ON Semiconductor CorporationNasdaq: ON
Information Technology · Semiconductors
$102.97
+2.14%
Vol: 7.7M
Research Digest
Friday, May 1, 2026
ON Semiconductor surged 51% in April after B. Riley upgrade to Buy and NIO/Geely expanded partnerships for EliteSiC EV platforms, with Q1 earnings due May 4.
ON Semiconductor rallied 51% in April driven by B. Riley analyst upgrade to Buy with $115 price target (from Neutral, $64). NIO and Geely announced expanded collaborations integrating ONs EliteSiC silicon carbide power technologies into next-generation 900V EV platforms on April 27-28. Stock closed at $100.81, up 1.97%, and gained 58.94% in past month. Q1 earnings reported May 4 with expectations of $1.49 billion revenue and $0.61 EPS.
Previous Market Intelligence
13 daysApr 30ON Semiconductor stock surges 51% in April on analyst upgrade and NIO/Geely EliteSiC EV partnership announcementsPositive▶
ON Semiconductor stock climbed 51% in April, trading near $99, as B. Riley analyst Craig Ellis upgraded the stock to Buy from Neutral and raised his price target from $64 to $115. On April 27-28, NIO and Geely Auto Group each announced expanded collaborations with onsemi to integrate its EliteSiC silicon carbide power technologies into next-generation 900V electric vehicle platforms. Executive Vice President and CFO Thad Trent sold 60,000 shares on April 23 for $5.79 million. Morgan Stanley adjusted its price target to $85 citing strong analog sector performance and favorable automotive market. ON Semiconductor maintains a consensus Hold rating from 27 analysts with average price target of $56.75.
Apr 29ON Semiconductor deepens China EV ties with 900V platform partnerships; Morgan Stanley raises target to $85 from $64Positive▶
ON Semiconductor is expanding partnerships with Chinese EV makers NIO and Geely Auto Group on next-generation 900V electric vehicle platforms using ON's EliteSiC technology. Stock jumped 5.68% on partnership news, outpacing market decline. Morgan Stanley raised price target to $85 from $64 on April 27. Stock shows strong momentum with 7.4% return last week and 59.9% over past month. Company expects Q1 earnings of $0.62 per share, up 12.73% year-over-year.
Apr 16ON Semiconductor navigates mixed conditions with 1.49% stock gain; BofA upgrades to Buy while NXP downgraded to NeutralPositive▶
ON Semiconductor Corporation reported strong earnings growth expectations with guidance of $0.62 EPS, representing 12.73% year-over-year growth. Bank of America upgraded ON Semiconductor to Buy while downgrading competitor NXP Semiconductors to Neutral, signaling relative strength assessment. The stock moved within a range of $71.09 to $72.55 on April 15 with $72.35 closing price (+1.8% above intraday low). ON Semiconductor operates through three segments: Power Solutions Group, Analog and Mixed-Signal Group, and Intelligent Sensing Group. The company is headquartered in Scottsdale, Arizona.
Apr 15BofA Securities upgrades ON Semiconductor to Buy with $85 price target on AI power pipeline and $6B buyback commitment.Positive▶
BofA Securities upgraded ON Semiconductor from Neutral to Buy and raised the price target to $85 from $70, driven by AI power pipeline and Treo products. BofA sees pro forma EPS potential of $6-7 per share by 2028. Q1 earnings of $0.64 per share beat by $0.02 on revenue of $1.53 billion, down 11.2% YoY. Group President Simon Keeton is resigning effective June 30, 2026.
Apr 14Bank of America upgrades ON Semiconductor to Buy with $85 price target, citing strong quarterly performance and design wins.Positive▶
Bank of America upgraded ON Semiconductor to Buy from Neutral on April 13, with $85 price target. Q4 2025 ON beat EPS expectations with $0.64 and achieved record free cash flow of $1.4 billion. $6 billion in full-year revenue with 38.4% non-GAAP gross margin. Next earnings May 4.
