ON Semiconductor Corporation (ON)

Over the past six months, ON Semiconductor's stock has fluctuated within a 52-week range of $31.04 to $66.86, trading around $65.20 as of February 7, 2026, showing a 36.80% increase over six months and 27.22% over the past year. The company faced a cyclical customer inventory correction and EV market slowdown, leading to an expected revenue decrease of about 14% in 2025. In Q3 2025, onsemi reported EPS of $0.63 and revenue of $1.55 billion, exceeding forecasts, though the stock fell 1.9%. onsemi acquired Qorvo's silicon carbide JFET technology in January 2025 and Vcore Power Technologies in September 2025. The stock received analyst rating updates and hit a 52-week high of $63.64 in January 2026. Moody's affirmed ON Semiconductor's Ba1 rating, and S&P Global Ratings revised the company's outlook to positive.

ON Semiconductor's products exhibit demand seasonality correlating with the broader technology sector, with seasonal strength typically from October 9 to February 15. The company faced a cyclical customer inventory correction and EV market slowdown in 2025, leading to an expected revenue decline. Analysts anticipate positive revenue growth starting in Q1 2026, with a recovery in semiconductor demand in the auto sector expected in 2027. Gross margins are closely tied to factory utilization.

ON Semiconductor Corporation, known as onsemi, is an American semiconductor supplier specializing in intelligent power and sensing technologies, designing, manufacturing, and selling semiconductor components primarily for the automotive and industrial markets. The company focuses on intelligent power solutions like Silicon Carbide (SiC) and Gallium Nitride (GaN) for EVs, sustainable energy, and AI data centers, offering products like EliteSiC™ Power Devices. It also provides intelligent sensing solutions, including Hyperlux™ Image Sensors for automotive ADAS/Autonomous Driving and industrial applications. Additionally, onsemi offers power and signal management, logic, discrete, and custom devices, including the Treo™ Platform and PowerTrench® MOSFETs.

onsemi operates globally with facilities in North America, Europe, and Asia Pacific. In North America, it has locations in the United States and Canada. Its European presence includes the Czech Republic, Germany, Ireland, Sweden, Slovakia, and Romania. Operations in Asia Pacific span China, Japan, India, Malaysia, Philippines, South Korea, Taiwan, and Vietnam.

onsemi has a strong brand reputation, particularly in sustainability and ethical business practices. The company is committed to achieving net-zero emissions by 2040 and has been recognized as one of the "World's Most Ethical Companies®" by Ethisphere for six consecutive years. It has also been named to the Dow Jones Sustainability Index and recognized on Barron's "100 Most Sustainable Companies" for four years. The company rebranded to "onsemi" in 2021, underscoring its shift towards advanced solutions for the automotive and industrial sectors.

ON Semiconductor Corporation has significant institutional ownership, with 1427 institutional owners and shareholders holding 506,224,703 shares, accounting for 89.43% of the company. Major institutional owners include Fmr Llc, Vanguard Group Inc, BlackRock, Inc., Optiver Holding B.V., State Street Corp, Janus Henderson Group Plc, and Jpmorgan Chase & Co. Individual ownership accounts for 0.51%.