ON Semiconductor (NASDAQ:ON) Reaches New 1-Year High – Should You Buy?

ON Semiconductor Corporation (NASDAQ:ON)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $73.76 and last traded at $71.8410, with a volume of 612649 shares changing hands. The stock had previously closed at $71.96.

Key Stories Impacting ON Semiconductor

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

• Positive Sentiment: Zacks flagged ON as a trending stock, which can attract increased retail and short‑term institutional flows and support intraday buying interest. ON Semiconductor Is a Trending Stock (Zacks)
• Neutral Sentiment: Recent company fundamentals are mixed: ON beat EPS in its last quarter but reported year‑over‑year revenue decline and issued moderate Q1 EPS guidance (0.560–0.660). That leaves investors focused on guidance and semiconductor demand trends rather than clear upside drivers. (Background company results and guidance are the key context driving trading.)
• Negative Sentiment: Benchmark downgraded ON, a direct negative catalyst — analyst downgrades commonly trigger immediate selling pressure and can prompt reassessment of near‑term expectations by other firms and quant funds. Benchmark Downgrades ON Semiconductor

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ON. Evercore restated an “outperform” rating on shares of ON Semiconductor in a report on Wednesday, January 7th. KeyCorp upped their price objective on shares of ON Semiconductor from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. Rosenblatt Securities raised their target price on shares of ON Semiconductor from $50.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. Mizuho cut their price target on ON Semiconductor from $72.00 to $70.00 and set an “outperform” rating for the company in a report on Tuesday, February 10th. Finally, Needham & Company LLC raised their price objective on ON Semiconductor from $68.00 to $72.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Twelve equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $64.19.

ON Semiconductor Trading Down 1.6%

The business’s 50-day moving average is $60.30 and its two-hundred day moving average is $53.57. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.52 and a quick ratio of 2.98. The firm has a market cap of $27.91 billion, a P/E ratio of 208.45, a P/E/G ratio of 0.77 and a beta of 1.56.

ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings results on Monday, February 9th. The semiconductor company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. ON Semiconductor had a return on equity of 12.22% and a net margin of 2.02%.The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter last year, the company posted $0.95 earnings per share. ON Semiconductor’s quarterly revenue was down 11.2% on a year-over-year basis. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS. As a group, analysts predict that ON Semiconductor Corporation will post 2.6 earnings per share for the current fiscal year.

ON Semiconductor announced that its Board of Directors has initiated a share buyback program on Tuesday, November 18th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to reacquire up to 32.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In related news, CEO Hassane El-Khoury sold 20,000 shares of the business’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $73.02, for a total value of $1,460,400.00. Following the completion of the transaction, the chief executive officer owned 1,015,610 shares of the company’s stock, valued at $74,159,842.20. The trade was a 1.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Trent Thad sold 60,000 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $71.22, for a total transaction of $4,273,200.00. Following the completion of the transaction, the chief financial officer directly owned 339,460 shares in the company, valued at approximately $24,176,341.20. This represents a 15.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 100,000 shares of company stock valued at $6,834,600. Corporate insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On ON Semiconductor

Hedge funds and other institutional investors have recently bought and sold shares of the company. Private Trust Co. NA raised its position in ON Semiconductor by 72.8% in the third quarter. Private Trust Co. NA now owns 522 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 220 shares during the last quarter. CVA Family Office LLC raised its stake in shares of ON Semiconductor by 83.7% during the fourth 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. Root Financial Partners LLC lifted its holdings in shares of ON Semiconductor by 42.1% during the fourth quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 149 shares during the period. Quent Capital LLC bought a new stake in shares of ON Semiconductor in the third quarter worth $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased its holdings in ON Semiconductor by 68.7% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 577 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 235 shares during the period. Institutional investors own 97.70% of the company’s stock.

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.