ON Semiconductor (NASDAQ:ON) Sets New 1-Year High on Strong Earnings

ON Semiconductor Corporation (NASDAQ:ON) reached a new 52-week high on Tuesday after the company announced better than expected quarterly earnings. The stock traded as high as $67.69 and last traded at $66.9930, with a volume of 3789512 shares trading hands. The stock had previously closed at $65.10.

The semiconductor company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. ON Semiconductor had a net margin of 2.02% and a return on equity of 12.11%. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the prior year, the company posted $0.95 EPS. The firm’s revenue for the quarter was down 11.2% compared to the same quarter last year. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS.

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

More ON Semiconductor News

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

• Positive Sentiment: Company reported record free cash flow for 2025 and authorized a large $6 billion share‑repurchase program, supporting shareholder returns and buyback-driven EPS upside. onsemi Reports Fourth Quarter and Full Year 2025 Results
• Positive Sentiment: Non‑GAAP EPS beat consensus (reported $0.64 vs. ~$0.62) and management highlighted margin improvement potential — a near-term earnings beat that helped stem the initial selloff. onsemi’s Q4 Earnings Beat Estimates
• Positive Sentiment: Product and supply partnerships (new vertical GaN products; MoU / collaborations to scale GaN production) position ON for higher‑value power semiconductor demand (EV, data center power). That technology roadmap supports a constructive medium‑term growth thesis. onsemi Reports Fourth Quarter and Full Year 2025 Results
• Positive Sentiment: Technical/momentum boost — the stock hit a 52‑week high amid the recovery from the post‑release drop, attracting momentum traders and heavier-than-normal volume. On Semiconductor stock hits 52-week high
• Neutral Sentiment: First‑quarter guidance is roughly in line but conservative: company gave a revenue/eps range that implies only modest sequential recovery — investors must watch execution vs. that guide. onsemi Q4 presentation / Q1 outlook
• Neutral Sentiment: Analyst reactions are mixed: several firms raised price targets or reiterated coverage while others trimmed targets or ratings — this keeps near‑term sentiment split and adds volatility risk. These Analysts Revise Their Forecasts On ON Semiconductor After Q4 Results
• Negative Sentiment: Revenue declined ~11% year‑over‑year and the company missed top‑line consensus, with several end‑market segments down — this weak top‑line trend is the primary downside driver. Chipmaker Onsemi misses quarterly revenue estimates, shares fall (Reuters)
• Negative Sentiment: Margins compressed year‑over‑year amid revenue deleveraging and certain one‑time charges; operating income and net income declined materially vs. prior year, flagging near‑term profitability risk until volumes recover. On Semiconductor Fourth-Quarter Sales Fall (WSJ)

Analyst Upgrades and Downgrades

ON has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price target on shares of ON Semiconductor from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Tuesday. Piper Sandler lifted their target price on shares of ON Semiconductor from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday. B. Riley Financial raised their price objective on shares of ON Semiconductor from $54.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, January 20th. BNP Paribas Exane upgraded ON Semiconductor from a “strong sell” rating to a “hold” rating in a report on Thursday, January 22nd. Finally, Weiss Ratings lowered ON Semiconductor from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, January 30th. Twelve equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $63.76.

Insiders Place Their Bets

In related news, CFO Trent Thad sold 20,000 shares of the company’s stock in a transaction on 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 directly owned 379,448 shares in the company, valued at $20,888,612.40. This represents a 5.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.31% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Private Trust Co. NA raised its stake 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 buying an additional 220 shares during the last quarter. CVA Family Office LLC increased its holdings 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 in the last quarter. Root Financial Partners LLC raised its position in shares of ON Semiconductor by 42.1% in the 4th quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 149 shares during the last quarter. Quent Capital LLC purchased a new position in shares of ON Semiconductor in the 3rd quarter valued at approximately $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its stake in ON Semiconductor by 68.7% in 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 in the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

ON Semiconductor Stock Performance

The company has a current ratio of 5.23, a quick ratio of 3.54 and a debt-to-equity ratio of 0.43. The company has a market cap of $27.09 billion, a PE ratio of 198.04, a P/E/G ratio of 2.81 and a beta of 1.56. The firm’s 50-day simple moving average is $58.70 and its two-hundred day simple moving average is $53.07.

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.