ON Semiconductor's Options: A Look at What the Big Money is Thinking - ON Semiconductor (NASDAQ:ON)

Group 1 - Significant bullish activity observed among deep-pocketed investors in ON Semiconductor, indicating potential upcoming developments [1][2] - 54% of heavyweight investors are bullish while 36% are bearish, with notable options activity including 2 puts totaling $83,875 and 9 calls amounting to $1,166,210 [2] - Predicted price range for ON Semiconductor is between $48.0 and $85.0 based on recent trading activity [3] Group 2 - Volume and open interest data for ON Semiconductor's options indicate liquidity and interest, particularly within the strike price range of $48.0 to $85.0 over the last 30 days [4] - Largest options trades include bullish calls with significant total trade prices, such as a $681,000 trade for a call option with a strike price of $85.00 [8] - ON Semiconductor is a leading supplier of power semiconductors and sensors, focusing on automotive and industrial markets, and is pivoting towards electric vehicles and renewable energy applications [9] Group 3 - Current market position of ON Semiconductor shows an average price target of $56.5 from analysts, with ratings from Morgan Stanley and Truist Securities maintaining equal-weight and hold ratings respectively [10][11] - The stock is currently trading at $54.88, reflecting a 0.98% increase, with an anticipated earnings release in 52 days [13]