ON Semiconductor Corporation (ON) shares fell 1.3% to $72.25 as of October 24, 2026, a modest decline from the prior close of $73.23. BestStocks flagged the session as a major change for ON. The move is tied to company news. Below, we break down what changed for ON, why it matters for investors, how the stock reacted, and the catalysts on the calendar.
What happened
Company News
ON Semiconductor scheduled Q3 2026 earnings announcement for November 2, 2026 after market close. Earnings release provides critical revenue, profitability, and guidance data affecting stock valuation and near-term price movement.
This summary describes the catalyst and move as first detected on Oct 15, 2026, 4:44 PM EDT; the stock has continued trading since, so the current price and percentage move (shown above) may be larger or smaller than the figures here.
NewsCompany-Specific MoveWeak confidence
Rel. volume
0.7×
Below Avg
Vs peers
Top 7 of 7 peers
Underperforming
Market cap
$28.1B
NASDAQ Global Select
Analyst target
$100
+38.4% vs price
Price chart
Sep 23 – Oct 23
E earnings
F filing
A analyst
V/N other
click a marker to highlight
Change events — click to jump to details
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: Positive price momentum; Positive price momentum. Weighing against that: Negative session, down 1.3%; ON Semiconductor fell 3.52% to $77.94 in intraday trading with volume at 1.12x normal levels for this time of session. Because the move outpaced peers, it looks driven by ON-specific developments rather than a broad sector rotation. Wall Street's consensus price target sits at $100.00, implying +38.4% upside from $72.25. BestStocks rates the overall signal quality weak (31/100). With earnings roughly 9 days out, the next report is the most likely near-term test of the move.
ON price reaction
ON last traded at $72.25, down $0.98 (-1.34%) from the previous close of $73.23. The session traded on 0.7× average volume (below avg), so participation was unremarkable. Its technology peer group moved a median +1.7% over the same stretch, leaving ON behind the group by 3.1 points. Over the past month the stock has ranged between $72.02 and $86.31, and it currently sits about 2% 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 $100.00, 38.4% above the recent $72.25. 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 $100.00 implies +38.4% upside from $72.25.
+The Street's most bullish target is $150.00 (+107.6%).
+Positive price momentum.
+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 $62.00 (-14.2%).
−Negative session, down 1.3%.
−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.
Bull vs bear balanceBearish Shift
BearishNeutralBullish
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 Oct 24, 2026; other aggregators may differ. High and low targets show the range of estimates, not forecasts.
ON Semiconductor fell 6.17% to $71.96, driven by a broader semiconductor and technology sector sell-off triggered by a hotter-than-expected September CPI report that raised concerns about sustained higher interest rates, according to CNBC and Yahoo Finance market coverage. The chip sector faced additional headwinds from caution over AI valuations and cooling momentum. Volume was below average at 0.56x the time-adjusted norm, suggesting lighter institutional participation during the decline.
News2026-10-14-4.3%
ON Semiconductor partners with Sungrow to deploy SiC hybrid technology in utility-scale energy storage systems.
ON Semiconductor amended its pending Synaptics acquisition from a $7 billion all-stock deal to a $5.7 billion all-cash structure at $123 per share, according to the web catalyst and corroborated by Yahoo Finance reporting on the semiconductor sector move. The stock rose 5.28% to $84.31 on elevated volume (3.13x average for this time of day), reflecting relief on reduced shareholder dilution and the FTC's prior clearance of the transaction, which management flagged as immediately accretive to non-GAAP EPS.
News2026-10-01+4.2%
ON Semiconductor and Synaptics revised merger agreement terms to deliver higher shareholder value and immediate EPS accretion.
ON Semiconductor rose 4.32% to $80.19, driven by a rebound in tech sentiment and growing optimism around its AI data center power infrastructure role, particularly its EliteSiC and power management solutions adoption (web_catalyst). Broad-based semiconductor buying amid sector recovery from recent high-yield pressure accompanied the move, though intraday volume of 6.68M shares was below the 0.62x historical average for this time of day.
Filings2026-10-01+4.2%
ON Semiconductor Corporation (ON) filed a new 8-K on October 1, 2026. The filing does not disclose a specific event triggering the report.
Material / Earnings2026-09-16-9.0%
ON Semiconductor Corporation (ON) moved -10.40% from $74.33 to $66.60 on September 16, 2026, following a "sell the news" reaction to its Financial Analyst Day. Management presented a long-term vision targeting a $213 billion market opportunity by 2030 and introduced the Embedded Power Platform (EPP) for AI infrastructure and EVs, but the presentations focused on long-term projections rather than near-term financial catalysts. The stock initially rallied to an intraday high of $74.42 before reversing sharply as traders booked profits after a recent run-up, coinciding with broader semiconductor sector caution tied to Federal Reserve rate decisions.
Material / Earnings2026-09-11+8.5%
ON Semiconductor Corporation (ON) moved +7.27% from $70.98 to $76.14 on September 11, 2026. We checked news, earnings announcements, analyst updates, SEC filings, and corporate actions — no company-specific catalyst was found. The move occurred on volume near its 5-day average and outperformed semiconductor peers (QCOM +3.16%, TXN +2.72%) by 8.8 percentage points.
In-depth ON event analyses
Permanent, dated analyses of ON's most significant sessions.
Why did ON Semiconductor Corporation (ON) stock move?
ON fell 1.3% to $72.25. The move coincided with the context summarized above, which BestStocks classifies as a company-specific move, though no single company-specific catalyst was independently confirmed.
How much did ON stock fall?
ON lost 1.34% ($0.98) versus the prior close of $73.23, last trading at $72.25 on 0.7× average volume.
When is ON Semiconductor Corporation's next earnings date?
ON's next earnings report is estimated for 2026-11-02 — about 9 days away.
What is the analyst price target for ON?
The consensus analyst price target for ON is $100.00, about 38.4% above the current $72.25. 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 company-specific move: the peer group moved a median +1.7% against ON's -1.3%. ON ranks top 7 of 7 peers.
How BestStocks tracks ON
This page is generated automatically by BestStocks' change-detection system after company news 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 October 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.
