Key facts, as of
As of September 29, 2026, ON Semiconductor (ON) trades at $75.95, up 52.6% over the past year. Its 52-week range runs from $44.56 to $134.92; the price is 43.7% below that high. It sits 5.2% below its 200-day average of $80.08, the usual sign of a long-term downtrend. Its 30-day volatility is 59.8% annualized, which we rate very high risk. It has a trailing P/E of 50.3.
Cite: Portfolio Terminal, "ON Semiconductor (ON) stock analysis", 2026-09-29. https://portfolio-terminal.com/analyse/on
Where it trades today
trading 35% of the way up its 52-week range
How the price has moved
What to weigh before acting
What Matters Now
- Execution usually depends on product cycles, cloud demand, and how efficiently new AI or software capex converts into durable revenue.
- ON trades at 50.3x earnings, well above the technology average of 28.5x, so the market is already pricing in above-consensus execution.
- Recent realized volatility is running around 59.8%, above the sector norm of 28.0%, so position sizing matters more than usual.
- Relative performance versus AAPL, MSFT, NVDA matters here because leadership inside technology rarely stays static for long.
Portfolio Use Case
- ON is more useful for investors comparing conviction names inside technology than for someone looking for a passive “set and forget” holding.
- This name works better as a satellite or higher-conviction growth position because it can amplify market swings in both directions.
- It is best monitored alongside valuation discipline, because strong narratives in technology can stay expensive longer than expected.
What Would Change the View
- A reset in earnings expectations or a faster peer catch-up could compress the premium valuation currently embedded in ON.
- Volatility is already above the sector norm, so even a correct long-term thesis can be painful if the position size is too aggressive.
- There is little income cushion here, so total return depends mainly on price appreciation and execution staying on track.
Methodology
- Price, market cap, beta, yield, and liquidity fields for ON come from Yahoo Finance quote and summary data.
- 30-day volatility is calculated from recent daily returns and annualized using a 252-trading-day convention.
- Sector context uses stored benchmark averages for Technology so each page compares the ticker against a stable peer baseline rather than against the whole market.
- Peer comparisons use the Portfolio Terminal coverage set and highlight nearby listed alternatives such as AAPL, MSFT, NVDA.
Sources
- Yahoo Finance quote dataopen →
Live quote, valuation, beta, yield, and volume fields used for ON. Last refresh: Sep 29, 2026, 10:33 PM.
- Portfolio Terminal methodologyopen →
Explains how analytics, refresh cadence, and portfolio interpretation work across the product.
- Peer set and coverage context
Comparative context for this page is anchored around nearby tracked names such as AAPL, MSFT, NVDA.
What ON Semiconductor does
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. Its Analog and Mixed-Signal Group segment designs and develops analog and mixed-signal solutions, including power management, sensor interface, connectivity, and standard products for automotive,…
What analysts expect
ON carries a buy consensus from 26 analysts, with an average price target of $103.69 versus $75.95 today (+36.5%). Targets are estimates and can move quickly after earnings.
Consensus aggregated by Yahoo Finance. Targets are estimates, not forecasts.
How the business is doing
ON generated $6.20B in trailing revenue (9.2% year over year), with a 10.2% net margin, and $1.66B of free cash flow, against $844.50M of net debt.
The numbers, year by year
| Fiscal year | Revenue | Gross profit | Operating income | Net income | EPS | Free cash flow |
|---|---|---|---|---|---|---|
| 2025 | $6.00B | $1.98B | $751.10M | $121.00M | $0.29 | $1.42B |
| 2024 | $7.08B | $3.22B | $1.90B | $1.57B | $3.68 | $1.21B |
| 2023 | $8.25B | $3.88B | $2.61B | $2.18B | $5.07 | $438.40M |
| 2022 | $8.33B | $4.08B | $2.76B | $1.90B | $4.39 | $1.60B |
When it reports next
Estimates aggregated by Yahoo Finance. Dates move and estimates change until the report lands.
How it sits in technology
High-growth sector driven by innovation, cloud computing, AI, and digital transformation.
The companies it competes with
ON beside the technology names it is usually measured against.
What the chart is saying
In a downtrend, with $75.21 the next floor.
downtrend- Price is 1.7% below its 50-day average and 5.2% below its 200-day.
- The 50-day crossed below the 200-day on 2026-09-21 (a “death cross”).
- RSI at 53 is neither stretched nor washed out.
- The nearest ceiling is $85.12 (+12.1%), the nearest floor $75.21 (-1.0%).
A description of the chart, not advice. Indicators describe what the price has done; none of them knows what it does next.
Questions people ask about it
Is ON a good buy right now?
ON Semiconductor trades at 50.3x earnings. This is above market average, reflecting growth expectations. Current risk level is Very High based on 59.8% volatility.
Does ON pay dividends?
ON Semiconductor does not currently pay a regular dividend. The company may be reinvesting profits for growth.
How volatile is ON?
With 30-day annualized volatility of 59.8% and beta of 2.00, ON is classified as Very High risk. Expect larger swings than the broader market during volatile periods.
What is the analyst price target for ON?
The average analyst price target for ON Semiconductor (ON) is $103.69 based on 26 analyst estimates, about 36.5% above the current price of $75.95. The published range runs from $75.00 to $150.00.
How much revenue does ON generate?
ON Semiconductor reported $6.20B in trailing twelve-month revenue. Revenue growth is running at 9.2% year over year. Net margin sits at 10.2%. Figures are aggregated from company filings by Yahoo Finance and refresh on an hourly cadence.
Compare ON with anything
Five years side by side: what $10,000 became, how far each fell, whether they move together.