ON Semiconductor Faces Bearish Sentiment Despite Market Activity

ON Semiconductor experiences a bearish sentiment in options trading, with only 11% showing bullish tendencies. Analysts maintain cautious optimism with price targets between $49 to $57.

Date: 21-03-2025

AI Rating: 4

Bearish Options Activity Signals Investor Sentiment

The report reveals that ON Semiconductor is facing a conspicuous bearish sentiment among traders, with a significant 82% showing bearish tendencies while only 11% are bullish. This disparity is crucial as it indicates a lack of confidence in the stock's near-term performance.

The options trades specifically highlight a heavy volume of puts valued at $1,380,883 compared to calls worth $175,726. This suggests that traders are anticipating a decline in the stock price, which could lead to downward pressure on ON Semiconductor's share prices.

Projected Price Targets and Market Positioning

The report provides a projected price range of $50 to $75 for ON Semiconductor over the last three months. This target range, however, will be influenced by the current bearish sentiment observed in the options trading data.

Currently, the trading volume stands at 3,610,104, with the stock price down by -2.13%, positioned at $42.28. Moreover, the report indicates that RSI indicators show that the stock may be oversold, which can be interpreted as a potential buying opportunity; however, the overall market negativity might overshadow such signals.

Expert Opinions and Analysts' Ratings

Analysts maintain mixed views on ON Semiconductor with an average target price of $53.0. One analyst downgraded the stock to Buy with a price target of $57, while another holds a Neutral rating and targets $49. These ratings suggest differing sentiments about the stock's future, reflecting underlying cautious optimism amid current trading dynamics.

With earnings announcements expected in 38 days, the upcoming results could further influence stock prices, either validating or challenging the current bearish outlook.

Stocks: ON