ON Stock Price Today (October 2026) — ON Semiconductor Corporation Analysis & Key Metrics 2026-10-08
ON Semiconductor Corporation (ON) is trading at $79.41, down 3.76% today (as of October 2026). The stock continues to show early recovery signs above the short-term average, attracting attention from investors looking for Technology growth opportunities.
- According to consensus analyst estimates, the 1-year price target is $103.69 (30.6% upside).
- Volatility is high (41.36% annualized), implying wide price swings for short-term traders.
- The fundamental picture, based on the latest financial filings, is nuanced: solid revenue growth (9.20% YoY) alongside competitive pressures in the Semiconductors space.
ON Stock Analysis: Key Metrics & Valuation (October 2026)
Concise, actionable data for investors
ON Semiconductor Corporation - Historical Price & Volume
- Price
- Volume
- Latest price
Market Cap
Enterprise Value: $31.76B
P/E Ratio
Forward P/E: 16.36
Revenue Growth
Year over Year
Analyst Target
+30.6% upside potential
Key Investor Questions About ON
What investors need to know before buying
Based on current market data, ON presents a neutral technical setup with looking solid fundamentals.
- Technicals say: Neutral (RSI 52.24)
- Fundamentals say: Looking solid (debt and growth supportive)
ON's growth trajectory depends on its ability to expand within the Semiconductors sector while managing margin pressures.
- Future growth will depend on performance in core Semiconductors operations.
- The ability to manage competitive pressures will be crucial for sustained growth.
The primary risks for ON investors include debt exposure and competitive dynamics in the Semiconductors industry.
- $4.71B in debt could be a headwind in a high-rate environment.
- Fierce competition from established players in Semiconductors.
52-Week Trading Range
Over the past year, ON stock traded between $44.56 and $134.92 and currently trades in the middle of that range. Big swings are likely unless a major catalyst emerges.
Volatility & Risk Profile
With 41.36% annualized volatility and β=2.40, the stock exhibits high sensitivity to market moves—making ON suitable for investors comfortable with active risk management.
Institutional & Insider Ownership
Lower institutional support combined with high short selling points to negative sentiment.
Analyst Sentiment & Price Targets
Latest News & Headlines
Recent headlines and coverage
ON Semiconductor (ON) Could Be 28% Below Fair Value As Product Momentum Builds
ON Semiconductor (ON) sits at the intersection of two very different forces right now. You have rising Treasury yields and trade policy worries pressuring semis, while fresh product news and analyst optimism pull in the other direction. Recent trading tells a mixed story. ON Semiconductor’s share price is up 5.54% over 1 day and 10.32% over 7 days, yet still down 14.84% over 90 days, while the 1 year total shareholder return of 53.91% and 5 year total shareholder return of 69.26% indicate...
ON Semiconductor Corp. (ON) Declines More Than Market: Some Information for Investors
In the closing of the recent trading day, ON Semiconductor Corp. (ON) stood at $73.2, denoting a -1.22% move from the preceding trading day.
Own ON Semiconductor For AI Power, Or Own Micron's Contracts?
ON Semiconductor (ON) and Micron Technology (MU) are owned for the same reason. AI data centers need more silicon than the industry can make, and both sell into that shortage. The resemblance stops there. Micron has signed part of its peak pricing into multiyear contracts. ON Semiconductor is climbing out of a trough, still rationing parts between its AI customers and its car customers. Same shortage, opposite ends of a cycle.
Onsemi well positioned for rising data center power demand, Jefferies says
Onsemi (NASDAQ:ON) is well positioned to benefit from rising data center power demand, Jefferies said, arguing that investor concerns about margins following the semiconductor maker’s recent analyst day were overstated. The broker said Onsemi (NASDAQ:ON)’s 53% gross margin target should be...
Valens Semiconductor and onsemi Partner to Develop Integrated 3MP Automotive Camera Sensor
Valens Semiconductor (NYSE:VLN) has entered into a collaboration agreement with onsemi (NASDAQ:ON) to develop a cost-optimised image sensor incorporating MIPI A-PHY connectivity for high-volume automotive camera applications. The agreement, announced on 22 September 2026, focuses on integrating Valens’ connectivity technology directly into onsemi’s image sensors, targeting the 3-megapixel (3MP) segment.
