ON Semiconductor Corporation Stock News

In a market environment where many companies are signaling caution, onsemi NASDAQ: ON has made a decisive statement of confidence. The semiconductor sector firm announced on Nov. 18 that its board has authorized a new, upsized $6 billion share repurchase program.

Chip stock ON Semiconductor Corp (NASDAQ:ON) is on the rise today, last seen up 4.2% at $47.46, after the company announced a $6 billion share buyback plan.

Chip stock ON Semiconductor Corp (NASDAQ:ON) is on the rise today, last seen up 4.2% at $47.46, after the company announced a $6 billion share buyback plan.

SCOTTSDALE, Ariz., Nov. 18, 2025 (GLOBE NEWSWIRE) -- onsemi (the “Company”) (Nasdaq: ON) today announced that its Board of Directors has authorized a new share repurchase program of up to $6 billion over the next three years.

ON Semiconductor appears undervalued given its growth prospects and strong free cash flow. AI/data center exposure should be a significant new growth driver for the company.

Meta, Nvidia and Microsoft shares trade at discounts to their historical valuations, along with other plays in the chip and software sectors.

ON Semiconductor is upgraded to Buy, reflecting solid recent results and signs of recovery after a prolonged automotive downturn. ON's Q3 revenue and earnings surpassed expectations, but guidance remains cautious with limited visibility on a swift margin recovery. AI and datacenter opportunities, including the Vcore Power acquisition, offer potential but are not yet significant growth drivers f...

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