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ON Semiconductor Corporation (ON)

Technology | Semiconductors | Scottsdale, United States | NasdaqGS
86.91 USD +1.35 (1.578%) ⇧ (April 21, 2026, 4 p.m. EDT)

Short-term:★★★★★Long-term:★★★☆☆Dividends:☆☆☆☆☆
Hot Take | April 19, 2026, 1:11 a.m. EDT

ON Semiconductor is in a high-probability short-term explosion pattern. The options market has shifted entirely from hedging at $55-60 to betting on a breakthrough above $80. With the stock narrowly hitting its 52-week high and the short-term forecasting model indicating a flat or slightly negative *annualized* drift (implying the price has already priced in the probability of the move), the options flow is the alpha signal: speculators are positioning for an immediate squeeze higher. The massive volume mismatch at the money suggests day traders and momentum capital are entering for short-term gains, ignoring the deteriorating fundamentals for now. Buy the break, sell the gamma expansion.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.062937
AutoARIMA0.063114
AutoETS0.063114
AutoTheta0.083419

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 68%
H-stat 1.42
Ljung-Box p 0.000
Jarque-Bera p 0.419
Excess Kurtosis -0.25
Attribute Value
Sector Technology
Debt to Equity Ratio 42.294
Revenue per Share 14.587
Market Cap 34,244,327,424
Trailing P/E 299.69
Forward P/E 21.45
Beta 1.52
Profit Margins 2.02%
Website https://www.onsemi.com

As of April 19, 2026, 1:11 a.m. EDT: A massive short-term bullish 'gamma squeeze' setup. At-the-money (ATM) straddles across all expirations show significant volume spikes recently (2.9k calls and 677+ puts), indicating heavy directional betting near current prices. Open Interest (OI) is heavily concentrated slightly above the money (75-85 strikes), creating a potent gamma zone for accelerated price moves. Deep OTM calls show classic 'lottery ticket' IV spikes, while deep OTM puts flatten, suggesting speculation is now focused on upside momentum rather than downside protection as the stock tests all-time highs.


