Why ON Semiconductor Corporation (ON) stock moved
ON Semiconductor Corporation (ON) shares fell 3.6% to $71.06 as of November 14, 2026, a moderate decline from the prior close of $73.73. BestStocks flagged the session as a major change for ON. 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 3.6% to $71.06
ON fell 3.6% in its latest session, moving from $73.73 to $71.06.
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 Semiconductor surged +8.88% to $68.93, driven by a broad semiconductor sector rebound following last week's tech sell-off and relief buying after the company restructured its Synaptics acquisition from all-stock to all-cash (~$5.7B), removing dilution concerns (web_catalyst; corroborated by investor.onsemi.com); Positive price momentum. Weighing against that: Material negative event; Negative session, down 3.6%. 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 $100.50, implying +41.4% upside from $71.06. BestStocks rates the overall signal quality low (47/100). With earnings roughly 86 days out, the next report is the most likely near-term test of the move.
ON price reaction
ON last traded at $71.06, down $2.67 (-3.62%) from the previous close of $73.73. The session traded on 0.7× average volume (below avg), so participation was unremarkable. Its technology peer group moved a median -2.5% over the same stretch, leaving ON behind the group by 1.1 points. Over the past month the stock has ranged between $63.01 and $78.67, and it currently sits about 51% 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 $100.50, 41.4% above the recent $71.06. 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 $100.50 implies +41.4% upside from $71.06.
- The Street's most bullish target is $150.00 (+111.1%).
- ON Semiconductor surged +8.88% to $68.93, driven by a broad semiconductor sector rebound following last week's tech sell-off and relief buying after the company restructured its Synaptics acquisition from all-stock to all-cash (~$5.7B), removing dilution concerns (web_catalyst; corroborated by investor.onsemi.com).
- Positive price momentum.
The bearish case
- The most bearish analyst target is $62.00 (-12.7%).
- Material negative event.
- Negative session, down 3.6%.
- ON Semiconductor shares fell 6.83% to $70.10 as sector-wide weakness in tech and semiconductors pressured the stock following cautious guidance from peers like Intel and Amazon, compounded by pre-earnings positioning ahead of the company's Q3 results scheduled for November 2 (Zacks, Yahoo Finance).
- ON Semiconductor Corporation moved -6.18% intraday from $94.69 to $88.84.
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 Nov 14, 2026; other aggregators may differ. High and low targets show the range of estimates, not forecasts.
Previous notable changes for ON
In-depth ON event analyses
Frequently asked questions about ON
Why did ON Semiconductor Corporation (ON) stock move?
ON fell 3.6% to $71.06. 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 3.62% ($2.67) versus the prior close of $73.73, last trading at $71.06 on 0.7× average volume.
When is ON Semiconductor Corporation's next earnings date?
ON's next earnings report is estimated for 2027-02-08 — about 86 days away.
What is the analyst price target for ON?
The consensus analyst price target for ON is $100.50, about 41.4% above the current $71.06. 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 -2.5% against ON's -3.6%. ON ranks top 5 of 7 peers.
How BestStocks tracks ON
This page is generated automatically by BestStocks' change-detection system after its price and volume cleared ON-specific materiality thresholds, triggering an evidence check. 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 November 14, 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.