ON · NASDAQ · STOCK
ON Semiconductor (ON) Stock Analysis
$77.52
52W $44.56 – $134.92
55/100
$30.18B
49.1
2.05
Is ON Bullish or Bearish?
Mixed.
Innellis AI committee rates ON Semiconductor (ON) Watch with a composite score of 55/100
, based on 6 analysts with 50% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +5.33 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -14.67 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Macro Analyst sees a compelling case. Portfolio Manager remains cautious — sector concentration is already high (hhi 2796.97). This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- EPS growing 44.7% YoY — Growth
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
- MACD histogram positive -- bullish momentum — Technical
Bear Case
- P/E of 47.5 is expensive by classic value standards — Value
- Revenue declining -3.1% YoY -- this is not a growth story right now — Growth
- Bollinger bandwidth of 29.6% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
55/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 77%
of 287 Technology peers
Value Analyst
neutral
48
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
− P/E of 47.5 is expensive by classic value standards
Growth Analyst
bullish
62
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ EPS growing 44.7% YoY
− Revenue declining -3.1% YoY -- this is not a growth story right now
Technical Analyst
neutral
58
/ 100 · High confidence
Mixed or range-bound price action
+ MACD histogram positive -- bullish momentum
Risk Analyst
bearish
35
/ 100 · Low confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− Bollinger bandwidth of 29.6% signals elevated volatility
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
neutral
60
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 54.7 to 54.7.
- New bearish signals: 1 appeared.
- Bearish pressure eased: 1 signal(s) disappeared.
Analyst-level changes:
- Value Analyst: +1 bearish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
44.9
Neutral
MACD Histogram
0.637
Bullish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Lh Ll
Support
$66.40
Resistance
$78.59
Bollinger %B
0.56
Inside Bands
Price vs Moving Averages
EMA 9
$80.08
Below
EMA 21
$78.02
Below
EMA 50
$79.32
Below
EMA 200
$79.36
Below
Fundamental Analysis
Valuation
51
Growth
81
Profitability
28
Financial Health
97
Cash Flow
70
Valuation
P/E Ratio
49.1×
P/B Ratio
4.19×
PEG Ratio
1.09
Dividend Yield
0.00%
52W High
$134.92
52W Low
$44.56
Quality & Growth
ROE
157.7%
ROA
96.6%
Gross Margin
3744.7%
Operating Margin
1165.9%
Revenue Growth YoY
—
Debt / Equity
0.62
AI Fundamental Assessment
P/E ratio of 49.1 (rich relative to a 15-40x range); Price-to-book of 4.2x; PEG ratio of 1.1 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 1.6%; Return on assets of 1.0%; Net margin of 10.2%; Gross margin of 37.4%; Current ratio of 3.46 (healthy short-term liquidity); Debt-to-equity of 0.62; Free cash flow per share is positive (4.54); Most recent quarter beat estimates by 0.5%; 2 consecutive earnings beats; EPS growth accelerating (+0.0% -> +15.6% QoQ); Average YoY EPS growth of 39.6%; Analyst estimates rising over recent quarters
Get the Full ON Analysis
Interactive charts · Live committee votes · Trade plan · Paper trading · AI Q&A
Open in Terminal →