ON Semiconductor's stock dropped nearly 44% over three months despite strong Q2 results and improving business metrics. The selloff is attributed to concerns over automotive exposure, China market cyclicality, and profit-taking after a prior peak. However, Wall Street remains bullish, with an average price target 56% above current levels and Susquehanna analyst Christopher Rolland setting a high target implying 120% upside. The optimism is driven by ON's leadership in silicon carbide tech for EVs and AI data centers, with margins expected to improve and AI data center revenue projected to more than double in 2026. The stock's recent decline contrasts with steadier peers, suggesting a potential buying opportunity if growth forecasts hold.
ON Semiconductor's current price of USD 68.90 on Pluang is closer to its 52-week low of USD 44.90 than its high of USD 133.93, highlighting the significant recent decline despite the bullish outlook. The stock shows a modest 1-day gain of 0.88% as of Sep 18, 2026 18:41 WIB, with a majority of Pluang users (63%) buying rather than selling. This contrasts with the stock's large market cap of $26.59 billion, suggesting that investors are weighing its potential for recovery amid recent volatility.
ON Semiconductor is focusing on advanced power-density technologies for AI data centers and electric vehicles, aiming for $2.5 billion revenue from AI alone by 2030. Despite a Neutral rating from UBS, the company introduced its Embedded Power Platfor...
ON Semiconductor's stock fell 9% during its investor day after CEO Hassane El-Khoury clarified a $30 billion difference in the total addressable market compared to prior estimates. The CEO explained the smaller $213 billion market figure excludes the...
