ON Semiconductor (NASDAQ:ON) Reaches New 12-Month High After Better-Than-Expected Earnings

ON Semiconductor Corporation (NASDAQ:ON)’s stock price hit a new 52-week high on Tuesday following a stronger than expected earnings report. The stock traded as high as $67.69 and last traded at $66.9930, with a volume of 3789512 shares changing hands. The stock had previously closed at $65.10.

The semiconductor company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.54 billion. ON Semiconductor had a net margin of 5.16% and a return on equity of 13.60%. The business’s quarterly revenue was down 11.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.95 earnings per share. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS.

ON Semiconductor declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, November 18th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor company to purchase up to 32.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Trending Headlines about ON Semiconductor

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

• Positive Sentiment: Company generated record free cash flow ($1.4B for 2025) and authorized a new $6 billion share repurchase program, which supports shareholder returns and EPS leverage. onsemi Reports Fourth Quarter and Full Year 2025 Results
• Positive Sentiment: Product/technology progress: introduced vertical GaN power semiconductors and announced collaboration/MoU with GlobalFoundries and Innoscience to scale GaN — potential long-term margin and market-share upside in automotive, industrial and AI power. onsemi Reports Fourth Quarter and Full Year 2025 Results
• Positive Sentiment: Several analysts raised price targets or reiterated constructive views after the quarter (Needham raised its target and kept a Buy; other firms increased targets), reflecting confidence in margin recovery and product pipeline. These Analysts Revise Their Forecasts On ON Semiconductor After Q4 Results
• Neutral Sentiment: Q4 non-GAAP EPS was roughly in line/beat consensus (non-GAAP $0.64 vs. $0.62 estimate) but GAAP metrics and YoY comparisons remain weak; the quarter contained one-time items and restructuring charges that complicate comparability. ON Semiconductor Corp. (ON) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
• Neutral Sentiment: Some analysts trimmed expectations or moved to Hold (Truist raised its target but kept a Hold); expect mixed analyst sentiment near-term as data and guidance are parsed. Analyst Note: Truist / Benzinga summary
• Negative Sentiment: Revenue declined ~11% YoY to $1.53B and missed estimates; the company’s largest segments remain under pressure from inventory destocking and weaker end-market demand. That top-line weakness is the primary driver of downward stock pressure. Chipmaker Onsemi misses quarterly revenue estimates, shares fall
• Negative Sentiment: Q1 (FY Q1 2026) guidance is conservative: revenue guide sits toward the low end of Street expectations and non‑GAAP EPS guidance (0.56–0.66) is roughly in line or slightly below consensus — leaves limited near-term upside and supports a cautious stance. onsemi Reports Fourth Quarter and Full Year 2025 Results
• Negative Sentiment: Several outlets reported a negative market reaction and a downgrade from Benchmark (Buy→Hold), reflecting concern about the sustainability of recovery and near-term demand visibility. Benchmark downgrades ON Semiconductor

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Truist Financial lifted their price objective on shares of ON Semiconductor from $57.00 to $66.00 and gave the company a “hold” rating in a report on Tuesday. Weiss Ratings lowered ON Semiconductor from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, January 30th. Robert W. Baird increased their price target on ON Semiconductor from $48.00 to $56.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Morgan Stanley upped their target price on ON Semiconductor from $55.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Monday, November 24th. Finally, Citigroup reiterated a “neutral” rating on shares of ON Semiconductor in a research report on Tuesday. Eleven investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $62.23.

Insider Buying and Selling

In other ON Semiconductor news, CFO Trent Thad sold 20,000 shares of ON Semiconductor stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $55.05, for a total value of $1,101,000.00. Following the transaction, the chief financial officer owned 379,448 shares in the company, valued at $20,888,612.40. This trade represents a 5.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On ON Semiconductor

A number of hedge funds have recently made changes to their positions in ON. AQR Capital Management LLC lifted its stake in shares of ON Semiconductor by 187.9% in the first quarter. AQR Capital Management LLC now owns 121,357 shares of the semiconductor company’s stock worth $4,863,000 after acquiring an additional 79,206 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of ON Semiconductor by 61.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company’s stock valued at $54,000 after purchasing an additional 507 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of ON Semiconductor during the 2nd quarter valued at approximately $57,000. Blair William & Co. IL acquired a new stake in shares of ON Semiconductor during the second quarter worth approximately $276,000. Finally, Callan Family Office LLC bought a new stake in shares of ON Semiconductor in the second quarter worth $573,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

ON Semiconductor Stock Up 2.3%

The company has a debt-to-equity ratio of 0.43, a current ratio of 5.23 and a quick ratio of 3.54. The stock has a market capitalization of $26.79 billion, a price-to-earnings ratio of 87.01, a PEG ratio of 2.83 and a beta of 1.56. The firm’s fifty day moving average is $58.39 and its 200-day moving average is $53.00.

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.