ON Semiconductor (NASDAQ:ON) Sets New 12-Month High – Time to Buy?
by Kim Johansen · The Markets DailyON Semiconductor Corporation (NASDAQ:ON – Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $66.86 and last traded at $65.0950, with a volume of 3467984 shares. The stock had previously closed at $62.63.
ON Semiconductor News Roundup
Here are the key news stories impacting ON Semiconductor this week:
- Positive Sentiment: Technical/momentum boost — ON has crossed an 80+ relative strength benchmark, a signal some momentum traders use to add positions. This likely attracted short‑term buyers and explains pockets of interest despite broader weakness. ON Semiconductor reaches 80-plus relative strength rating benchmark
- Neutral Sentiment: Fundamental context — ON beat Q3 estimates (EPS $0.63 vs $0.59) and set Q4 fiscal guidance of $0.57–$0.67, showing modest operating resilience. However revenue is still down year‑over‑year, so results are mixed for longer‑term investors.
- Negative Sentiment: Underperformance vs. peers — market commentary flags ON underperforming competitors today, which can trigger relative‑performance selling from ETF/sector funds and active managers. ON Semiconductor Corp. stock underperforms Thursday when compared to competitors
- Negative Sentiment: Larger intraday drop noted by analysts/news — coverage highlights ON suffered a bigger decline than the general market in the latest session, which often amplifies volatility as algorithmic and momentum strategies accelerate selling. ON Semiconductor Corp. (ON) Suffers a Larger Drop Than the General Market
- Negative Sentiment: Valuation and volume risk — ON trades at a rich P/E (~77.8) and mid‑day volume exceeded average, suggesting sellers are active and the stock is more vulnerable to negative news or macro/sector rotation.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on ON shares. Piper Sandler increased their price objective on ON Semiconductor from $60.00 to $65.00 and gave the stock an “overweight” rating in a report on Wednesday, January 7th. Wells Fargo & Company raised their price target on ON Semiconductor from $62.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Robert W. Baird lifted their price target on shares of ON Semiconductor from $48.00 to $56.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $50.00 target price on shares of ON Semiconductor in a research note on Tuesday, November 4th. Finally, BNP Paribas Exane set a $62.00 price target on shares of ON Semiconductor and gave the company a “neutral” rating in a research report on Thursday, January 22nd. Thirteen equities research analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company. According to MarketBeat, ON Semiconductor presently has an average rating of “Hold” and a consensus target price of $61.30.
Get Our Latest Report on ON Semiconductor
ON Semiconductor Stock Down 3.7%
The business’s fifty day simple moving average is $56.51 and its two-hundred day simple moving average is $52.96. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.23 and a quick ratio of 3.54. The company has a market cap of $24.10 billion, a PE ratio of 77.78, a PEG ratio of 2.82 and a beta of 1.55.
ON Semiconductor (NASDAQ:ON – Get Free Report) last posted its earnings results on Monday, November 3rd. The semiconductor company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.52 billion. ON Semiconductor had a return on equity of 13.60% and a net margin of 5.16%.The company’s quarterly revenue was down 12.0% on a year-over-year basis. During the same period last year, the firm earned $0.99 EPS. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. On average, analysts predict that ON Semiconductor Corporation will post 2.6 earnings per share for the current year.
ON Semiconductor announced that its board has approved a share buyback plan on Tuesday, November 18th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor company to repurchase up to 32.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.
Insider Activity
In related news, CFO Trent Thad sold 20,000 shares of ON Semiconductor stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $55.05, for a total value of $1,101,000.00. Following the sale, the chief financial officer owned 379,448 shares of the company’s stock, valued at approximately $20,888,612.40. This trade represents a 5.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.31% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Private Trust Co. NA lifted its stake in shares of ON Semiconductor by 72.8% in the third quarter. Private Trust Co. NA now owns 522 shares of the semiconductor company’s stock worth $26,000 after buying an additional 220 shares in the last quarter. CVA Family Office LLC raised its holdings in ON Semiconductor by 83.7% in the 4th quarter. CVA Family Office LLC now owns 472 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 215 shares during the last quarter. Quent Capital LLC purchased a new position in ON Semiconductor in the 3rd quarter worth approximately $28,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of ON Semiconductor by 68.7% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 577 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 235 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators grew its position in shares of ON Semiconductor by 62.3% in the third quarter. Deseret Mutual Benefit Administrators now owns 568 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 218 shares in the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.
About ON Semiconductor
ON Semiconductor, which operates under the onsemi brand, is a global supplier of semiconductor components and related solutions. The company designs, manufactures and sells a broad portfolio that includes power and analog devices, discrete components, sensors and custom mixed-signal products. Its offerings are used to manage, convert and sense electrical power and signals across a wide range of electronic systems.
ON Semiconductor serves customers in key end markets such as automotive, industrial, cloud power and communications, as well as consumer and computing applications.