ON Semiconductor opens the week with AI focus, shares trade around 90 dollars

ON Semiconductor starts the week with ongoing analyst debate around its AI exposure and automotive chip demand, while the NASDAQ-listed shares consolidate near the 90 dollar mark.

By Mark Bergmann, Earnings & Calendar desk. Reviewed prior to publication on 2026-06-29, 09:58.

ON Semiconductor (US6821891035) begins the new week on NASDAQ with its shares consolidating near 90 dollars after recent volatility in U.S. chip names. The focus for many investors is the company’s positioning in AI-related power and sensor components and the timing of its next quarterly update, as analysts reassess growth in automotive and industrial demand according to recent commentary from B. Riley and TD Cowen.

What recent analyst notes highlight

B. Riley recently raised its price target on ON Semiconductor from 118 to 135 dollars and reiterated a Buy rating, citing the company’s exposure to accelerating AI infrastructure spending and demand for power management and silicon carbide solutions in data centers and electric vehicles, based on a June 2026 update.

By contrast, TD Cowen downgraded ON Semiconductor from Buy to Hold and trimmed its price target to 110 dollars from 115 dollars, pointing to execution risks and integration work following the company’s plans to acquire human-interface specialist Synaptics and a more balanced risk-reward profile at current valuation levels according to their note summarized in a June 2026 analysis.

Where the shares stand today

ON Semiconductor shares trade on NASDAQ under the ticker ON and most recently closed at 90.65 dollars on June 26, 2026, with an intraday range between roughly 89 and 98 dollars in that session, reflecting a period of consolidation after earlier strength in AI-related semiconductor stocks, according to recent data aggregations.

Extended trading indications after the regular session showed ON Semiconductor at about 90.31 dollars on June 26, suggesting only muted moves heading into the new week while investors continue to monitor sector-wide commentary on chip demand and macro-sensitive technology valuations from U.S. market reports.

How ON Semiconductor makes its money

ON Semiconductor generates revenue primarily from selling analog and mixed-signal semiconductors, power devices and image sensors used in automotive, industrial, communication and consumer applications, with key lines including power management components and silicon carbide devices for electric vehicles and AI-driven data center infrastructure as highlighted in recent analyst commentary.

Where the ON Semiconductor stock trades now

The ON Semiconductor shares (US6821891035) most recently traded on NASDAQ at about 90.65 dollars as of 2026-06-26, 16:00 Eastern, according to recent price snapshots.

Key data on the ON Semiconductor shares

• Company: ON Semiconductor Corp.
• ISIN: US6821891035
• WKN: 919128
• Ticker: ON
• Trading venue: NASDAQ
• Price (as of 2026-06-26, 16:00): 90.65 USD
• Market cap: approximately 39 billion USD (as of 2026-06-26)
• Sector / industry: Technology / Semiconductors
• Index membership: S&P 500
• Next earnings date: not officially scheduled

This text is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities.