ON Semiconductor Corporation (ON)
Technology · Semiconductors · Data as of 2026-09-01
Bottom line
ON is trading at a premium to its history, near its historical resistance zone, and recent volume suggests money flowing out. Historically, this combination has called for extra caution. Past patterns are not a guarantee of future results.
Valuation — Trading at a premium (Red)
ON trades at 46× earnings, above its own 5-year average of 23× and above similar technology companies we track (33×, 84 peers). Investors are currently paying more per dollar of earnings than usual. Its free-cash-flow yield is about 6.3%. Its current multiple sits around the 74th percentile of its own last five years — toward the high end of its own range.
Price zones — Near its historical resistance zone (Red)
At $72.65, the stock is close to the upper end of its recent range. Over the past year ON has traded between $44.56 and $134.92; its historical support zone sits near $44.56 and resistance near $77.95. It is below both its 50- and 200-day averages, which has historically signalled a downtrend.
52-week range $44.56–$134.92 · 50-day average $86.15 · 200-day average $77.95
Money flow — Money is flowing out (Red)
Recent trading in ON shows more volume on falling days than rising days, a pattern often described as distribution. Volume on up days has been about 0.8× volume on down days over the last 30 sessions.
About the company
ON Semiconductor Corporation operates as a global provider of sophisticated power and sensing solutions. Their cutting-edge power innovations are pivotal in modernizing various sectors: they contribute to the development of lighter, extended-range electric vehicles, underpin rapid-charging infrastructure, and bolster sustainable energy initiatives for applications such as solar arrays, industrial power systems, and energy storage. The company's operations are structured into three main divisions: the Power Solutions Group, the Advanced Solutions Group, and the Intelligent Sensing Group.
一句话结论
ON 相对自身历史处于溢价水平，接近其历史阻力区，近期成交量显示资金正在流出。从历史来看，这样的组合需要格外谨慎。过去的形态并不能保证未来的结果。
估值 — 相对自身历史处于溢价水平
ON 目前的市盈率为 46×，高于其自身 5 年平均的 23×，并且高于我们追踪的同类Technology公司（33×，84 家）。投资者目前为每一美元盈利付出的价格高于以往。其自由现金流收益率约为 6.3%。它当前的估值倍数大约位于自身过去五年分布的第 74 百分位——处于自身区间的偏高位置。
价格区间 — 接近其历史阻力区
目前价格为 $72.65，接近其近期区间的上沿。过去一年 ON 的价格在 $44.56 到 $134.92 之间波动；其历史支撑区在 $44.56 附近，阻力区在 $77.95 附近。它同时位于 50 日和 200 日均线下方，这在历史上通常对应下降趋势。
资金流向 — 资金正在流出
ON 近期下跌日的成交量高于上涨日，这种形态常被称为派发。过去 30 个交易日，上涨日的成交量约为下跌日的 0.8×。
UnderTheLight 用直白的语言解释股票——估值、价格区间与资金流向。它只描述数据，不构成任何投资建议。
UnderTheLight explains stocks in plain English — valuation, price zones and money flow as traffic lights, recomputed nightly. It describes data; it is not investment advice and never recommends a trade.