ON Semiconductor (NASDAQ:ON) Hits New 52-Week High After Better-Than-Expected Earnings

ON Semiconductor Corporation (NASDAQ:ON) shares hit a new 52-week high during mid-day trading 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. ON Semiconductor had a net margin of 2.02% and a return on equity of 12.22%. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the prior year, the firm 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.

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

Key ON Semiconductor News

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

• Positive Sentiment: Q4 EPS beat and constructive near‑term guidance: ON reported adjusted EPS ahead of consensus (reported $0.64) and gave Q1 FY2026 EPS guidance of $0.56–$0.66, together with management commentary that revenue growth and margin improvement should accelerate through 2026 — a setup investors like for earnings upside and a path to stronger buyback support. Q4 Earnings Snapshot
• Positive Sentiment: Big buyback runway / free cash flow story: Management authorized a sizable buyback program (board added a roughly $6B authorization) and Onsemi flagged record free cash flow margins in 2025 — that increases potential share repurchases as revenue recovers, a clearly positive capital‑return tailwind. Onsemi Is Near a Breakout—And Free Cash Flow Could Fuel It
• Positive Sentiment: Analyst upgrades and higher targets from some shops: Several firms raised price targets or reiterated constructive views after the print (KeyCorp / Needham among those increasing targets), which can sustain buying interest and support the rally. Analyst Revisions After Q4
• Neutral Sentiment: Mixed market/technical view — breakout narrative vs. congestion: Coverage pieces highlight a potential technical breakout and strengthening support base, but also note institutional ownership concentration and likely volatility at higher levels; this makes continuation possible but uneven. MarketBeat breakout analysis
• Negative Sentiment: Revenue decline and segment weakness: Revenue fell ~11% year‑over‑year and the top line missed slightly; Power Solutions and Analog & Mixed Signal segments contracted — a reminder that demand recovery is uneven and could cap near‑term upside if top‑line trends lag. Earnings Beat But Revenues Down Y/Y (Zacks)
• Negative Sentiment: New risk disclosure on AI integration: The company disclosed strategic, legal and cyber risks tied to AI integration initiatives — this is a non‑trivial operational/legal risk that could increase compliance or security costs and add execution uncertainty for AI‑related product launches. AI Integration Risk Disclosure

Wall Street Analysts Forecast Growth

ON has been the subject of a number of recent analyst reports. Weiss Ratings downgraded ON Semiconductor from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, January 30th. Benchmark cut shares of ON Semiconductor from a “buy” rating to a “hold” rating in a research report on Tuesday. Robert W. Baird upped their price objective on shares of ON Semiconductor from $48.00 to $56.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Piper Sandler increased their price objective on shares of ON Semiconductor from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Rosenblatt Securities boosted their target price on ON Semiconductor from $50.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday. 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 stock. According to data from MarketBeat.com, ON Semiconductor currently has a consensus rating of “Hold” and a consensus price target of $63.76.

Insider Transactions at ON Semiconductor

In other ON Semiconductor news, CFO Trent Thad sold 20,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer directly owned 379,448 shares of the company’s stock, valued at $20,888,612.40. The trade was a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.31% of the stock is owned by company insiders.

Institutional Trading of ON Semiconductor

A number of institutional investors and hedge funds have recently modified their holdings of the company. Private Trust Co. NA raised its holdings in ON Semiconductor by 72.8% in the 3rd quarter. Private Trust Co. NA now owns 522 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 220 shares during the period. CVA Family Office LLC increased its stake in shares of ON Semiconductor by 83.7% in the fourth quarter. CVA Family Office LLC now owns 472 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 215 shares during the period. Root Financial Partners LLC lifted its position in shares of ON Semiconductor by 42.1% during the 4th 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 last quarter. Quent Capital LLC bought a new stake in ON Semiconductor during the 3rd quarter valued at approximately $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its holdings 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 valued at $28,000 after buying an additional 235 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.

ON Semiconductor Trading Up 5.6%

The company has a market capitalization of $28.64 billion, a P/E ratio of 209.36, a P/E/G ratio of 2.92 and a beta of 1.56. The company has a 50-day simple moving average of $58.98 and a 200 day simple moving average of $53.20. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.54 and a current ratio of 4.52.

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.