ON Semiconductor Stock 12-Day Winning Spree: Stock Climbs 40%
ON Semiconductor (ON) – a provider of intelligent sensing and power solutions for electrification – hit a 12-day winning streak, with cumulative gains over this period amounting to 40%. The company’s market cap has surged by about $9.9 Bil over the last 12 days and currently stands at $35 Bil.
Is this an opportunity or a trap? There are several things to fear in ON stock given its overall Weak operating performance and financial condition. This isn’t appropriately reflected in the stock’s Moderate valuation which is why we think it is Unattractive (For details, see Buy or Sell ON).
But here is the interesting part. You are reading about this 40% move after it happened. The market has already priced in the news. To catch the next winner before the headlines, you need predictive signals, not notifications. High Quality Portfolio is based on an architecture that includes such signals.
Returns vs S&P 500
The following table summarizes the return for ON stock vs. the S&P 500 index over different periods, including the current streak:
| Return Period | ON | S&P 500 |
|---|---|---|
| 1D | 1.6% | -0.6% |
| 12D (Current Streak) | 39.7% | 7.3% |
| 1M (21D) | 46.7% | 8.6% |
| 3M (63D) | 44.7% | 3.9% |
| YTD 2026 | 60.5% | 3.2% |
| 2025 | -14.1% | 16.4% |
| 2024 | -24.5% | 23.3% |
| 2023 | 33.9% | 24.2% |
However, big gains can follow sharp reversals – but how has ON behaved after prior drops? See ON Dip Buyer Analysis to learn more.
Gains and Losses Streaks: S&P 500 Constituents
There are currently 75 S&P constituents with 3 days or more of consecutive gains and 43 constituents with 3 days or more of consecutive losses.
| Consecutive Days | # of Gainers | # of Losers |
|---|---|---|
| 3D | 28 | 32 |
| 4D | 24 | 4 |
| 5D | 15 | 4 |
| 6D | 1 | 3 |
| 7D or more | 7 | 0 |
| Total >=3 D | 75 | 43 |
Key Financials for ON Semiconductor (ON)
Last 2 Fiscal Years:
| Metric | FY2024 | FY2025 |
|---|---|---|
| Revenues | $7.1 Bil | $6.0 Bil |
| Operating Income | $1.9 Bil | $751.1 Mil |
| Net Income | $1.6 Bil | $121.0 Mil |
Last 2 Fiscal Quarters:
| Metric | 2025 FQ3 | 2025 FQ4 |
|---|---|---|
| Revenues | $1.6 Bil | $1.5 Bil |
| Operating Income | $284.0 Mil | $258.9 Mil |
| Net Income | $255.0 Mil | $181.8 Mil |
While ON stock looks attractive given its winning streak, investing in a single stock without detailed, thorough analysis can be risky. The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 — the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.