ON Semiconductor (NASDAQ:ON) Hits New 1-Year High – Here’s What Happened

ON Semiconductor Corporation (NASDAQ:ON)’s share price hit 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.

Key Headlines Impacting ON Semiconductor

Here are the key news stories impacting ON Semiconductor this week:

• Positive Sentiment: Quarterly beat and outlook: ON reported a recent quarter with EPS above consensus ($0.63 vs ~$0.59) and revenue slightly above estimates; management set Q4 fiscal 2025 EPS guidance of $0.570–$0.670, which gives investors a clear near-term forecast to model. MarketBeat ON data
• Positive Sentiment: Solid liquidity and manageable leverage: ON shows high short-term liquidity (quick ratio ~3.5, current ratio ~5.2) and a modest debt-to-equity (~0.43), supporting flexibility to invest or weather cyclical demand swings.
• Positive Sentiment: Technical momentum and valuation context: The stock is trading near its 12‑month high and above both the 50‑ and 200‑day moving averages—momentum that can attract momentum and quant-driven buyers.
• Neutral Sentiment: Earnings expectations and growth multiple: Analysts expect ~2.6 EPS for the current year; ON’s trailing P/E is elevated (~84x), implying the market is pricing continued growth — a mixed signal that depends on execution.
• Negative Sentiment: Revenue weakness vs. prior year: Revenue declined ~12% year-over-year in the reported quarter and last year’s comparable EPS was higher, highlighting near-term demand pressure in parts of the semiconductor cycle.
• Negative Sentiment: Low intraday volume vs. average: Trading volume is below the stock’s recent average, which can make upward moves less durable if broader market sentiment cools.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Benchmark reissued a “buy” rating on shares of ON Semiconductor in a research report on Tuesday, November 4th. B. Riley boosted their price target on ON Semiconductor from $54.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 20th. Piper Sandler increased their price objective on ON Semiconductor from $60.00 to $65.00 and gave the company an “overweight” rating in a research report on Wednesday, January 7th. Rosenblatt Securities reiterated a “neutral” rating and issued a $50.00 price objective on shares of ON Semiconductor in a report on Tuesday, November 4th. Finally, TD Cowen restated a “buy” rating on shares of ON Semiconductor in a research note on Tuesday, November 4th. Thirteen research analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $61.30.

ON Semiconductor Stock Up 4.6%

The company’s 50-day moving average price is $55.79 and its 200 day moving average price is $52.81. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.54 and a current ratio of 5.23. The stock has a market cap of $26.36 billion, a PE ratio of 84.91, a price-to-earnings-growth ratio of 2.65 and a beta of 1.55.

ON Semiconductor (NASDAQ:ON) last announced its earnings results on Monday, November 3rd. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.04. ON Semiconductor had a net margin of 5.16% and a return on equity of 13.60%. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the business posted $0.99 earnings per share. The firm’s quarterly revenue was down 12.0% compared to the same quarter last year. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. As a group, analysts forecast that ON Semiconductor Corporation will post 2.6 EPS for the current fiscal year.

ON Semiconductor announced that its board has approved a stock repurchase program on Tuesday, November 18th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 32.7% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other ON Semiconductor news, CFO Trent Thad sold 20,000 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $55.05, for a total transaction of $1,101,000.00. Following the completion of the sale, the chief financial officer owned 379,448 shares of the company’s stock, valued at approximately $20,888,612.40. The trade was a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ON. Migdal Insurance & Financial Holdings Ltd. increased its holdings in ON Semiconductor by 41.4% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 816 shares of the semiconductor company’s stock worth $44,000 after acquiring an additional 239 shares in the last quarter. Evergreen Capital Management LLC boosted its position in shares of ON Semiconductor by 200.4% in the fourth quarter. Evergreen Capital Management LLC now owns 14,111 shares of the semiconductor company’s stock worth $764,000 after purchasing an additional 9,414 shares during the period. Krilogy Financial LLC increased its stake in shares of ON Semiconductor by 10.2% in the fourth quarter. Krilogy Financial LLC now owns 10,167 shares of the semiconductor company’s stock worth $551,000 after purchasing an additional 942 shares in the last quarter. VCI Wealth Management LLC bought a new stake in shares of ON Semiconductor during the 4th quarter valued at $1,276,000. Finally, Tokio Marine Asset Management Co. Ltd. boosted its holdings in ON Semiconductor by 21.3% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 18,761 shares of the semiconductor company’s stock worth $1,016,000 after buying an additional 3,299 shares during the period. 97.70% of the stock is owned by hedge funds and other institutional investors.

ON Semiconductor Company Profile

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.