New York, Jan 31, 2026, 20:03 EST — Market closed
- The stock closed Friday at $59.89, dropping 3.7% amid a broader sell-off in chip shares.
- Wall Street dropped as new inflation figures and a Fed chair nomination altered expectations for interest rates.
- onsemi will release its results on Feb. 9 after the market closes, followed by a 5 p.m. ET conference call.
ON Semiconductor’s shares slipped 3.7% on Friday, closing at $59.89 and continuing a slide in chip stocks. During the day, the price ranged from $59.09 to $62.19.
U.S. markets were closed over the weekend, leaving traders searching for cues ahead of Monday after Friday’s drop. The company announced it will release its fourth-quarter and full-year earnings after the close on Feb. 9, followed by a conference call at 5 p.m. ET.
Friday’s decline came as investors digested Donald Trump’s choice of Kevin Warsh to lead the Federal Reserve, alongside stronger-than-expected inflation data. The Producer Price Index (PPI) — which measures prices received by producers — jumped 0.5% in December, surpassing forecasts of a 0.2% rise, Reuters reported. “Markets are calibrating to Trump’s pick of Kevin Warsh … and the outlook for monetary policy,” said Michael Hans, chief investment officer at Citizens Wealth. Reuters
Semiconductors slid more steeply than the wider market, with the Philadelphia Semiconductor Index dropping 3.87% on Friday.
Nvidia dipped roughly 0.7%, Qualcomm dropped 0.4%, and Broadcom inched up 0.2% among the large-cap stocks.
ON Semiconductor is currently trading within a 52-week range of $31.04 to $66.86, roughly 10.4% shy of its peak. The stock is listed on the Nasdaq and has a market capitalization near $24.1 billion, according to data from Investing.com.
The company markets power and sensing chips targeting automotive and industrial sectors, with investors keeping a close eye on those markets. onsemi highlights its focus on automotive and industrial applications, linking them to vehicle electrification and factory automation.
The focus next week won’t just be on the headline figures but on details around pricing, customer inventory, and factory utilization. A change in management’s tone regarding demand from carmakers and industrial clients could send the stock moving quickly.
But the setup works both ways. Even if the broader market holds steady, a cautious outlook or margin pressure might drag shares back down to Friday’s lows.
U.S. markets will reopen Monday, Feb. 2. ON Semiconductor’s next major event comes Feb. 9, when it reports earnings and holds a 5 p.m. ET call for questions.
