ON stock: buy or sell

ON stock price: $42.27 4.97% At close on Mar 1st, 2021

Updated on:
Mar 2nd, 2021


ON stock brief

  • ON Semiconductor skyrocketed a 4.97% after hitting new highs on Monday
  • The stock is configuring an uptrend pattern since September 2020, when it bottomed at $19.75. This rally marked a 114.03% gain. Last Friday ON Semiconductor broke out above $39.43 giving a buy point
  • Last Friday broke out above its latest top at $39.43
  • Bank of America published a strong buy rating for ON Semiconductor on Monday, forecasting $48.00
  • ON Semiconductor Corporation, together with its subsidiaries, manufactures and sells semiconductor components for various electronic devices worldwide.

Should I buy ON Semiconductor stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $ON stock a buy?

Currently, ON Semiconductor stock matches one trading strategy:

ATH buy setup

One of the most recommended trading strategies is to buy on All-time Highs (ATH) breakouts. The good point of buying at ATHs is that shares price doesn't have upper resistances, and usually it scales rapidly. However, you must always be aware of a possible bulls trap that may trigger your buy order and then falls sharply. That's why a stop loss is so important. Price is now at 0.26% of all-time highs and it can breakout at any time, so if you want to trade this setup it's recommended to setup your order at $42.38. The stop loss would be ordered at $38.14

Buy setupBuy pointStop lossRisk
ATH buy setup$42.38$38.1410.00%

Should I sell ON Semiconductor stock?

When is it time to sell ON Semiconductor stock?. Trading strategies give us the ability us to avoid rash decisions based on our personal emotions or the buzz that surrounds the market. Our trading system selects very simple setups to guide us on when is the best moment to sell our shares. Be aware that these setups are not intended for shorting ON Semiconductor stock

As a rule of thumb, you should never mantain a trading operation that generates higher than expected losses upon purchase. When to sell your stock should always be ruled by the stop-loss (automatic or manual)

Is it time to sell ON Semiconductor stock?

Currently, ON Semiconductor stock doesn't match any of our preferred sell setups, so if you own ON Semiconductor shares and your operation is in profit probably is not time to sell now

ON Semiconductor ratings

In the last 30 days, 14 analyst ratings were published for ON Semiconductor. General sentiment is bullish, with 8 out of 14 publishing optimistic forecasts

ON Semiconductor analysts' ratings - Last 30 days
Brokerage firmRating
Feb 1st, 2021
BMO Capital Markets
Feb 2nd, 2021
Benchmark Strong buy
Craig Hallum Strong buy
Deutsche Bank Aktiengesellschaft Strong buy
JPMorgan Chase & Co. Neutral
KeyCorp Buy
Mizuho Strong buy
Morgan Stanley Sell
Needham & Company LLC Neutral
Raymond James Buy
Summit Insights NeutralStrong buy
Truist Neutral
Feb 16th, 2021
Summit Insights Strong buyNeutral
Mar 1st, 2021
Bank of America SellStrong buy

ON Semiconductor stock analysis

ON Semiconductor stock started an uptrend in September 2020, and grew an amazing 114.03%. During this uptrend, the price gave some buy points on the breakouts. Latest low was last January, when price bounced at $33.78. ON Semiconductor broke out above $39.43 (its last top) last Friday. That breakout was a good buy point

$ON at Highs

ON Semiconductor did it again, and marked new all-time highs (ATH) on Monday at $42.38. Previous ATHs were on February 16

SMAs overview

ON stock SMAs chart

Supports and resistances

Price is at highs and there are not upper resistances.

The current supports are:

  • S1: $39.43 (-6.72% below)
  • S2: $33.78 (-20.09% below)
  • S3: $32.60 (-22.88% below)
  • Bollinger bands

    Since the price surpassed the upper band on February 16, the price corrected downwards by 0.14%. The price is trading very close to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a bearish indicator, as price can move in these levels for many days and weeks

    ON stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 on February 17 after just crossing to the overbough zone for just one day (weak signal). The RSI reading on Monday was 61.24. ON Semiconductor shares barely changed a 1.00% since then

    ON stock RSI chart

    ON Semiconductor stock price history

    ON Semiconductor started trading on May 2nd, 2000 priced at $24.88 per share1. Since then, ON stock surged by 69.90%, with an average of 3.50% per year. An investment of thousand dollars on the IPO would have a value of $1,698.95 nowadays.

    1: Adjusted price after possible price splits or reverse-splits

    ON stock price history chart

    Price target for ON Semiconductor stock

    Nobody can predict how much a share will be priced in the future. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.

    Along with buy or sell recommendations, financial institutions publish their price forecasts based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new financial data by the company, and usually. If you are a small investor you shouldn't trade based on these projections.

    There are 12 price predictions issued for ON Semiconductor that average $41.96. That is a 0.73% than the last price ($42.27).

    ON Semiconductor stock price predictions
    Brokerage firmPrice target
    Feb 1st, 2021
    BMO Capital Markets $25.00$35.00
    Feb 2nd, 2021
    Benchmark $36.00$45.00
    Craig Hallum $38.00$43.00
    Deutsche Bank Aktiengesellschaft $40.00$45.00
    JPMorgan Chase & Co. $25.50$37.50
    KeyCorp $40.00$45.00
    Mizuho $39.00$40.00
    Morgan Stanley $24.00$26.00
    Needham & Company LLC $38.00$45.00
    Raymond James $45.00$50.00
    Summit Insights Not available
    Truist $41.00$44.00
    Feb 16th, 2021
    Summit Insights Not available
    Mar 1st, 2021
    Bank of America $48.00

    Earnings and financials

    Financial event was hosted by ON Semiconductor ($ON) in early February after releasing the financial report. ON posted earnings of $0.35 per share on revenue of $1.4 billion. The analysts estimate was $0.28 per share on revenue of $1.4 billion.

    This compares to Earnings of $0.30 per share a year ago, so current EPS means an increase of 16.67%. Sales barely changed on an annualized basis in the , from $13.8B to $13.2B last quarter.

    ON ($ON) presents Q1 earnings report next May. Market analysts analysts forecast of $0.33, that is a 5.71% lower than Q4.

    ON Semiconductor performance

    ON performance compared
    ON Semiconductor ($ON) 19.90% 44.30% 97.20%

    Please read:
    The viewpoints contained in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this text does not have any knowledge of the specific conditions of the reader, his or her own financial statements or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are published for informational reasons only

    ON summary

    Monday, March 1st, 2021
    Day range$41.02 - $42.38
    Previous close$40.27
    Session gain4.97%
    Average true range$2.31
    50d mov avg$36.46
    100d mov avg$31.86
    200d mov avg$26.03
    Earnings dateMay 7th, 2021

    Frequently asked questions

    What is ON Semiconductor stock symbol?

    ON Semiconductor Corporation is a public company trading in the US stock market with the ON symbol

    Is ON Semiconductor stock a buy or sell?

    ON Semiconductor received 14 ratings in the last 30 days: 8 bullish, 1 bearish and 4 neutral.

    Will ON go up?

    ON Semiconductor had different price forecasts published by market analysts in the last 4 weeks setting the target price to $41.96. That is a 0.73% than the last price ($42.27).