ON
ON
-2.7%🟢 Fundamentally supportedON Semiconductor Corp · Technology
$71.72Vol 9.22M · 0.8× normalMkt cap −$0.78BMarket closed — 2026-10-16 session
What happened
Move
-2.7%
Price
$71.72
Volume
9.22M
0.8× normal
Market cap
$27.92B
−$0.78B today
Why it moved
Earnings releasemedium confidence
- What to Expect From ON Semiconductor's Q3 2026 Earnings Report — finnhub-news
- Shares of companies in the broader semiconductor sector are trading nigher, rebounding after Thursday's weakness. Additionally, stocks across sectors are rising after NY Fed President Williams indicated he sees room for a further policy adjustment in the near term. — finnhub-news
Possible catalyst: earnings release.
Verdict — was the move justified?
🟢 Fundamentally supported
Earnings release — direction and rough magnitude are consistent with the identified fundamental catalyst.
How unusual is this move
σ score
1.0σ
vs own 20d volatility
Percentile
64th
of 1278 daily moves
Avg daily move
±2.6%
own 5y average
What happened after similar moves
199 similar down moves in ON’s 5-year history:
After 5 days
+0.6%
53% higher
After 20 days
+1.7%
53% higher
Median of same-direction moves within ±35% magnitude band. Past patterns don’t predict outcomes — context, not signal.
Fundamental context
V 57G 25P 64H 95Q 77EW 33/65
Insider activity (90d): net selling $1.25M
Valuation context
P/E (TTM)
44.5
5y median 20.4
P/E percentile
77%
vs own 5y history
FCF yield
0.1%
Trading richer than 77% of its own historical valuation range.
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