ON
ON SemiconductorCNasdaq / Semiconductors & Semiconductor Equipment
Last Price
At close
2026-07-20
Current thesis
The supported bull case is still a monitoring-style recovery thesis: Q1 beat the midpoint of guidance, non-GAAP operating margin stayed at 19.1%, AI data center revenue accelerated sequentially, and management is pointing to better underlying demand in automotive, industrial, and AI infrastructure [#PR-2026-05-04].
Posture
Mixed
Lead driver
Value
What changed
Value remains the lead driver in the composite, 7D delta -0.2.
What can break
Inventory rose to $2.049 billion from $1.990 billion at December 31, 2025 while cash fell to $2.004 billion from $2.148 billion, leaving less room for a demand wobble if auto or industrial recovery stalls [#PR-2026-05-04] [#10-Q-2026-05-04].
Momentum
24
Value
62
Sentiment
55
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $105.00 · Bull $128.00 · Bear $82.00
Data freshness
Prices
As of 2026-07-20
Fundamentals
As of 2026-07-17 • Vendor: Data Vendor v1
Scores
As of 2026-07-20 • Model: HYBRID_IC_RP
AI Memo
As of 2026-05-16 • Model: RankAlpha Sentiment Codex
Investment thesisAs of 2026-07-20
Investment thesis
As of 2026-07-20
Supporting evidence
What
Grade C · Mixed
Confidence Medium · Net Neutral
Target $115.30
Why
Momentum24 · Δ7d +0.5
Value62 · Δ7d -0.2
Sentiment55 · Δ7d +6.3
So what
Balanced signals (Net Neutral). Wait for confirmation before sizing up.
Lead driver: Value · See fundamentals
Momentum
24
26% active weight
Current posture
7d trendImproving
Δ7d
+0.5
Δ21d
-66.2
Value
62
39% active weight
Current posture
7d trendFlat
Δ7d
-0.2
Δ21d
-0.3
Sentiment
55
34% active weight
Current posture
7d trendImproving
Δ7d
+6.3
Δ21d
+2.3
Why this grade
Composite grade C. Momentum 24.3 / Value 61.5 / Sentiment 55.0
Fundamentals (TTM)As of 2026-07-17
Fundamentals (TTM)
As of 2026-07-17
Market Cap
$34B
Beta
1.56
Shares Out
389.19M
P/E (TTM)
76.6
P/S (TTM)
3.82
P/FCF (TTM)
17.26
Rev YoY
+4.7%
EPS YoY
-92.7%
Gross Margin
+36.7%
Op Margin
+4.7%
Net Debt
$704.2M
Current Ratio
4.87
As of 2026-07-20 • Updated nightlySource: Internal modelMethodology