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ON Semiconductor Corporation (ON)

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Upturn Advisory Summary
10/31/2025: ON (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $58.03
1 Year Target Price $58.03
| 14 | Strong Buy |
| 3 | Buy |
| 13 | Hold |
| 1 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -25.49% | Avg. Invested days 25 | Today’s Advisory WEAK BUY |
Upturn Star Rating ![]() | Upturn Advisory Performance | Stock Returns Performance |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 20.48B USD | Price to earnings Ratio 47.7 | 1Y Target Price 58.03 |
Price to earnings Ratio 47.7 | 1Y Target Price 58.03 | ||
Volume (30-day avg) 31 | Beta 1.49 | 52 Weeks Range 31.04 - 74.52 | Updated Date 11/1/2025 |
52 Weeks Range 31.04 - 74.52 | Updated Date 11/1/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1.05 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-11-03 | When Before Market | Estimate 0.59 | Actual - |
Profitability
Profit Margin 7.28% | Operating Margin (TTM) 16.52% |
Management Effectiveness
Return on Assets (TTM) 5.28% | Return on Equity (TTM) 5.75% |
Valuation
Trailing PE 47.7 | Forward PE 17.01 | Enterprise Value 20481492370 | Price to Sales(TTM) 3.2 |
Enterprise Value 20481492370 | Price to Sales(TTM) 3.2 | ||
Enterprise Value to Revenue 3.2 | Enterprise Value to EBITDA 16.28 | Shares Outstanding 408973992 | Shares Floating 406994558 |
Shares Outstanding 408973992 | Shares Floating 406994558 | ||
Percent Insiders 0.38 | Percent Institutions 110.7 |
Upturn AI SWOT
ON Semiconductor Corporation

Company Overview
History and Background
ON Semiconductor Corporation (ON) was founded in 1999 as a spin-off from Motorola Semiconductor Components Group. It has grown through strategic acquisitions and organic growth to become a leading supplier of semiconductor solutions.
Core Business Areas
- Power Solutions Group (PSG): Offers a comprehensive portfolio of power management and signal conditioning products, addressing energy efficiency and power density requirements.
- Advanced Solutions Group (ASG): Focuses on analog, mixed-signal, and logic solutions for automotive, industrial, and communications applications.
- Intelligent Sensing Group (ISG): Develops sensing technologies, including image sensors, radar, and LiDAR, for autonomous vehicles, industrial automation, and medical imaging.
Leadership and Structure
Hassane El-Khoury is the President and CEO. The company has a typical corporate structure with a Board of Directors and executive leadership team overseeing the various business groups.
Top Products and Market Share
Key Offerings
- Power MOSFETs: Power MOSFETs are used for switching and amplification. Market share is competitive, with Infineon, STMicroelectronics, and Vishay being key competitors. Revenue is a significant portion of the PSG segment.
- Image Sensors: Image sensors are vital for automotive ADAS, industrial automation, and surveillance applications. Competitors include Sony, OmniVision, and Samsung. The market share for Automotive is estimated at 45% of the total automotive image sensing market.
- Silicon Carbide (SiC) Solutions: SiC solutions include SiC diodes and MOSFETs for high-power applications like electric vehicles and energy infrastructure. Competitors include Wolfspeed, STMicroelectronics, and Rohm. ON is striving for significant market share growth in this area.
Market Dynamics
Industry Overview
The semiconductor industry is cyclical and influenced by global economic conditions, technological advancements, and geopolitical factors. Demand is driven by trends like electric vehicles, industrial automation, and 5G.
Positioning
ON Semiconductor is a leading supplier of power and sensing solutions, focusing on high-growth markets like automotive and industrial. Its competitive advantage lies in its broad product portfolio and application expertise.
Total Addressable Market (TAM)
The total semiconductor market is projected to reach over $800 billion by 2030. ON is focusing on specific segments within this TAM, aiming for a significant share in power management, automotive semiconductors, and industrial automation.
Upturn SWOT Analysis
Strengths
- Broad product portfolio
- Strong presence in automotive and industrial markets
- Focus on high-growth areas like SiC and image sensors
- Experienced management team
- Global manufacturing footprint
Weaknesses
- Exposure to cyclical semiconductor industry
- High debt levels
- Dependence on key customers
- Competition from larger, more diversified companies
Opportunities
- Growing demand for electric vehicles and advanced driver-assistance systems (ADAS)
- Increasing adoption of industrial automation
- Expansion of 5G infrastructure
- Growth in renewable energy and energy storage
Threats
- Global economic slowdown
- Geopolitical risks and trade tensions
- Technological obsolescence
- Intense competition and pricing pressure
- Supply chain disruptions
Competitors and Market Share
Key Competitors
- TXN
- STM
- INF
- ADI
Competitive Landscape
ON competes effectively with larger, more diversified companies by focusing on niche markets and providing specialized solutions. Its strength lies in its application-specific expertise and customer relationships.
Major Acquisitions
Fairchild Semiconductor
- Year: 2016
- Acquisition Price (USD millions): 2400
- Strategic Rationale: Expanded ON's power semiconductor portfolio and strengthened its position in the industrial and automotive markets.
Growth Trajectory and Initiatives
Historical Growth: ON has experienced growth through acquisitions and organic investments, particularly in automotive and industrial markets.
Future Projections: Analysts project continued growth for ON, driven by the demand for its products in electric vehicles, industrial automation, and 5G infrastructure.
Recent Initiatives: Recent initiatives include expanding SiC manufacturing capacity, investing in R&D for advanced sensors, and pursuing strategic acquisitions.
Summary
ON Semiconductor is a strong player in the power and sensing solutions market, particularly in automotive and industrial segments. Its focus on high-growth areas like SiC and image sensors positions it well for future expansion. Debt levels and competition remain concerns, but strategic acquisitions and investments are driving growth. ON is well positioned to benefit from the growing demand for semiconductors.
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Sources and Disclaimers
Data Sources:
- Company filings (SEC)
- Analyst reports (e.g., Reuters, Bloomberg, Yahoo Finance)
- Industry publications (e.g., Semiconductor Digest)
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market data and analyst estimates are subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About ON Semiconductor Corporation
Exchange NASDAQ | Headquaters Scottsdale, AZ, United States | ||
IPO Launch date 2000-04-28 | President, CEO & Director Mr. Hassane S. El-Khoury | ||
Sector Technology | Industry Semiconductors | Full time employees 26400 | Website https://www.onsemi.com |
Full time employees 26400 | Website https://www.onsemi.com | ||
ON Semiconductor Corporation provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally. The company operates through three segments Power Solutions Group, Analog and Mixed-Signal Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module and integrated semiconductor products that perform multiple application functions, including power switching, signal conditioning, and circuit protection. The Analog and Mixed-Signal Group segment designs and develops analogues, mixed-signal, power management ICs, sensor interface devices, power conversion, signal chain, and voltage regulation devices for end-users in the automotive, industrial, computing and mobile end-markets. The Intelligent Sensing Group segment designs and develops complementary metal oxide semiconductor image sensors, image signal processors, single photon detectors, including silicon photomultipliers, single photon avalanche diode arrays, and short-wavelength infrared products, as well as actuator drivers for autofocus and image stabilization for a broad base of end-users in the different end-markets. ON Semiconductor Corporation was incorporated in 1992 and is headquartered in Scottsdale, Arizona.

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