ON Semiconductor (NASDAQ:ON) Hits New 52-Week High – Should You Buy?

ON Semiconductor Corporation (NASDAQ:ON) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $66.86 and last traded at $65.0950, with a volume of 3467984 shares changing hands. The stock had previously closed at $62.63.

Key Headlines Impacting ON Semiconductor

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

• Positive Sentiment: Quarterly beat and outlook: ON reported a recent quarter with EPS above consensus ($0.63 vs ~$0.59) and revenue slightly above estimates; management set Q4 fiscal 2025 EPS guidance of $0.570–$0.670, which gives investors a clear near-term forecast to model. MarketBeat ON data
• Positive Sentiment: Solid liquidity and manageable leverage: ON shows high short-term liquidity (quick ratio ~3.5, current ratio ~5.2) and a modest debt-to-equity (~0.43), supporting flexibility to invest or weather cyclical demand swings.
• Positive Sentiment: Technical momentum and valuation context: The stock is trading near its 12?month high and above both the 50? and 200?day moving averages—momentum that can attract momentum and quant-driven buyers.
• Neutral Sentiment: Earnings expectations and growth multiple: Analysts expect ~2.6 EPS for the current year; ON’s trailing P/E is elevated (~84x), implying the market is pricing continued growth — a mixed signal that depends on execution.
• Negative Sentiment: Revenue weakness vs. prior year: Revenue declined ~12% year-over-year in the reported quarter and last year’s comparable EPS was higher, highlighting near-term demand pressure in parts of the semiconductor cycle.
• Negative Sentiment: Low intraday volume vs. average: Trading volume is below the stock’s recent average, which can make upward moves less durable if broader market sentiment cools.

Analysts Set New Price Targets

ON has been the subject of a number of recent analyst reports. UBS Group upped their price objective on ON Semiconductor from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Citigroup increased their price target on shares of ON Semiconductor from $54.00 to $66.00 and gave the company a “neutral” rating in a research report on Thursday, January 15th. Williams Trading set a $60.00 price objective on shares of ON Semiconductor in a research report on Tuesday, November 4th. B. Riley increased their target price on shares of ON Semiconductor from $54.00 to $58.00 and gave the company a “neutral” rating in a research report on Tuesday, January 20th. Finally, Stifel Nicolaus lifted their price target on shares of ON Semiconductor from $50.00 to $60.00 and gave the stock a “hold” rating in a report on Friday, January 16th. Thirteen analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the stock. According to MarketBeat.com, ON Semiconductor has an average rating of “Hold” and an average price target of $61.30.

ON Semiconductor Stock Up 4.6%

The company has a debt-to-equity ratio of 0.43, a current ratio of 5.23 and a quick ratio of 3.54. The stock has a market capitalization of $26.36 billion, a PE ratio of 84.91, a PEG ratio of 2.65 and a beta of 1.55. The company has a 50 day moving average price of $55.79 and a 200-day moving average price of $52.81.

ON Semiconductor (NASDAQ:ON) last released its quarterly earnings results on Monday, November 3rd. The semiconductor company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.04. ON Semiconductor had a net margin of 5.16% and a return on equity of 13.60%. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the previous year, the business posted $0.99 earnings per share. The firm’s revenue for the quarter was down 12.0% compared to the same quarter last year. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. As a group, analysts forecast that ON Semiconductor Corporation will post 2.6 earnings per share for the current fiscal year.

ON Semiconductor declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, November 18th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to reacquire up to 32.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other ON Semiconductor news, CFO Trent Thad sold 20,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $20,888,612.40. This trade represents a 5.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.31% of the stock is owned by company insiders.

Institutional Investors Weigh In On ON Semiconductor

A number of hedge funds and other institutional investors have recently bought and sold shares of ON. Norges Bank bought a new stake in shares of ON Semiconductor in the 2nd quarter worth approximately $228,835,000. Two Sigma Investments LP raised its stake in ON Semiconductor by 636.1% during the third quarter. Two Sigma Investments LP now owns 3,749,751 shares of the semiconductor company’s stock valued at $184,900,000 after buying an additional 3,240,375 shares during the last quarter. Rafferty Asset Management LLC boosted its holdings in ON Semiconductor by 55.0% in the second quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company’s stock worth $305,943,000 after acquiring an additional 2,072,125 shares in the last quarter. M&G PLC grew its stake in shares of ON Semiconductor by 164.2% in the second quarter. M&G PLC now owns 2,459,104 shares of the semiconductor company’s stock worth $127,873,000 after acquiring an additional 1,528,311 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of ON Semiconductor by 312.8% in the 2nd quarter. Alliancebernstein L.P. now owns 2,011,077 shares of the semiconductor company’s stock worth $105,401,000 after purchasing an additional 1,523,866 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

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.