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ONON

ON Semiconductor Corporation

$ON·$37B·Semiconductors·Technology
$90.37-5.8%YTD+63.6%1Y+53.0%
Mentions · last 7 days
2026-07-04: 20 posts2026-07-05: 55 posts2026-07-06: 129 posts2026-07-07: 156 posts2026-07-08: 243 posts2026-07-09: 358 posts2026-07-10: 281 posts1,245
Price updated 10h ago·X counts updated 3d ago
ONON
$ONON Semiconductor Corporation
$90.37-5.83%1.2k posts
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Top X posts

Today's AI verdict on what's driving $ON, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Hinges on a big eventEvent coming upAI verdict · as of 2026-07-14

A known event soon (earnings, a ruling, etc.) will likely decide the next move.

onsemi's $7B Synaptics deal cut the stock 30% since June — Aug 3 earnings is where the accretion story either holds or breaks.

onsemi is the analog / power-semiconductor company that just announced a $7B all-stock acquisition of Synaptics on June 25, and the stock sold off ~30% since as investors questioned the merger math. Q2 earnings on Aug 3 is the first management commentary on the deal since the deal-day repricing.

  • The all-stock Synaptics ratio (1.35 ONsemi shares per SYNA share) means the multiple compression is what the market is repricing — the deal issues new shares into an already-stretched multiple, so the accretion math depends on hitting Synaptics' revenue synergies faster than the dilution shows up.
  • The base business is holding but not accelerating: Q1 revenue grew just 4.7% YoY to $1.51B at a -3.5% operating margin (restructuring drag), and consensus FY26 EPS of $3.08 leaves 80x TTM earnings looking rich unless the AI-power design wins (NVIDIA MGX, TPUs, Trainium, Maia, MI-series) actually convert.
  • The Fab Right divestitures (Tarlac and Mountain Top) are real cost discipline — ~$35M annual savings starting 2027 — but the near-term insider tape and the July 9 Pomerantz Law investigation are governance overhangs the market is factoring into the sell-off.

Aug 3 print is the checkpoint — a Q2 beat plus Synaptics revenue synergy detail and confirmed AI-power design-win revenue color is what closes the 30% discount; a miss or vague deal-integration commentary lets the pending shareholder-lawsuit narrative dominate. The 55% share on new Beijing Auto Show EVs is real thematic tailwind that needs to show up in the guide.

Agrees with X sentimentAgree with the AI-power / EV design-win thesis on the fundamentals — the design-win list (NVIDIA MGX, TPUs, Trainium, Maia, MI-series, Beijing EVs) is genuinely strong. Where I add tension the crowd is skipping: the $7B Synaptics all-stock deal is the specific reason for the -30% and needs specific accretion detail on Aug 3, not just thematic tailwinds.

What to watch: Aug 3 earnings — need Synaptics accretion detail (revenue synergies, integration timeline) plus a Q3 guide reflecting the AI-power design wins. A vague deal update or a Q2 miss lets the Pomerantz lawsuit narrative pressure the stock lower.

On the calendar: 2026-08-03 — Q2 earnings

X sentiment

What the X crowd is saying right now — descriptive, summarised from the day’s posts.

Bullish sentiment9 posts analyzed · as of 2026-07-13

onsemi is divesting Tarlac (Philippines) and Mountain Top (Pennsylvania) facilities as part of its Fab Right strategy for roughly $35M in annual savings starting 2027. Posts describe design wins across NVIDIA MGX, GOOGL TPUs, AMZN Trainium, MSFT Maia, AMD MI-series, and 55% share on new Beijing Auto Show EVs, with the stock down 30% on a $7B Synaptics acquisition creating mispricing at $90.

Read the AI verdict + X sentiment for $ON

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • X crowd read with bullish/bearish call + post volume
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What it does

Plain-English summary of the business — what they sell and how they make money.

Designs power semiconductors and intelligent sensors for EV electrification, EV charging, solar energy, and industrial automation.

Industry overviewAI analysisGenerated by AI from underlying data

Where Semiconductors sits in its cycle right now — and what that implies for $ON.

Semiconductors · Technology

No material change from last week — structural AI capex engine unchanged: hyperscaler Blackwell allocation stays tight through 2H26 and HBM3e pricing holds as LLM context-window expansion drives 5-8x per-server memory demand uplift.

What this means for $ON

Direct beneficiary — Designs power semiconductors and intelligent sensors for EV electrification, EV charging, solar energy, and industrial automation; the business model is a direct conduit for the AI capex and HBM/compute demand cycle.

