10 Best Falling Stocks to Invest in Right Now

2. ON Semiconductor Corporation (NASDAQ:ON)

52 Week Range: $53.10 – $85.16

Current Share Price: $56.03

Number of Hedge Fund Holders: 45

Stock Upside Potential: 45.41%

ON Semiconductor Corporation (NASDAQ:ON) provides intelligent sensing and power solutions. Its intelligent power technologies, such as power lights and longer-range electric vehicles, empower fast-charging systems and propel sustainable energy for solar string systems. Amid the tremendous opportunities for growth, the stock has underperformed after dropping by 25% in 2024.

Following the pullback, ON Semiconductor Corporation (NASDAQ:ON) may be one of the best-falling stocks to invest in as demand for artificial intelligence chips in the auto industry grows. After a few years of poor sales, automakers are seeing a significant spike in demand for vehicles. The spike is expected to fuel demand for chips that ON Semiconductor sells. Early indications of improvement are evident. While margins increased half a percentage point to 45.5%, ON Semi’s auto sales increased 4.9% to $951 million in the third quarter.

Additionally, management has over $1 billion in free cash flow, which it intends to use to repurchase shares. Analysts predict that earnings per share will increase by 21% yearly to $7.11 by 2027, in addition to anticipated sales growth and improving profitability.