Added to YB: 2026-07-14
Pitch date: 2026-07-12
ON [neutral]
ON Semiconductor Corporation
-2.82%
current return
Author Info
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Company Info
ON Semiconductor Corporation provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally.
Market Cap
$37.3B
Pitch Price
$92.99
Price Target
150.00 (+56%)
Dividend
N/A
EV/EBITDA
17.72
P/E
67.90
EV/Sales
6.30
Sector
Semiconductors and Semiconductor Equipment
Category
special_situation
ON Semiconductor (ON) - We Draw Tree
ON (overview): $7B all-stock Synaptics deal repositions onsemi as 'Physical AI systems provider' (power+sensing+edge compute+connectivity). Stock fell ~24% to ~$98 on 14% dilution, integration risk. FY25 rev $6B, 38.5% GM, data center power >$250M. Deal closes mid-2027. Bull $138.60 (needs synergies + P/E re-rate), Base $103.50, Bear below. $200M cost synergies but revenue synergies unpriced/unproven; auto certification barriers, D4 net-synergy risk. PTs range $95-150.
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