ON Semiconductor stock trades off recent high as analysts see upside
Published on 08/19/2026 at 22:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
ON Semiconductor (US6821891035) stock is changing hands in the upper $70 range in August 2026 after a pullback from recent levels above $79, while the consensus twelve-month price target sits well into the $90s, implying double-digit upside from today’s quote. Per a recent market overview on August 19, 2026, the shares were indicated at $77.16 during regular trading hours, compared with a prior close of $79.42 on August 18, 2026, highlighting short-term volatility after a strong year-to-date run. One stock analysis overview notes that ON Semiconductor is listed on Nasdaq under the symbol ON with a fiscal year ending December 31, 2026.
Shares consolidate after strong advance
Recent trading data compiled on August 19, 2026 show ON Semiconductor shares at $76.58 at the close of the prior regular session, with an after-hours indication at $77.09, underscoring that the current quote sits below the $79.42 level reported on August 18, 2026 but still reflects a substantial gain versus earlier in the year. The same overview points out that since a prior reference point the stock has increased 41.4 percent to reach $76.58, illustrating how the current consolidation comes after a significant advance. For investors, the key question is whether that move is backed by fundamentals and forward expectations.
Intraday quote data on August 19, 2026 show ON Semiconductor at $78.49 at 10:54 a.m. Eastern time, down 1.17 percent on the day, which fits with the broader picture of a stock fluctuating modestly below its recent high but still elevated versus its early-2026 levels. An interactive chart view confirms that trade was taking place on the Nasdaq Global Select Market in US dollars, with the quote moving within a typical intraday range. These figures provide an up-to-date market signal as of August 19, 2026 without requiring any assumption about the final closing print.
Analysts price in further upside
Alongside the current share price, the analyst consensus continues to indicate room for further gains. A consensus forecast summary dated August 19, 2026 reports that based on research from 30 equity analysts, the average twelve-month price target for ON Semiconductor stands at $97.04. With the same source referencing a current price level of $77.16, that average target implies an upside of 25.76 percent from the cited spot price, while the most optimistic analyst sees the stock at $150.00 and the most cautious at $40.00 over the next year. The dispersion of targets suggests that views on cyclicality and end-market demand still differ markedly across the analyst community.
The sentiment snapshot pairs with target price information from a European trading venue, where ON Semiconductor shares were quoted at 68.36 EUR in pre-market indication on August 19, 2026, showing a five-day change of minus 1.84 percent and a year-to-date change of minus 0.78 percent in that listing. A consensus and quote overview also highlights an average target price of 107.68 USD, which stands well above both the $76.58 regular close and the $79.42 recent level referenced for mid-August 2026. Taken together, the US and European data indicate that while the stock has already performed strongly, many analysts still model upside over the coming twelve months.
Valuation-focused metrics point in the same direction, though from a different perspective. On August 18, 2026, ON Semiconductor shares were reported at $79.42, while a fair-value framework labeled GF Value was set at $61.28 for the same date, indicating that the observed price was 29.6 percent higher than the model-derived value. An in-depth valuation analysis states that this gap leaves the stock looking overvalued by 29.6 percent against that particular yardstick, even as other metrics such as a GF Score of 85 still categorize the company as fundamentally attractive. For investors, the tension between target prices that point higher and valuation screens that flag potential overpricing is a central consideration.
Fundamentals and guidance context
While the most recent quarter’s detailed figures are not restated in these mid-August 2026 summaries, the available data emphasize that ON Semiconductor operates on a December 31 fiscal year and has already reported results for the latest quarter ending in 2026. The company calendar and profile indicate that the last earnings event occurred on August 3, 2026, which implies that investors now trade the shares with fresh quarterly data in hand. That same calendar lists an estimated next earnings date of November 2, 2026, suggesting that the current quote reflects expectations for the remainder of the year and the company’s ability to meet or beat its guidance over the coming quarters.
Looking at the trading venue data, ON Semiconductor’s shares are listed on Nasdaq in New York, with a separate presence on European venues such as Cboe and Tradegate under converted euro prices. A Tradegate snapshot on August 19, 2026 shows the stock at 68.30 EUR with a five-day change of minus 0.50 percent and a year-to-date change of minus 2.32 percent in that line, contrasting with the year-to-date gain of 4.40 percent and total performance of 53.92 percent mentioned for the US dollar listing at a last close of $79.47 on August 18, 2026. A broker-research dashboard aggregates those changes and highlights that currency and venue differences can lead to slightly different performance impressions for the same underlying equity.
Operationally, ON Semiconductor remains classified in the semiconductors and semiconductor equipment sector, with a stated headcount of 22,670 employees and a web presence under onsemi.com, according to its company profile as of August 19, 2026. The same profile underscores that the company’s fiscal year ends on December 31, 2026, which lines the reporting schedule up with many other US technology names. This positioning in a cyclical but high-demand industry helps explain both the strong year-to-date performance and the continued debate over valuation and growth durability into 2027.
Key automotive and industrial products
ON Semiconductor’s strategy centers on supplying power and sensing solutions to automotive, industrial, and cloud customers, with a particular focus on power management for electric vehicles, advanced driver-assistance systems, and energy infrastructure. According to the company’s public materials, major product categories include power MOSFETs, silicon carbide devices, image sensors, and analog mixed-signal integrated circuits, all aimed at enabling higher efficiency and reliability in demanding applications. This portfolio positions ON Semiconductor to benefit from long-term trends such as vehicle electrification, factory automation, and data-center expansion, even if shorter-term demand in some end-markets fluctuates.
ON Semiconductor stock and investor takeaway
ON Semiconductor stock trades on Nasdaq under the ticker ON, with recent quotes in the upper $70s as of August 19, 2026 and intraday data showing $78.49 at 10:54 a.m. Eastern time in US-dollar terms. The shares sit below the $79.42 level cited for August 18, 2026 yet remain well above earlier reference points for the year, while consensus targets in the $90 to $100 range and an average forecast of $97.04 underscore that many analysts still see scope for further gains despite valuation gauges that flag the stock as more than 25 percent above certain model-derived fair values.
Fact box
Company: ON Semiconductor Corp.
ISIN: US6821891035
Ticker: ON
Exchange: Nasdaq
Sector / Industry: Technology / Semiconductors and Semiconductor Equipment
