ON Semiconductor (ON)
Power, analog, and sensing semiconductors for vehicles, factories, energy systems, and AI data centers.
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Designs and manufactures silicon-carbide and silicon power devices, analog and mixed-signal chips, and imaging sensors for automotive, industrial, energy-infrastructure, and AI data-center customers. Semiconductor sales drive nearly all revenue, while automotive and industrial applications account for most demand and manufacturing spans owned facilities and outside contractors.
Designs and manufactures power, analog, mixed-signal, and imaging semiconductors for automotive, industrial, energy-infrastructure, and AI data-center systems. Power Solutions Group supplies silicon and silicon-carbide switches, diodes, modules, and vertical gallium-nitride devices. Analog and Mixed-Signal Group adds power-management, gate-driver, interface, connectivity, logic, and Treo platform products, while Intelligent Sensing Group develops CMOS image sensors, processors, short-wave infrared sensors, and photon-counting devices.
Earns almost all revenue by selling chips through distributors and directly to customers worldwide, with automotive and industrial applications generating most sales. Vertically integrated silicon-carbide production and a global factory network support power-device supply, while outside contractors handle selected manufacturing steps.
Depends on automotive and industrial demand, distributor performance, factory utilization, export controls, and environmental regulation. Planned divestitures continue the Fab Right manufacturing realignment; a proposed Synaptics acquisition remains subject to shareholder and regulatory approvals.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 18, 2026 | Truist Financial | Target | Target: $40 | Target: $75 |
| Sep 17, 2026 | Cantor Fitzgerald | Reiterate | Rating: —Target: $110 | Target: $90 |
| Sep 17, 2026 | Stifel Nicolaus | Target | Target: $107 | Target: $75 |
| Sep 17, 2026 | Mizuho Securities | Target | Target: $125 | Target: $95 |
| Aug 12, 2026 | Truist Financial | Target | Target: $91 | Target: $40 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jul 3, 2026Cash & short-term investments $3.86B · Total debt $4.48B · Total assets $13.49B · Shareholders' equity $7.22B
- Revenue
- $1.60B
- Operating income
- $258.6M
- Net income
- $226.8M
No dividends on record.
| Institutions | ≈ 102.55% | 399.26M shares | |
|---|---|---|---|
| 1,082 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.25% | 960.5K shares | |
| 11 holders · as of Jul 2, 2026 | |||
| Strategic holders | 13.74% | 53.50M shares | |
| 2 holders · as of Dec 10, 2020 | |||
| Adds to | 116.54% | ||
389.31M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 116.54%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
FMR LLCInstitution | 14.56% | 56.68M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 10.53% | 40.98M | as of Jun 30, 2026 |
PERSON Janus Henderson Group plc EIN #Strategic | 8.60% | 33.46M | filed Feb 13, 2018 |
Vanguard Capital Management LLCInstitution | 6.58% | 25.62M | as of Jun 30, 2026 |
Janus Henderson Group plcStrategic | 5.15% | 20.04M | filed Dec 10, 2020 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Apr 24, 2026 | Trent Thad | officer: Exec VP & CFO | −30,000 | $100.00 |
| Apr 23, 2026 | Trent Thad | officer: Exec VP & CFO | −30,000 | $93.00 |
| Apr 16, 2026 | Trent Thad | officer: Exec VP & CFO | −30,000 | $80.00 |
| Mar 13, 2026 | Sudhir Gopalswamy | officer: Group President, AMG & ISG | −6,114 | $58.67 |
| Feb 17, 2026 | Simon Keeton | officer: Group President, PSG | −48,860 | $71.75 |
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- NXP Semiconductors
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| ON Semiconductor | $72.94 | +1.70% | $27.92B | 46.0 | 18.7 | 4.5 | +9.2% |
| STMicroelectronics (ADR) | $53.47 | +3.56% | $46.08B | 101.2 | 26.9 | 3.5 | +24.4% |
| Texas Instruments | $270.39 | −0.18% | $247.37B | 41.2 | 28.4 | 12.7 | +22.8% |
| Analog Devices | $389.30 | +1.64% | $186.55B | 45.4 | 24.2 | 13.4 | +39.6% |
| Wolfspeed | $27.49 | −0.81% | $1.44B | — | — | 2.2 | −24.1% |
| Sony (ADR) | $23.44 | −0.66% | $138.53B | — | 27.4 | 1.7 | +0.3% |
| NXP Semiconductors | $236.29 | +1.67% | $58.61B | 19.8 | 14.1 | 4.4 | +19.5% |
| Median | 43.3 | 26.9 | 4.0 | +21.2% |