Top industry ETF

$SMHVanEck Semiconductor ETF
+58.7%YTD
+105.3%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
80.6How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
5.4%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
10.8%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
3.2%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
7.6Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
7.4%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
37.2%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.4Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q1 2026May 4, 2026$0.64$0.61+4.4%
Q4 2025Feb 9, 2026$0.64$0.62+2.6%
Q3 2025Nov 3, 2025$0.63$0.59+6.8%
Q2 2025Aug 4, 2025$0.53$0.53-0.4%
Next earningsMon, Aug 3·consensus EPS $0.71

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q1 FY26$1.5B+4.7%38.5%-3.5%$-0.08$218.2M
Q4 FY25$1.5B-11.2%34.9%16.5%$0.45$485.4M
Q3 FY25$1.6B-12.0%37.9%17.0%$0.63$644.5M
Q2 FY25$1.5B-15.4%37.6%13.2%$0.41$106.1M

Forward consensus

3-year forecast · up to 22 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$6.5B$6.4B – $6.5B$3.08$2.99 – $3.2222
FY27$7.2B$7.0B – $7.5B$4.28$3.56 – $5.3121
FY28$8.2B$8.1B – $8.2B$5.79$4.64 – $6.5212

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.0.7×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.51%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.-18.2%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.+24.9%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatHigh float · 390.2M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today2.4% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β2.015-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellApr 24Trent ThadCFO30.0K sh$3.0MSellApr 23Trent ThadCFO30.0K sh$2.8MSellApr 16Trent ThadCFO30.0K sh$2.4MSellMar 13Sudhir GopalswamyPresident6.1K sh$359KSellFeb 17Simon KeetonPresident48.9K sh$3.5MSellFeb 12Trent ThadCFO60.0K sh$4.3MSellFeb 12Hassane El-khouryCEO20.0K sh$1.5M
+ 33 other (16 awards · 16 inkinds · 1 gift) in window

See when $ON insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
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SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

8-KMaterial agreementJun 258-K — Item 1.01: Material agreement · Item 8.01: Other event
AI summary

ON Semiconductor (onsemi) signed an Agreement and Plan of Reorganization on June 25, 2026 to acquire Synaptics Incorporated in an all-stock deal. Each Synaptics share will be converted into 1.350 onsemi shares; no cash consideration — onsemi will issue new stock to Synaptics shareholders. Onsemi's Board unanimously approved both the merger agreement and the related share issuance. The deal marks a major semiconductor consolidation, with Synaptics surviving as a wholly owned onsemi subsidiary pending regulatory and shareholder approvals.

3New insider — initial holdingsMay 223
AI summary

Achyut Shah, Group President of the Power Solutions Group at ON Semiconductor Corp (ON), filed an initial Form 3 on May 15, 2026, disclosing direct beneficial ownership of 15,207 shares of common stock. This is a routine initial insider ownership statement required within 10 days of becoming a Section 16 reporting person, and does not represent a new purchase transaction.

8-KOfficer or director changeMay 188-K — Item 5.02: Officer or director change · Item 5.07: Shareholder vote
AI summary

ON Semiconductor Corporation (onsemi) held its 2026 Annual Meeting of Stockholders on May 14, 2026 (proposals and vote counts not visible in excerpt) and separately disclosed (Item 5.02) that former Group President Simon Keeton's final employment date has been extended by mutual agreement from June 30, 2026 to September 30, 2026, to support an orderly transition to his successor in the Power Solutions Group. The three-month extension is an operational continuity measure. Routine annual meeting and minor personnel update with no material transactions.

8-KMaterial agreementMay 128-K — Item 1.01: Material agreement · Item 2.03: Material debt obligation · Item 3.02: Unregistered equity sale · Item 8.01: Other event
AI summary

ON entered into a indenture (8-K Item 1.01, dated 2026-05-12). Size: approximately $1.5 billion. Due 2031. Material definitive agreement — investors should review the full exhibit for covenants, conditions, and use of proceeds.

8-KOfficer or director changeMar 118-K — Item 5.02: Officer or director change
+ 25 other (11 425s · 4 13Gs · 2 routine 8-Ks · 2 earnings 8-Ks) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

5 Power Chip Stocks Built for the Electrification Surge247wallst.com·2d ago5 Analog Chip Stocks Set to Rebound as the Cycle Changes247wallst.com·2d agoINVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of ON Semiconductor Corporation - ONprnewswire.com·5d agoOnsemi's Synaptics acquisition could unlock long-term synergies, says Bank of Americaproactiveinvestors.com·5d agoOnsemi’s Synaptics acquisition could unlock long-term synergies, says Bank of Americaproactiveinvestors.com·5d ago

In themes

Explore the broader themes this ticker is being talked about under.

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Voices on X · top 5 · last 7 days

TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

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