ON Semiconductor Has Cratered for 3 Months: This Wall Street Pro Remains Bullish, Citing 120% Returns for Buyers
ON Semiconductor shed nearly half its value in three months while its peers barely flinched, yet one Wall Street analyst just doubled down with the most aggressive price target on the Street. The disconnect between the selloff and the operating data raises a question worth asking.
Latest News In Electric Vehicles - Subaru Partners With onsemi To Advance Power Architecture Integration
Subaru has embarked on a strategic collaboration with onsemi to evaluate its Embedded Power Platform (EPP), marking a significant step towards integrating next-generation power architectures in future electric vehicles. This partnership aims to explore how a more integrated power system design can enhance vehicle performance, efficiency, and design flexibility, crucial elements as automakers expand their electrified vehicle offerings. By gaining early access to engineering samples and...
ON Semiconductor Stock Is Already Half Off Its High, So How Low Could A Market Shock Take It?
ON Semiconductor (ON) stock trades near $67, about 50% below its 52-week high. It lost 43.7% over the trailing three months, ending with a 9.0% fall on September 16. Yet it is still up 38.4% over the trailing twelve months, against 15.5% for the S&P 500. The company's latest results show a business still shrinking but recovering, not one in trouble.
CEO Claims Investors Got It Wrong on $30 Billion Shortfall as ON Stock Plummets 9%
ON Semiconductor scheduled an investor day to make its case to Wall Street and watched its stock sink 9% through the presentation. Now the CEO is explaining a $30 billion gap in his own slide deck, and buyers are deciding whether to trust the answer.
ON Semiconductor Stock Fell 9% After Its Analyst Day. Here’s Where the Stock Could Go in 2026
Key Stats for ON Semiconductor StockCurrent Price: $66. 60Target Price (Mid): ~$145Street Target: ~$106Potential Total Return: ~118%Annualized IRR: ~20% / yearWhat Happened?ON Semiconductor (ON) spent September 16 telling investors it could nearly double its revenue to $11 billion by 2030, lift gross margins to 53%, and build a $2.
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Frequently Asked Questions
Common investor questions about ON Semiconductor Corporation
ON Semiconductor Corporation (ON) is currently trading at $79.41. The RSI (14-day) is at 52.2, indicating neutral territory. Wall Street analysts have a consensus "buy" recommendation. The mean analyst price target of $103.69 implies 30.6% upside from current levels. Volatility is high at 41.4% annualized, meaning significant price swings are common. Investors should consider their risk tolerance, investment horizon, and portfolio diversification before making a decision.
Based on current valuation metrics for ON Semiconductor Corporation (ON): The trailing P/E ratio is 46.83, which is above the market average, indicating investors are pricing in higher growth expectations. The forward P/E is 16.36, lower than the trailing P/E, suggesting analysts expect earnings improvement. The PEG ratio is 0.23, below 1.0, which generally indicates the stock is undervalued relative to its growth rate. Price-to-Book is 3.86. Price-to-Sales is 4.50. Valuation should be compared to Semiconductors industry peers for context, as different sectors trade at different multiples.
Based on 26 analysts covering ON, the consensus price target is $103.69. This represents a 30.6% upside from the current price of $79.41. The range spans from a low target of $75.00 to a high target of $150.00, reflecting varying levels of optimism among analysts. The consensus recommendation is "buy". Note: Analyst price targets are forward-looking estimates and not guarantees of future performance.
ON Semiconductor Corporation (ON) does not currently pay a regular dividend. The company may be reinvesting profits into growth initiatives, or may not yet be profitable enough to distribute earnings to shareholders.
Key risks for ON Semiconductor Corporation (ON) investors include: 1. High volatility (41.4% annualized)—the stock can experience significant daily price swings. 2. Elevated short interest (10.4% of float) suggests significant bearish sentiment. 3. Broader market and macroeconomic risks (interest rates, inflation, geopolitical events). 4. Semiconductors sector-specific competitive pressures. Investors should diversify and consider their risk tolerance before investing.
Here is ON Semiconductor Corporation's (ON) current debt and financial health profile: Total debt stands at $4.71B. The debt-to-equity ratio is 0.65x, which is moderate and generally manageable for most companies. The current ratio is 3.46, indicating strong short-term liquidity. The quick ratio is 2.29. The company holds $3.86B in cash and equivalents. Free cash flow is positive at $1.66B, providing a cushion for debt servicing and shareholder returns.