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Why ON Semiconductor Corp. (ON) Outpaced the Stock Market Today

By Wealth Awesome -

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ON Semiconductor Corp. experienced a notable increase in stock performance, outperforming the broader market.

ON Semiconductor Corp. (ON) saw its stock price rise by 1.23% on October 5, 2026, outpacing the overall market performance. The stock closed at US$85.65, marking a significant increase of 13.59% over the past week and an impressive 51.55% gain year-to-date. This performance comes despite a trading volume of 1,361,852 shares, which is only 0.90 times the 20-day average volume of 12,366,515 shares.

Investor takeaway: Investors may want to monitor ON Semiconductor's performance as it continues to show strong growth trends.

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ON Semiconductor Corporation

ON.US

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ON.US

ON Semiconductor Corporation

Source:WealthAwesomeWealthAwesome
↑ $13.50 (18.64%)
120 day period
$66.60$100.27$133.93Apr 15Jul 13Oct 5

Market cap

$33.05B

P/E

55.5x

52W high

$134.92

52W low

$44.56

1W change

+13.59%

Beta

2.00

Analyst Price Targets

Based on 30 analysts covering ON · as of Oct 5, 2026

📈

Wall Street analysts forecast ON stock price to rise 21.3% over the next 12 months.

Consensus

Buy

3.87 / 5.00

Avg. Target

C$104.27

+21.3% Upside

Previously C$103.69 on Sep 25, 2026

Current Price

C$85.93

Last close

Analyst Breakdown (30 analysts)

Strong Buy 12
Buy 2
Hold 16
Compare analyst targets →

Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.

Wealth Awesome Price Forecast

WA Model

Statistical 90-day price range based on ON's historical volatility

HistoricalForecast68%95%
C$36.08C$58.23C$80.37C$102.52C$124.66C$146.81TodayMay 28Aug 3Oct 5Nov 17Dec 31Feb 12

30-Day Vol

56.2%

Annualized

90-Day Vol

79.7%

Annualized

Trend (90d)

-46.4%

Annualized drift

90d Mean

C$72.82

Expected price

HorizonExpected68% Range (1σ)
30 trading daysC$81.32C$66.98 – C$98.71
60 trading daysC$76.95C$58.50 – C$101.22
90 trading daysC$72.82C$52.05 – C$101.88

Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.

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ON's Last Close at US$85.65 with Volume of 1,361,852 Shares

Today's trading volume was only 0.90 times the 20-day average, indicating lower investor activity despite the price increase.

Bull case

The company's stock has shown strong growth over the past year, with a significant increase in market value and positive outlooks from analysts.

Bear case

Despite recent gains, the stock's high P/E ratio of 55.48 suggests it could be overvalued compared to its earnings.

ON's Stock Performance

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ON Semiconductor Corp. closed at US$85.65 on October 5, 2026, reflecting a 1.23% increase from the previous day. The stock has demonstrated strong momentum, with a remarkable 13.59% gain over the past week and a 15.53% increase month-to-date. Year-to-date, the stock has surged by 51.55%, indicating robust investor confidence and an upward trend in the company's market value.

Trading Volume Insights

The trading volume for ON on this day was 1,361,852 shares, which represents only 0.90 times the 20-day average volume of 12,366,515 shares. This lower trading activity coincides with the stock's recent price increase, suggesting that while the stock is gaining traction, there may be a need for increased investor participation to sustain this upward momentum.

Market Position and Analyst Outlook

ON Semiconductor boasts a market capitalization of approximately US$33.05 billion and a P/E ratio of 55.48, positioning it in the high-growth technology sector. Additionally, the stock is currently trading above its 50-day moving average of US$76.65 and its 200-day moving average of US$80.45. Analysts have set an average target price of US$104.27, suggesting a potential upside of 21.7% from the last closing price, further indicating positive sentiment surrounding the company's future performance.

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Wealth Awesome
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Wealth Awesome

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⚠️ Professional Disclaimer

This content is for educational purposes only and should not be considered personalized financial advice. While our team brings professional expertise, individual circumstances vary. For personalized guidance, consult with a qualified financial advisor, tax professional, or mortgage specialist.

Published: October 6, 2026
Last Updated: October 6, 2026

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