Key facts, as of
As of October 6, 2026, ON Semiconductor (ON) trades at $86.31, up 71.4% over the past year. Its 52-week range runs from $44.56 to $134.92; the price is 36.0% below that high. It is 36.0% below its all-time high of $134.92, reached in June 2026. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +523.9%, against +312.9% for the S&P 500 (SPY). It sits 6.9% above its 200-day average of $80.78, the usual sign of a long-term uptrend. Its 30-day volatility is 60.6% annualized, which we rate very high risk. It has a trailing P/E of 55.7.
Cite: Portfolio Terminal, "ON Semiconductor (ON) stock analysis", 2026-10-06. https://portfolio-terminal.com/analyse/on
Where it trades today
trading 46% of the way up its 52-week range
How the price has moved
How far it is from its record
ON Semiconductor (ON) is 36.0% below its all-time high of $134.92, reached in June 2026. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +523.9%, against +312.9% for the S&P 500 (SPY).
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 55.7x 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 60.6%, above the sector norm of 28.0%, so position sizing matters more than usual.
- ON is in a bullish short-term regime and only 36.0% below its 52-week high, so the question is whether fundamentals can keep pace with that stronger tape.
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.
- If the short-term trend rolls over while volume fades, the market may stop paying up for momentum before the fundamentals change.
- Volatility is already above the sector norm, so even a correct long-term thesis can be painful if the position size is too aggressive.
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: Oct 6, 2026, 11:07 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 $104.46 versus $86.31 today (+21.0%). 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.
Which ETFs hold it
ON is in 9 of the 30 ETFs we track. It weighs most in SOXX: 1.40% of the fund, holding #21 of 30.
Famous investors who hold it
ON is in the latest 13F of 1 of the 15 famous investors we follow. George Soros (Soros Fund Management) holds the most of it: 0.26% of the portfolio, position #102 of 261, as of Q2 2026.
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
Back above its 50-day average, still under the long-term trend.
recovering- Price is 12.7% above its 50-day average and 6.9% above its 200-day.
- The 50-day crossed below the 200-day on 2026-09-21 (a “death cross”).
- RSI at 67 is neither stretched nor washed out.
- The nearest ceiling is $133.67 (+54.9%), the nearest floor $85.12 (-1.4%).
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 investment in 2026?
ON Semiconductor trades at a P/E ratio of 55.7, with very high volatility (60.6% annualized). Recent momentum is positive.
What is the risk level of ON?
Based on 30-day volatility of 60.6%, ON has VERY HIGH risk. Beta of 2.05 indicates higher sensitivity to market movements than average.
Does ON pay dividends?
ON Semiconductor currently does not pay a regular dividend.
How far is ON from its all-time high?
ON Semiconductor is 36.0% below its all-time high of $134.92, reached in June 2026. Over the 10 years to the end of September 2026, with dividends reinvested, it returned +523.9%, against +312.9% for the S&P 500 (SPY).
Which ETFs hold ON?
9 of the 30 popular ETFs we track hold ON Semiconductor. The largest weights: SOXX (1.40%), SMH (0.46%), XLK (0.16%), VGT (0.14%) and VTV (0.11%). Measured on each issuer's full holdings file, dated August 31 to September 24, 2026.
How much of VOO is ON?
0.04%, as of August 31, 2026: ON is holding #317 of 505 in Vanguard's file for VOO. $1,000 in VOO puts about $0.44 in ON Semiconductor.
Which famous investors own ON?
George Soros (0.26% of Soros Fund Management's 13F), according to their latest Form 13F filings with the SEC (Q2 2026). A 13F lists US long positions 45 days after the quarter ends, so it can be out of date.
What is the analyst price target for ON?
The average analyst price target for ON Semiconductor (ON) is $104.46 based on 26 analyst estimates, about 21.0% above the current price of $86.31. 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.