ON Semiconductor Corporation ON

What the company does

ON Semiconductor Corporation is a large-cap company in the Technology sector (Semiconductors), with a market value of $28.1B, based in the USA.

It employs about 22,600 people and has been listed since Apr 28, 2000.

ON Semiconductor Corporation provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally. It operates through three segments: Power Solutions Group, Analog and Mixed-Signal Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor devices designed to enable power conversion, including power switching, signal conditioning, and circuit protection technologies.

Cheap or expensive? priced in line with its group

Its price-to-earnings (P/E) is 48.8 versus 38.7 for the median of the Technology sector in our universe (65 companies) — priced in line with its group.

Revenue is growing 9% versus the same quarter last year.

On analysts' next-year forecasts the multiple drops to 16.5 — they expect higher earnings.

The average analyst price target is 102.00, 41% above the current price (their view, not ours).

The stock sits at 31% of its one-year range (0% = the low, 100% = the high).

The risks

• • The stock is more volatile than average (beta 2.1) — big daily moves both ways.
• • 11% of the float is sold short — part of the market is betting on a decline.
• • The stock is 46% below its one-year high.
• • Quarterly report in 8 days (2026-11-02) — a day the stock can move a lot.

Strengths

• ✅ Profitable — 14 of every 100 dollars of revenue stays as profit.
• ✅ Generates free cash flow — profit becomes cash in the bank.
• ✅ Buys back its shares (2% fewer shares in a year).
• ✅ Most analysts rate it buy (15 vs 0).

What changed this week

Over the past week the stock rose 0.3% (for comparison: S&P 500 -0.4%, sector ETF XLK -0.1%).

This week's news

• Can Analyst Optimism Change The Bull Case For ON Semiconductor (ON)? finance.yahoo.com · 2026-10-22
  What the article says

  On 14 October 2026, Sungrow announced it had adopted ON Semiconductor's latest EliteSiC hybrid power module and high-density power integrated modules for its PowerTitan 3.0 utility-scale energy storage platform, supporting power conversion units up to 450 kW. This Sungrow design win puts ON Semiconductor's silicon… source ↗

• ON Semiconductor Corp. (ON) Rises Higher Than Market: Key Facts finance.yahoo.com · 2026-10-21
  What the article says

  ON Semiconductor Corp. (ON) closed the most recent trading day at $76.94, moving +1.75% from the previous trading session. This change outpaced the S&P 500's 0.58% gain on the day. At the same time, the Dow added 0.69%, and the tech-heavy Nasdaq gained 1.05%. The semiconductor components maker's shares have seen an… source ↗

• Braze leads software sector higher, while chip stocks mostly hold steady seekingalpha.com · 2026-10-20
  What the article says

  [Rear view of male programmer coding on computers while sitting at desk in office] Braze (BRZE [https://seekingalpha.com/symbol/BRZE]) shares catapulted more than 50% on Tuesday after Salesforce (CRM [https://seekingalpha.com/symbol/CRM]) agreed… source ↗

• 3 S&P 500 Stocks That Concern Us finance.yahoo.com · 2026-10-20
  What the article says

  3 S&P 500 Stocks That Concern Us While the S&P 500 (^GSPC) includes industry leaders, not every stock in the index is a winner. Some companies are past their prime, weighed down by poor execution, weak financials, or structural headwinds. Some large-cap stocks are past their peak, and StockStory is here to help you… source ↗

• ON Semiconductor Corp. (ON) Outpaces Stock Market Gains: What You Should Know finance.yahoo.com · 2026-10-19
  What the article says

  ON Semiconductor Corp. (ON) ended the recent trading session at $73.12, demonstrating a +1.53% change from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 0.41%. On the other hand, the Dow registered a loss of 0.07%, and the technology-centric Nasdaq increased by 1.11%. The… source ↗

• Investors Heavily Search ON Semiconductor Corporation (ON): Here is What You Need to Know finance.yahoo.com · 2026-10-19
  What the article says

  ON Semiconductor Corp. (ON) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Shares of this semiconductor components maker have returned +2.9% over the past month versus the… source ↗

What changed since last week

• New risk flag: earnings report coming up.