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# Morning note · September 28, 2026
- URL: https://www.morningowl.io/products/2026-09-28-pro/
- Published: 2026-09-28T12:50:08.000Z
- Updated: 2026-10-03T12:24:02.000Z
- Author: morningowl
- Tags: ON

🦉 Morning. We weighed a full day of commentary, and a few names kept rising to the surface. Here they are.

How to read each name below: first line = how morningowl sentiment moved since yesterday, second = where it stands now (-100 to +100).

▸ ON Semiconductor (ON)

▲ Up 5 since yesterday

Sentiment now +33

Manufactures intelligent sensing and power semiconductor solutions for automotive, industrial, and data center applications.

Each group's sentiment and how much it drove today's overall move:  
News sentiment +94; led today's move.  
Retail sentiment +82; added to it.

Both groups lean favorable and share an AI data-center thesis for onsemi. News commentary frames it as a sleeper AI infrastructure winner still priced like a cyclical auto chipmaker, arguing the market has overlooked a shift inside its data centers. Retail commentary centers on the chart, noting $74 held as support after a close of $77.20 (+5.5%) and pointing to rising semiconductor content per AI rack and a measured move toward the low $120s ahead of the November 2 print. The groups differ mainly in lens, thesis versus technical structure, not direction.

As of September 25, 2026, ON Semiconductor carried a P/E of 47.7, with its last close at the 44.4 percentile of its trailing three-month range and the 66.3 percentile of its twelve-month range, up 5.4% over the past month. Analyst opinion as of September 1, 2026 was split, with 19 favorable and 19 neutral across 38 analysts. It is scheduled to report earnings on November 2, 2026.

That's a wrap for today's chatter, the owls are blinking slowly and the coffee's gone cold. 🦉☕

This is not investment advice. morningowl is a publisher, not a registered investment adviser. We may hold positions in any security mentioned. Past performance and historical commentary patterns do not predict future results. Our data and analysis are provided "as is" and may contain inaccuracies; we accept no liability for errors or for any decisions made in reliance on them.