Are Wall Street Analysts Predicting ON Semiconductor Stock Will Climb or Sink?

Based in Scottsdale, Arizona, ON Semiconductor Corporation (ON) operates with a market cap of $29.7 billion in the semiconductor industry. The company specializes in intelligent sensing and power solutions, providing a wide range of discrete and embedded semiconductor components.

Shares of the chipmaker have notably fallen behind the broader market over the past 52 weeks. ON has plunged 32.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 15.8%. In 2024, ON is down 17.4%, compared to SPX's 8.7% gain on a YTD basis.