. There has been more supply, or shares for sale, than there has been demand, or shares to buy, for ON Semiconductor Corporation ON, ...

https://www.benzinga.com/25/01/42901743/stock-of-the-day-will-the-on-semiconductor-meltdown-continue

Why ON Semiconductor Corp. ( ON ) Outpaced the Stock Market Today

ON Semiconductor Corp. (ON) reachead $64.51 at the closing of the latest trading day, reflecting a +0.94% change compared to its last close.

https://www.zacks.com/stock/news/2392516/why-on-semiconductor-corp-on-outpaced-the-stock-market-today

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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.

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.

08.00.2025 - ON Stock was down 5.5%

• The downward movement in ON's stock price today could be linked to profit-taking behavior by investors following a recent uptrend.
• Despite the overall positive performance of the stock, market sentiment could have been influenced by broader economic uncertainties or sector-specific events.
• Investors may have responded to technical signals or market speculations, resulting in a sell-off of ON Semiconductor Corp. (ON) shares.
• It is important to keep tabs on any upcoming announcements or financial updates from the company to gain insights into the underlying reasons for today's downward trend.

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.

17.11.2024 - ON Stock was up 5.1%

• The partnership with Denso in enhancing self-driving technology highlights ON Semiconductor's dedication to innovation and growth in the autonomous vehicle sector.
• Over the past decade, ON Semiconductor has consistently exceeded the market performance by 9.8% annually, underscoring its robust financial track record and market positioning.
• Despite a larger drop than the general market on the latest trading day, the overall bullish movement indicates investors' optimism about ON Semiconductor's long-term prospects, potentially influenced by the positive collaboration with Denso and the company's historical performance.

02.11.2024 - ON Stock was up 3.5%

• Factors contributing to the bullish movement in ON stock include:
• Investor optimism surrounding the company's potential rebound following a 5.2% decline post the last earnings report.
• Positive earnings projections and insights into the company's future performance fostering investor confidence and attraction towards ON stock.
• General positivity in the semiconductor sector fueling ON stock, with investors eyeing growth prospects within the industry.

09.00.2025 - ON Stock was down 7.2%

• ON Semiconductor's stock demonstrated a substantial bearish movement today, potentially signaling the start of a new downtrend following a breach of a critical support level at $61.
• The stock faced an excess of supply over demand, resulting in a decline in its price.
• Despite outperforming the market recently with a 0.94% rise, ON Semiconductor encountered selling pressure today due to the imbalance between supply and demand.
• Technical analysis indicates that the stock might continue to experience downward pressure in the short term unless there is a change in market sentiment or fundamental factors.