News & Events:ON

On Wednesday, shares of ON Semiconductor Corporation experienced volatile short activity. The overall sentiment for ON has been Bearish. The signal from the volatility alert is trending Bearish. Therefore, the recommendation is to Strong Sell.

This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth.

ON Semiconductor has outperformed the market over the past 5 years by 21.25% on an annualized basis producing an average annual return of 29.98%. Currently, ON Semiconductor has a market capitalization of $24.31 billion. Buying $1000 In ON: If an investor had bought $1000 of ON stock 5 years ago, it would be worth $3,574.44 today based on a price of $55.94 for ON at the time of writing.

Someone with a lot of money to spend has taken a bullish stance on ON Semiconductor. And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga. Whether this is an institution or just a wealthy individual, we don't know. So how do we know what this whale just did?

Over the past 3 months, 6 analysts have published their opinion on ON Semiconductor stock. According to 6 analyst offering 12-month price targets in the last 3 months, ON Semiconductor has an average price target of $64.0 with a high of $70.00 and a low of $56.00. Below is a summary of how these 6 analysts rated ON Semiconductor over the past 3 months.

If history is any guide, there may be trouble ahead for shares of ON Semiconductor. A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock. What To Know: Many traders use moving average crossover systems to make their decisions.

Here's Why ON Semiconductor Shares Are Trading Higher Today

This week, the S&P 500 will get three brand new members as part of the index's regular rebalancing. What Happened? Vici will replace Cerner Corp., which has been acquired by Oracle Corporation. That change will take place on Wednesday, June 8. Keurig Dr Pepper and ON Semi will replace Under Armour Inc. and IPG Photonics Corp. in the S&P 500.

NEW YORK, June 3, 2022 S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices: Keurig Dr Pepper Inc. (KDP) and ON Semiconductor Corp. (ON) will replace Under Armour Inc. (UAA) and IPG Photonics Corp. (IPGP) respectively in the S&P 500.

S&P Dow Jones Indices: * S&P DOW JONES INDICES SAYS SOTERA HEALTH CO. & SHOCKWAVE MEDICAL INC. WILL REPLACE URBAN OUTFITTERS INC. AND LIVERAMP HOLDINGS INC. RESPECTIVELY IN THE S&P MIDCAP 400. * S&P DOW JONES INDICES SAYS KEURIG DR PEPPER, VICI PROPERTIES AND ON SEMICONDUCTOR SET TO JOIN S&P 500. * S&P DOW JONES INDICES SAYS VICI PROPERTIES INC WILL REPLACE CERNER CORP IN THE S&P 500.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

ON Semiconductor has outperformed the market over the past 5 years by 19.77% on an annualized basis producing an average annual return of 30.79%. Currently, ON Semiconductor has a market capitalization of $26.76 billion. Buying $100 In ON: If an investor had bought $100 of ON stock 5 years ago, it would be worth $382.25 today based on a price of $61.58 for ON at the time of writing.

BofA Picks Nvidia As Top Pick; Expresses Bullishness On Marvell, AMD, ON Semiconductor

ON Semiconductor Corp has the opportunity to become one of the leading suppliers of silicon carbide power devices to the electric vehicle market, according to Wells Fargo. The ON Semiconductor Analyst: Gary Mobley upgraded the rating for ON Semiconductor from Equal-Weight to Overweight, while raising the price target to $65.

  See all analyst ratings upgrades.   See all analyst ratings downgrades.   See all analyst ratings initiations.

ON Semiconductor Corp (ON): * NIO SELECTS HIGH-EFFICIENCY SILICON CARBIDE TRACTION POWER MODULES FROM ONSEMI Source text for Eikon: Further company coverage:

based VE-Trac modules provide next-generation electric vehicles with longer range, higher efficiency and faster acceleration PHOENIX---- onsemi, a leader in intelligent power and sensing technologies, today announced that global automotive innovator NIO Inc. chose the latest VE-Trac™ Direct SiC power modules from onsemi for its next-generation electric vehicles.

KeyBanc Remains Upbeat On Auto-Based Companies Like Microchip, Indie; Shares View On Semiconductor Stocks

Gold futures traded slightly higher on Friday. When insiders sell shares, it indicates their concern in the company's prospects or that they view the stock as being overpriced. Below is a look at a few recent notable insider sales. Also check this: 4 Stocks Under $3 Insiders Are Aggressively Buying Have a look at our premarket coverage here .

On CNBC's "Mad Money Lightning Round," Jim Cramer said SoFi Technologies, Inc. has been getting destroyed.