Why ON Semiconductor Corporation (ON) stock moved
ON Semiconductor Corporation (ON) shares fell 3.1% to $71.93 as of August 24, 2026, a moderate decline from the prior close of $74.21. BestStocks flagged the session as a major change for ON. The move is tied to price move down. Below, we break down what changed for ON, why it matters for investors, how the stock reacted, and the catalysts on the calendar.
ON fell 3.1% to $71.93
ON fell 3.1% in its latest session, moving from $74.21 to $71.93.
What it means for ON Semiconductor Corporation investors
For ON Semiconductor Corporation investors, the recent signals add up to a bearish shift. On the constructive side: ON moved +3.44% from its $75.73 open to a $78.33 close on 2026-08-06; ON Semiconductor Corporation (ON) moved +5.03% from $86.70 to $91.06 on 2026-07-21. Weighing against that: Material negative event; Negative session, down 3.1%. Because peers moved similarly, the shift looks more macro- or sector-driven than a change in ON's fundamentals. Wall Street's consensus price target sits at $104.67, implying +45.5% upside from $71.93. BestStocks rates the overall signal quality low (45/100). With earnings roughly 70 days out, the next report is the most likely near-term test of the move.
ON price reaction
ON last traded at $71.93, down $2.28 (-3.07%) from the previous close of $74.21. Its technology peer group moved a median -3.1% over the same stretch, leaving ON essentially in line with peers. Over the past month the stock has ranged between $71.93 and $89.04, and it currently sits about 0% of the way up that band.
Bullish and bearish analyst opinions on ON Semiconductor Corporation (ON)
The consensus analyst price target on ON Semiconductor Corporation (ON) is $104.67, 45.5% above the recent $71.93. Over the past 90 days analysts logged 0 upgrades, 24 maintains, and 0 downgrades. Here is how the bullish and bearish cases on ON line up.
The bullish case
- Wall Street's consensus price target of $104.67 implies +45.5% upside from $71.93.
- The Street's most bullish target is $150.00 (+108.5%).
- ON moved +3.44% from its $75.73 open to a $78.33 close on 2026-08-06.
- ON Semiconductor Corporation (ON) moved +5.03% from $86.70 to $91.06 on 2026-07-21.
The bearish case
- The most bearish analyst target is $40.00 (-44.4%).
- Material negative event.
- Negative session, down 3.1%.
- ON Semiconductor fell 3.52% to $77.94 in intraday trading with volume at 1.12x normal levels for this time of session.
- ON Semiconductor Corporation (ON) moved -5.83% from $95.96 to $90.37 on 2026-07-13.
Weighing both sides, BestStocks' composite read of recent signals is bearish, as the bull-versus-bear meter above shows. This is an educational summary of the bull and bear case, not investment advice.
Analyst price targets and ratings are FMP consensus figures as of Aug 24, 2026; other aggregators may differ. High and low targets show the range of estimates, not forecasts.
Previous notable changes for ON
Frequently asked questions about ON
Why did ON Semiconductor Corporation (ON) stock move?
ON fell 3.1% to $71.93. No single company-specific catalyst was confirmed during the move window, and it looks like a sector-wide move.
How much did ON stock fall?
ON lost 3.07% ($2.28) versus the prior close of $74.21, last trading at $71.93.
When is ON Semiconductor Corporation's next earnings date?
ON's next earnings report is estimated for 2026-11-02 — about 70 days away.
What is the analyst price target for ON?
The consensus analyst price target for ON is $104.67, about 45.5% above the current $71.93. Over the past 90 days, analysts recorded 0 upgrades, 24 maintains, and 0 downgrades.
Is the ON move company-specific or sector-wide?
BestStocks classifies it as a sector-wide move: the peer group moved a median -3.1% against ON's -3.1%. ON ranks top 4 of 7 peers.
How BestStocks tracks ON
This page is generated automatically by BestStocks' change-detection system after price move down was detected and verified against independent data sources. It draws on 20 tracked change events for ON, cross-checked against the data sources listed below. Price, volume, and market-capitalization figures are the live intraday quote as of August 24, 2026 and refresh as new information is detected; for companies with multiple share classes, market-cap figures can differ by data source. Analyst price targets and ratings are FMP consensus. This is an educational summary of what changed and why — not personalized investment advice.