ON Stock Price Today (October 2026) — ON Semiconductor Corporation Analysis & Key Metrics 2026-10-21
ON Semiconductor Corporation (ON) is trading at $75.62, up 3.42% today (as of October 2026). The stock continues to show early recovery signs above the short-term average, attracting attention from investors looking for Technology growth opportunities.
- According to consensus analyst estimates, the 1-year price target is $104.67 (38.4% upside).
- Volatility is high (40.26% annualized), implying wide price swings for short-term traders.
- The fundamental picture, based on the latest financial filings, is nuanced: solid revenue growth (9.20% YoY) alongside competitive pressures in the Semiconductors space.
ON Stock Analysis: Key Metrics & Valuation (October 2026)
Concise, actionable data for investors
ON Semiconductor Corporation - Historical Price & Volume
- Price
- Volume
- Latest price
Market Cap
Enterprise Value: $30.28B
P/E Ratio
Forward P/E: 16.36
Revenue Growth
Year over Year
Analyst Target
+38.4% upside potential
Key Investor Questions About ON
What investors need to know before buying
Based on current market data, ON presents a neutral technical setup with looking solid fundamentals.
- Technicals say: Neutral (RSI 52.36)
- Fundamentals say: Looking solid (debt and growth supportive)
ON's growth trajectory depends on its ability to expand within the Semiconductors sector while managing margin pressures.
- Future growth will depend on performance in core Semiconductors operations.
- The ability to manage competitive pressures will be crucial for sustained growth.
The primary risks for ON investors include debt exposure and competitive dynamics in the Semiconductors industry.
- $4.71B in debt could be a headwind in a high-rate environment.
- Fierce competition from established players in Semiconductors.
52-Week Trading Range
Over the past year, ON stock traded between $44.56 and $134.92 and currently trades in the middle of that range. Big swings are likely unless a major catalyst emerges.
Volatility & Risk Profile
With 40.26% annualized volatility and β=2.38, the stock exhibits high sensitivity to market moves—making ON suitable for investors comfortable with active risk management.
Institutional & Insider Ownership
Lower institutional support combined with high short selling points to negative sentiment.
Analyst Sentiment & Price Targets
Latest News & Headlines
Recent headlines, coverage and TickZen analysis
Market news
3 S&P 500 Stocks That Concern Us
TD Cowen Adjusts Price Target on ON Semiconductor to $75 From $95
onsemi to Announce Third Quarter Financial Results
Latest TickZen Insights
All insights →No TickZen article on ON yet. Our newest analysis:
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Earnings snapshot
Next report Nov 2, 2026 (before the open)
Frequently Asked Questions
Common investor questions about ON Semiconductor Corporation
ON Semiconductor Corporation (ON) is currently trading at $75.62. The RSI (14-day) is at 52.4, indicating neutral territory. Wall Street analysts have a consensus "buy" recommendation. The mean analyst price target of $104.67 implies 38.4% upside from current levels. Volatility is high at 40.3% annualized, meaning significant price swings are common. Investors should consider their risk tolerance, investment horizon, and portfolio diversification before making a decision.
Based on current valuation metrics for ON Semiconductor Corporation (ON): The trailing P/E ratio is 46.83, which is above the market average, indicating investors are pricing in higher growth expectations. The forward P/E is 16.36, lower than the trailing P/E, suggesting analysts expect earnings improvement. The PEG ratio is 0.23, below 1.0, which generally indicates the stock is undervalued relative to its growth rate. Price-to-Book is 3.86. Price-to-Sales is 4.50. Valuation should be compared to Semiconductors industry peers for context, as different sectors trade at different multiples.
Based on 27 analysts covering ON, the consensus price target is $104.67. This represents a 38.4% upside from the current price of $75.62. The range spans from a low target of $75.00 to a high target of $150.00, reflecting varying levels of optimism among analysts. The consensus recommendation is "buy". Note: Analyst price targets are forward-looking estimates and not guarantees of future performance.
ON Semiconductor Corporation (ON) does not currently pay a regular dividend. The company may be reinvesting profits into growth initiatives, or may not yet be profitable enough to distribute earnings to shareholders.
Key risks for ON Semiconductor Corporation (ON) investors include: 1. High volatility (40.3% annualized)—the stock can experience significant daily price swings. 2. Elevated short interest (10.6% of float) suggests significant bearish sentiment. 3. Broader market and macroeconomic risks (interest rates, inflation, geopolitical events). 4. Semiconductors sector-specific competitive pressures. Investors should diversify and consider their risk tolerance before investing.
Here is ON Semiconductor Corporation's (ON) current debt and financial health profile: Total debt stands at $4.71B. The debt-to-equity ratio is 0.65x, which is moderate and generally manageable for most companies. The current ratio is 3.46, indicating strong short-term liquidity. The quick ratio is 2.29. The company holds $3.86B in cash and equivalents. Free cash flow is positive at $1.66B, providing a cushion for debt servicing and shareholder returns.