ON
ON Semiconductor Corporation
NASDAQ: ON · TECHNOLOGY · SEMICONDUCTORS
$86.81
-3.68% today
Updated 2026-07-24
Market cap
$34.00B
P/E ratio
64.24
P/S ratio
5.61x
EPS (TTM)
$1.36
Dividend yield
—
52W range
$45 – $135
Volume
12.4M
WallStSmart proprietary scores
49
out of 100
Grade: C
Sell
Investment rating
2.7
Growth
F7.5
Quality
B+6.0
Profitability
B5.7
Valuation
C+3/9
Piotroski F-Score
Weak
2.8
Altman Z-Score
Grey zone
—
Industry rank
—
View all highly rated stocks (75+) →205 stocks currently score above 75
Price targets
Analyst target
$89.19
+2.74%
12-Month target
$1.97
-97.73%
Intrinsic (DCF)
—
Margin of safety
—
1 Strong Buy10 Buy18 Hold0 Sell0 Strong Sell
Price chart
Stock snapshot
Strengths
+ Free cash flow $217.20M — positive
+ Debt/equity 0.41x — low leverage
Risks
- Piotroski 3/9 — weak financial health
- P/E 64.24x — expensive valuation
Key financials
Revenue Net Income Free Cash Flow
| Metric | 2022 | 2023 | 2024 | 2025 | TTM | 2026 (E) |
|---|---|---|---|---|---|---|
| Revenue | $8.33B | $8.25B | $7.08B | $6.00B | $6.06B | $6.6B |
| Net income | $1.90B | $2.18B | $1.57B | $121.00M | $-33.40M | — |
| EPS | — | — | — | — | $1.36 | $3.17 |
| Free cash flow | $1.60B | $438.40M | $1.21B | $1.42B | $217.20M | — |
| Profit margin | 22.85% | 26.46% | 22.21% | 2.02% | 9.46% | — |
Recent insider activity
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-07-02 | MASCARENAS, PAUL ANTHONY | Buy | 116 | $91.22 |
| 2026-05-26 | GOPALSWAMY, SUDHIR | Sale | 470 | $127.00 |
| 2026-05-14 | YAN, CHRISTINE Y | Buy | 1,986 | — |
Peer comparison
Smart narrative
ON Semiconductor Corporation trades at $86.81. representing a P/E of 64.24x trailing earnings. Our Smart Value Score of 49/100 indicates the stock is fair. The company scores 3/9 on the Piotroski F-Score. With an Altman Z-Score of 2.84, it sits in the grey zone. TTM revenue stands at $6.06B. with profit margins at 9.46%.
Frequently asked questions
What is ON Semiconductor Corporation's stock price?
ON Semiconductor Corporation (ON) trades at $86.81, on a P/E of 64.2x and a P/S of 5.6x. Those multiples show what the market is paying for each dollar of earnings and sales, which is the real starting point for judging whether the price is reasonable.
Is ON Semiconductor Corporation overvalued?
ON Semiconductor Corporation carries a Smart Value Score of 49/100 (Grade C), which we rate Sell. That score blends growth, quality, and valuation into one read.
What is the price target of ON Semiconductor Corporation (ON)?
The 12-month analyst consensus target is $89.19, about 2.7% above the current $86.81. A consensus target is the average of Wall Street's 12-month forecasts, so it works as a sentiment gauge rather than a guarantee, and it resets with every earnings cycle.
What is the future stock price of ON by 2030?
Our research-backed model puts the 2030 base case at $157.99, built from revenue projections, a growth-adjusted P/S multiple, net debt, and share dilution. It is a scenario rather than a prediction, and the bull and bear cases around it matter more than the single number when you are sizing a position.
What is ON Semiconductor Corporation's revenue?
ON Semiconductor Corporation's trailing twelve-month revenue is $6.06B, and our model projects it reaching about $14.76B by 2030. Revenue scale anchors the valuation multiples and shows whether growth is reaching the top line, so it is best read alongside margin and growth trends to see if that revenue is getting more profitable over time.
Altman Z-Score?
ON Semiconductor Corporation's Altman Z-Score is 2.84, which places it in the grey zone. The Altman Z-Score gauges bankruptcy risk from profitability, leverage, and asset efficiency, and a higher reading points to lower financial distress risk.
Company info
SectorTECHNOLOGY
IndustrySEMICONDUCTORS
CountryUSA
ExchangeNASDAQ
CurrencyUSD
Quick metrics
P/S ratio5.61x
ROE7.86%
Beta2.01
50D MA$109.52
200D MA$73.14
Shares out0.39B
Float0.39B
Short ratio—
Avg volume12.4M
Performance
1 week-0.64%
1 month-4.24%
3 months-11.78%
YTD+60.31%
1 year+52.51%
3 years—
5 years—