ON Semiconductor Corporation

• ON Stock Price 24h change: +0.08%. From 60.28 USD to 60.33 USD. Minimal gains driven by sector-wide optimism following TSMC's strong earnings despite a slight mid-day pullback.
• Technical indicators show a Neutral to Bullish stance: 14-day RSI is at 45.2 (Neutral), while the stock remains above its 50-day (55.03) and 200-day (53.39) moving averages, suggesting a maintained long-term uptrend.
• Stifel recently raised its price target for ON Semiconductor to $60 from $50, citing improved market positioning and steady demand.
• Analysts highlight ON's strategic focus on the automotive and industrial sectors, with double-digit growth expected for its FS7 IGBT products by 2026.
• Mizuho increased its price target for ON to $72 from $62, reflecting confidence in the company’s silicon carbide (SiC) leadership and long-term earnings potential.
• TSMC reported a 35% jump in profit and raised its 2026 capital expenditure outlook by 37%, signaling a massive new wave of semiconductor capacity expansion.
• Market analysis by TechInsights shows strong weekly momentum in Analog and Power IC sales, key segments where ON Semiconductor holds a dominant market share.

• ON Stock Price 24h change: +1.97%. From 59.41 USD to 60.58 USD.
• From a technical perspective, ON is showing signs of a "bullish recovery within a consolidation zone": the price recently bounced off its 20-day EMA ($57.39) and is currently trading above major moving averages (50-day and 200-day), signaling a strong medium-to-long-term trend. The RSI stands at a neutral 46.69, suggesting there is room for upward movement before reaching overbought territory, though MACD signals remain mixed as the market digests recent volatility.
• Mizuho recently raised its price target for ON Semiconductor to $72 from $62, maintaining a positive outlook on the company's power semi-leadership.
• onsemi and GlobalFoundries announced a strategic partnership to develop 650V GaN (Gallium Nitride) power devices, aimed at improving efficiency in automotive and industrial applications.
• The company has authorized a $6 billion share buyback program slated to begin in 2026, signaling strong management confidence in long-term cash flow and valuation.
• TSMC announced a record $56 billion capital expenditure plan for 2026 and expects 30% revenue growth driven by AI demand, sparking a broad rally across the semiconductor sector.
• A landmark trade deal between the U.S. and Taiwan pledges $500 billion to expand U.S. chip manufacturing, including lower tariffs for companies that invest in domestic production capacity.