ON Semiconductor Corporation (ON)

ON Semiconductor's stock price has experienced a pullback due to weakness in automotive and industrial demand. As of January 6, 2026, the share price was $61.76, representing a decline of 1.55% from January 7, 2025. Analysts remain optimistic about a steady recovery, driven by onsemi's focus on profitability and exposure to electric vehicles and energy-efficient technologies. In December 2025, onsemi's stock closed at $54.15 on December 31, 2025, and saw fluctuations into January 2026, with a closing price of $58.75 on January 12, 2026. Mizuho raised onsemi's price target to $72 from $62, while Morgan Stanley issued a "Hold" rating. The company's revenue for the year ended December 31, 2024, was $7.082 billion, a decrease of 14.2% from 2023, primarily due to decreased demand in automotive and industrial end-markets. Management has guided for flat revenue growth in 2025, anticipating continued margin pressure due to increased competition and softness in key end markets. Despite a cyclical market slowdown, onsemi is pivoting towards high-margin, high-growth segments like intelligent power and sensing solutions. The company announced new long-term supply agreements with major automakers to expand its silicon carbide production capacity and plans to streamline manufacturing and optimize capital spending.

The semiconductor industry, including onsemi, often experiences seasonal demand patterns, with the first quarter generally considered a slack season due to a high-base effect from year-end inventory build-up. Demand typically starts to pick up around March and April, with May and June often being a peak season, and another peak season can occur from August to October as clients stock up for the Christmas holidays. However, atypical seasonality can occur due to external factors such as tariff threats and evolving supply chain strategies. Onsemi's main markets, automotive and industrial, have experienced a prolonged period of destocking and demand weakness, but the company is now seeing sequential growth and the reemergence of normal seasonal patterns. The long-term trend for semiconductor demand is expected to increase over the next decade, driven by the rising effectiveness of AI and increased use of technology and electronics.

ON Semiconductor Corp., known as onsemi, is an American semiconductor supplier based in Scottsdale, Arizona, that designs, manufactures, and supplies intelligent power and sensing semiconductor products and solutions, operating within the Electronic Technology sector and the Semiconductors industry. Onsemi's business focuses on intelligent sensing and power management, serving diverse markets including automotive, industrial, cloud, communications, 5G & cloud power, wireless, networking, consumer, personal electronics, medical, aerospace and defense, and computing industries. Its major products include analog, discrete, Silicon Carbide (SiC), MOSFETs, isolation components, power modules, memory, gate drivers, standard logic, Wide Bandgap (WBG) devices, ASICs, and connectivity products. The company is a significant supplier of power semiconductors and sensors, holding a position as the second-largest power chipmaker globally and the largest supplier of image sensors to the automotive market, strategically focused on high-growth megatrends like vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure.

Onsemi has a global presence with business operations across North America, Europe, and Asia-Pacific, maintaining a network of manufacturing facilities, sales offices, and design centers worldwide. It has 19 manufacturing sites in 9 countries, 43 design centers in 19 countries, and 8 solution engineering centers. Global distribution centers are located in China, the Philippines, and Singapore. Manufacturing facilities are found in Canada, the United States, the Czech Republic, China, Japan, Malaysia, South Korea, the Philippines, and Vietnam. Design centers are located in the United States, Canada, Belgium, Czech Republic, Germany, Ireland, Romania, Slovakia, Sweden, Switzerland, India, Israel, Italy, Japan, South Korea, and Taiwan.

Onsemi has received recognition for its commitment to sustainability and ethical business practices. The company was awarded "Most Sustainable Company" in the semiconductor industry by World Finance in 2020 and 2021. Ethisphere has recognized onsemi as one of the "World's Most Ethical Companies®" for six consecutive years. In 2020, EcoVadis awarded onsemi its highest level of recognition, platinum. Onsemi was also named to the Dow Jones Sustainability Index for the third year in a row in December 2020 and recognized on Barron's 100 "Most Sustainable Companies" for four years in a row. No specific events negatively impacting ON Semiconductor Corp.'s brand reputation in the past year (January 2025 - January 2026) were found in the search results.

The ownership structure of ON Semiconductor (ON) is predominantly institutional, with approximately 90.95% of the company's shares held by institutional investors. Major institutional owners include Fmr Llc (Fidelity Management & Research LLC), Vanguard Group Inc., BlackRock, Inc., State Street Corp, Janus Henderson Group Plc, Jpmorgan Chase & Co, and Optiver Holding B.V.. As of December 31, 2024, 1785 institutional owners and shareholders held a collective 510,061,094 shares. Individual investors and other public entities hold the remaining float, and insiders own approximately 0.50% of the stock.