ON Semiconductor Corporation ON
Stock research in plain language · As of Oct 04, 2026 · updated once a week, after the trading week closes
What the company does
ON Semiconductor Corporation is a large-cap company in the Technology sector (Semiconductors), with a market value of $33.0B, 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 56.2 versus 41.5 for the median of the Technology sector in our universe (46 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 104.27, 23% above the current price (their view, not ours).
The stock sits at 45% of its one-year range (0% = the low, 100% = the high).
The risks
- • The stock is more volatile than average (beta 2.0) — big daily moves both ways.
- • 10% of the float is sold short — part of the market is betting on a decline.
- • The stock is 37% below its one-year high.
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 (14 vs 0).
What changed this week
Over the past week the stock rose 10.0% (for comparison: S&P 500 -0.2%, sector ETF XLK +1.8%).
This week's news
- Key deals this week: Onsemi, Mattel, Nebius, Advanced Micro Devices, and more seekingalpha.com · 2026-10-03
- Synaptics (SYNA) Soars 14% as ON Semi Sweetens Deal With All-Cash Offer finance.yahoo.com · 2026-10-03
- Why Are onsemi (ON) Shares Soaring Today finance.yahoo.com · 2026-10-02
- U.S. equities ended well into the green as cooler payrolls data arrived seekingalpha.com · 2026-10-02
- Sector Update: Tech Stocks Gain Late Afternoon finance.yahoo.com · 2026-10-02
- Top Midday Gainers finance.yahoo.com · 2026-10-02
A description of facts from the filings and the market — not investment advice or a recommendation. "Cheap" and "expensive" are always relative to the comparison group.