Apr 13ON Semiconductor upgraded to Buy by Wall Street Zen (April 13); Q1 2026 earnings expected $0.62/share (+12.73% YoY).Positive▶
ON Semiconductor received Buy rating upgrade on April 13, 2026. Company navigating mixed conditions with +1.49% stock move recently. Expected Q1 2026 EPS $0.62 (+12.73% YoY). Recent wins: completed acquisition of Vcore Power Technology from Aura Semiconductor; partnered with NVIDIA on 800 VDC Power Solutions for AI data centers; powering Xiaomi YU7 Electric SUV.
Apr 10ON Semiconductor rallies 6.6% on renewable energy module selectionPositive▶
Rallied 6.6% on hybrid power modules selected for renewable energy projects. Sineng Electric will use FS7 IGBT modules.
Apr 9ON Semiconductor Rises on Strong Q1 Performance With Partner ExpansionPositive▶
ON Semiconductor gained 1.49% despite broader market declines, with stock price at $67.23 (up 9.6% from intraday low). The company expects Q1 2026 earnings of $0.62 per share, representing 12.73% year-over-year growth. In March 2026, Sineng Electric selected onsemi's latest FS7 IGBT and EliteSiC hybrid power modules for its 430 kW liquid-cooled energy systems. ON Semiconductor provides intelligent sensing and power solutions across Power Solutions, Analog and Mixed-Signal, and Intelligent Sensing segments.
Apr 8ON Semiconductor stock up 9.6% to $67.23 with Q4 2025 EPS of $0.64 beating estimate.Positive▶
ON reported Q4 EPS $0.64 beat consensus $0.62. Stock at $67.23 up 9.6% above intraday low. 12.73% YoY growth expected.
Apr 7ON Semiconductor Surges on Strong Q4 Performance; Design Win AnnouncedPositive▶
ON reported Q4 EPS of $0.64, beating estimate of $0.62. Revenue miss offset by EPS beat. Stock surged 47% over past 3 months. Announced design win with Sineng Electric for renewable energy platforms. Trading at favorable Forward P/E of 21.32 vs. industry 28.38.
Apr 6ON Semiconductor navigates mixed conditions; EPS beat in February but faces energy system competition.Neutral▶
ON Semiconductor posted EPS beat in February 2026 earnings but faces mixed market conditions. Stock trading $59.40-$62.48 range on April 5, currently $62.01 (+4.4% above intraday low, -0.8% below session peak). Sineng Electric to use onsemi's FS7 IGBT and EliteSiC hybrid modules in 430 kW liquid-cooled energy system: 0.1% higher efficiency, 32% greater power-to-weight, 8% lower losses. Company navigates mixed sentiment despite positive product developments. Bullish sentiment from analysts but macro headwinds present.
Apr 3ON Semiconductor reports EPS beat on AI revenue momentum; leadership transition announced in Power Solutions.Positive▶
ON Semiconductor reported Q4 2025 EPS of $0.64, beating estimates of $0.62, with 12.73% year-over-year EPS growth expected. However, revenue fell 11% to $1.53 billion due to persistent inventory glut. Analysts remain bullish with 25 firms rating it Buy and average price target of $64.46.
Apr 2ON Semiconductor posted EPS beat but revenue miss in February earnings; expands with Financial Analyst Day announcementNeutral▶
ON Semiconductor reported an EPS beat and revenue miss on February 9, 2026, with expected earnings of $0.62 per share, marking 12.73% YoY growth. The company announced a Financial Analyst Day for September 16, 2026 in New York City. Recent stock activity shows 1.49% increase despite broader market declines. The company navigates mixed market conditions while maintaining growth expectations.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| ONON | $102.97 | +2.14% | +58.8% | 24.8x | 1.52 | $39.7B |
| NVDANVIDIA | $198.66 | -0.46% | +12.3% | 17.8x | 2.33 | $4.85T |
| AVGOBROADCOM | $420.41 | +0.71% | +32.8% | 23.0x | 1.25 | $1.98T |
| MUMICRON | $541.19 | +4.65% | +36.9% | 5.1x | 1.61 | $583.2B |
| AMDADVANCED | $360.21 | +1.61% | +61.0% | 32.0x | 1.96 | $578.0B |
| INTCINTEL | $99.64 | +5.46% | +86.1% | 63.8x | 1.35 | $474.9B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.