Info Dump

Attribute Value
52 Week Change 1.3732934
Address1 5,701 North Pima Road
All Time High 111.35
All Time Low 0.89
Ask 86.95
Ask Size 1
Audit Risk 5
Average Analyst Rating 2.4 - Buy
Average Daily Volume10 Day 9,764,970
Average Daily Volume3 Month 8,703,037
Average Volume 8,703,037
Average Volume10Days 9,764,970
Beta 1.524
Bid 86.84
Bid Size 12
Board Risk 3
Book Value 19.341
City Scottsdale
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 5
Country United States
Crypto Tradeable 0
Currency USD
Current Price 86.91
Current Ratio 4.522
Custom Price Alert Confidence HIGH
Date Short Interest 1,774,915,200
Day High 87.51
Day Low 84.75
Debt To Equity 42.294
Display Name ON Semiconductor
Earnings Call Timestamp End 1,777,928,400
Earnings Call Timestamp Start 1,777,928,400
Earnings Growth -0.487
Earnings Quarterly Growth -0.521
Earnings Timestamp 1,777,924,800
Earnings Timestamp End 1,777,924,800
Earnings Timestamp Start 1,777,924,800
Ebitda 1,755,500,032
Ebitda Margins 0.29281
Enterprise To Ebitda 19.919
Enterprise To Revenue 5.833
Enterprise Value 34,968,522,752
Eps Current Year 2.93324
Eps Forward 4.05241
Eps Trailing Twelve Months 0.29
Esg Populated 0
Exchange NMS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 66.0938
Fifty Day Average Change 20.8162
Fifty Day Average Change Percent 0.31494933
Fifty Two Week Change Percent 137.32935
Fifty Two Week High 87.51
Fifty Two Week High Change -0.5999985
Fifty Two Week High Change Percent -0.006856342
Fifty Two Week Low 36.27
Fifty Two Week Low Change 50.640003
Fifty Two Week Low Change Percent 1.3961953
Fifty Two Week Range 36.27 - 87.51
Financial Currency USD
First Trade Date Milliseconds 957,274,200,000
Float Shares 392,267,139
Forward Eps 4.05241
Forward P E 21.446497
Free Cashflow 1,560,125,056
Full Exchange Name NasdaqGS
Full Time Employees 22,600
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,775,001,600
Gross Margins 0.38321
Gross Profits 2,297,499,904
Has Pre Post Market Data 1
Held Percent Insiders 0.0034599998
Held Percent Institutions 1.1097599
Implied Shares Outstanding 394,020,530
Industry Semiconductors
Industry Disp Semiconductors
Industry Key semiconductors
Ir Website http://www.onsemi.com/PowerSolutions/content.do?id=1116
Is Earnings Date Estimate 0
Language en-US
Last Fiscal Year End 1,767,139,200
Long Business Summary ON Semiconductor Corporation provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally. It operates through three segments: Power Solutions Group, Analog and Mixed-Signal Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor devices designed to enable power conversion, including power switching, signal conditioning, and circuit protection technologies. Its Analog and Mixed-Signal Group segment designs and develops analog and mixed-signal solutions, including power management, sensor interface, connectivity, and standard products for automotive, industrial automation, AI data centers, computing, and mobile end markets. The Intelligent Sensing Group segment develops complementary metal-oxide-semiconductor image sensors, image signal processors, short-wave infrared sensors, and other products, as well as photon-counting technologies, including single-photon avalanche diode arrays and silicon photomultiplier devices for depth sensing, factory automation, safety systems, and robotics industries. ON Semiconductor Corporation was incorporated in 1992 and is headquartered in Scottsdale, Arizona.
Long Name ON Semiconductor Corporation
Market us_market
Market Cap 34,244,327,424
Market State PRE
Max Age 86,400
Message Board Id finmb_411950
Most Recent Quarter 1,767,139,200
Net Income To Common 121,000,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 33,653,085,328
Number Of Analyst Opinions 29
Open 85.93
Operating Cashflow 1,759,800,064
Operating Margins 0.19136
Overall Risk 4
Payout Ratio 0.0
Peg Ratio 0.32
Phone 602 244 6600
Pre Market Change 1.75
Pre Market Change Percent 2.0135772
Pre Market Price 88.66
Pre Market Time 1,776,849,348
Previous Close 85.56
Price Eps Current Year 29.629354
Price Hint 2
Price To Book 4.493563
Price To Sales Trailing12 Months 5.7117667
Profit Margins 0.020179998
Quick Ratio 2.73
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 2.41176
Region US
Regular Market Change 1.35001
Regular Market Change Percent 1.57785
Regular Market Day High 87.51
Regular Market Day Low 84.75
Regular Market Day Range 84.75 - 87.51
Regular Market Open 85.93
Regular Market Previous Close 85.56
Regular Market Price 86.91
Regular Market Time 1,776,801,600
Regular Market Volume 9,971,195
Return On Assets 0.050229996
Return On Equity 0.01498
Revenue Growth -0.112
Revenue Per Share 14.587
Sand P52 Week Change 0.3140242
Sector Technology
Sector Disp Technology
Sector Key technology
Share Holder Rights Risk 6
Shares Outstanding 393,327,318
Shares Percent Shares Out 0.0777
Shares Short 30,570,099
Shares Short Previous Month Date 1,772,150,400
Shares Short Prior Month 31,982,993
Short Name ON Semiconductor Corporation
Short Percent Of Float 0.106300004
Short Ratio 4.3
Source Interval 15
State AZ
Symbol ON
Target High Price 100.0
Target Low Price 56.0
Target Mean Price 70.17241
Target Median Price 70.0
Total Cash 2,547,599,872
Total Cash Per Share 6.466
Total Debt 3,253,199,872
Total Revenue 5,995,400,192
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps 0.29
Trailing P E 299.68967
Trailing Peg Ratio 0.3242
Triggerable 1
Two Hundred Day Average 56.60915
Two Hundred Day Average Change 30.300854
Two Hundred Day Average Change Percent 0.53526425
Type Disp Equity
Volume 9,971,195
Website https://www.onsemi.com
Zip 85,250