ON - ON Semiconductor Corp

NASDAQ · Technology · Semiconductors

$116.79

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End of day · Jun 12, 2026, 12:00 AM

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About

ON Semiconductor Corporation provides intelligent sensing and power solutions in the United States and internationally. The company operates through three segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group. Its intelligent power technologies enable the electrification of the automotive industry that allows for lighter and longer-range electric vehicles, empowers fast-charging systems, and propels sustainable energy for the solar strings, industrial power, and storage systems. The company offers analog, discrete, module, and integrated semiconductor products that perform multiple application functions, includes power switching and conversion, signal conditioning, circuit protection, signal amplification, and voltage regulation functions. The company also designs and develops analog, mixed-signal, advanced logic, application specific standard product and ASICs, radio frequency, and integrated power solutions for end-users in end-markets, as well as provides foundry and design services for government customers. In addition, it develops complementary metal oxide semiconductor image sensors, image signal processors, and single photon detectors, include silicon photomultipliers and single photon avalanche diode arrays, as well as actuator drivers for autofocus and image stabilization for a broad base of end-users in various end-markets. ON Semiconductor Corporation was incorporated in 1992 and is headquartered in Scottsdale, Arizona.

https://www.onsemi.com

ON - ON Semiconductor Corp

Technology

If you told me a year ago ON was gonna go full rocket ship from $43 to $116 without pausing for breath, I would’ve laughed and bought puts. But here we are looking at a line that just keeps dog walking its shorts. This is meme behavior, but the scary thing is, it’s all on earnings and that power management/EV tailwind. Last quarter’s print? Absolute face melter. That’s why I think there’s still room for this train to run. I’m bullish with my target at 132.00 because the momentum is real and Wall Street is finally waking up to the secular growth story here not just EV, but every high demand chip vertical these guys touch. Their lead times are stabilizing and margins keep surprising to the upside (which is what’s keeping this rally juiced, in my opinion). Plus, with all the noise about the chip cycle, ON keeps showing it isn’t just some cyclical semiconductor name. Here’s my two cents of FOMO: If ON can land just one more beat and raise next quarter, I see this being a magnet for every fund that missed the big move and wants to make up for it before year end. There’s always a risk this gets treated like dead money if the next guide is soft or Elon sends EVs to Mars instead of consumers, but honestly, the earnings momentum is almost too obvious. I know it’s up a ton already, and yeah, maybe it’s crowded. But look at the chart. This thing left gravity behind in April. If you’re scared of heights, maybe this is a bad spot. If you like catching rockets, set your eyes on $132.00 and buckle up for the next earnings call. Not quite YOLO, but I’m onboard.

Entry

$116.20

Above

$132.00

Jul 22, 2026

Karma

125 to 17562

Bullish

Open

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ON - ON Semiconductor Corp

Technology

Honestly, ON has been wild over the last year. Looking at the price history, it’s almost comical: hanging out in the 40s and 50s for months, then suddenly ripping all the way to 88 in April and now at 113.11. Volatility like this always makes me pause, but it’s hard to ignore the story here. I’m bullish from this level, even if it feels a little late to the party. My target is 134.00. ON’s exposure to power management and EV semis gives it some legit tailwinds, especially as automakers keep doubling down on electrification and grid upgrades keep getting budget. There’s actual demand behind the hype. Plus, their recent earnings blowout (and that pop in April) wasn’t just some meme spike margins are up, and guidance was solid. The market wanted proof, and ON delivered. My main hesitation: you’re basically buying into a name that just more than doubled in a few months. If sentiment turns or the next quarter is just "okay" instead of great, this could retrace 10 15 percent without blinking. That’s a real risk, and I wouldn’t size up too much here. But I don’t think the growth is fully priced in yet, and as long as they keep showing improving numbers, the multiple can move higher. The big catalyst ahead is the next quarterly report in about 10 weeks. If we get another beat and a confident outlook, I see momentum carrying through. Not a home run setup, but I like the risk/reward for patient holders at this level.

Entry

$113.11

Above

$134.00

Jul 27, 2026

Karma

122 to 17261

Bullish

Open

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