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Added to YB: 2026-07-23

Pitch date: 2026-07-21

ON [neutral]

ON Semiconductor Corporation

+2.7%

current return

Author Info

Equity research team focused on tech stocks (with special interest in cybersecurity and cloud). Sign up for their newsletter.

Company Info

ON Semiconductor Corporation provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally.

Market Cap

$35.4B

Pitch Price

$89.90

Price Target

N/A

Dividend

N/A

EV/EBITDA

16.84

P/E

64.43

EV/Sales

5.99

Sector

Semiconductors and Semiconductor Equipment

Category

N/A

Show full summary:
Power Semiconductor 'Unpredictable Basket': onsemi (ON)

ON (pass): Power semi in 'unpredictable basket' for 800V DC/AI datacenter transition. Speculative vertical GaN bet (>1kV) to challenge SiC, but zero product—only slides, no revenue after 2 quarters. ~$6B rev co, majority auto/EV levered, pressured by Chinese EV competition. Too early, too cyclical. Sidelined.

Read full article (1 min)