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The latest update is out from ON Semiconductor ( (ON) ).
ON Semiconductor said that on March 9, 2026, it agreed with Simon Keeton, Group President of its Power Solutions Group, that he will resign from all employment positions effective June 30, 2026. Keeton, who joined the company in July 2007 and has led the Power Solutions Group since February 2024, will step down from his officer roles immediately but stay on until the end of June to support an orderly leadership transition in this key business unit.
The leadership change in the Power Solutions Group marks a significant shift for onsemi’s core power business, which is central to its strategic positioning in energy-efficient and automotive applications. While the company has not yet named a successor, the planned transition period is intended to minimize operational disruption and maintain continuity for customers and stakeholders as it prepares new leadership for the group.
The most recent analyst rating on (ON) stock is a Hold with a $64.00 price target. To see the full list of analyst forecasts on ON Semiconductor stock, see the ON Stock Forecast page.
Spark’s Take on ON Stock
According to Spark, TipRanks’ AI Analyst, ON is a Neutral.
The score is primarily supported by strong cash-flow resilience and a solid balance sheet, plus constructive technical momentum and a generally positive earnings-call outlook (FCF focus, buybacks, AI traction, and margin actions). The biggest constraint is valuation, with a very high P/E and no dividend yield provided, alongside the recent profitability downturn and near-term underutilization/non-core exit headwinds.
To see Spark’s full report on ON stock, click here.
More about ON Semiconductor
ON Semiconductor, also known as onsemi, operates in the semiconductor industry, providing power and sensing technologies used across automotive, industrial, and other electronics markets. The company’s Power Solutions Group focuses on power management and conversion products that are critical to energy-efficient systems and electrification trends.
Average Trading Volume: 9,314,240
Technical Sentiment Signal: Buy
Current Market Cap: $23.48B
Find detailed analytics on ON stock on TipRanks’ Stock Analysis page.