On Semiconductor Rises 0.48% Amid 23.62% Volume Drop Ranks 401st in Market Activity

. 17, . The stock’s performance reflects mixed signals from its core business segments and recent operational updates.

Recent reports highlighted adjustments in supply chain strategies amid shifting demand dynamics in the automotive and industrial sectors. Analysts noted that ON’s capacity utilization rates remain under pressure, . The company’s ongoing investment in wafer production has drawn attention, though near-term profitability from these projects remains uncertain.

Market participants are monitoring ON’s progress in reducing inventory levels, a key focus for management in recent earnings calls. , signaling improved efficiency. However, concerns persist over potential overcapacity risks in the , which could weigh on pricing power in the medium term.

To set up an accurate back-test I’ll need to pin down a few practical details: Stock universe (default: all U.S. common stocks on NYSE + NASDAQ, excluding ETFs/OTC), trade timing (close-to-close or open-to-close), transaction cost assumptions (default: 0 bps), and risk controls (none by default). Specify preferences or confirm defaults for execution.