[url="]Alpha and Omega Semiconductor Limited[/url] (AOS) (Nasdaq: AOSL), a designer, developer, and global supplier of a broad range of discrete power devices,
SCOTTSDALE, Ariz., July 07, 2026 (GLOBE NEWSWIRE) -- onsemi (Nasdaq: ON) today announced it has entered into definitive agreements to divest two manufacturing facilities.
I rate ON Semiconductor a Strong Buy with a $126 price target, implying ~30% upside from the current level of $97 per share. The main growth drivers are AI data center power, automotive content growth through 900V EV platforms and EliteSiC, plus Treo, vertical GaN and Synaptics. ON's forward non-GAAP PEG ratio of about 0.95x is attractive versus the sector median of 1.37x, and my EPS bridge supports a price target of about $126, implying 30% upside.
ON Semiconductor's AI data center revenues are set to double in 2026 as advanced power solutions gain traction across EVs, energy storage and industrial markets.
ON Semiconductor is rated Buy, with a systematic accumulation strategy targeting a large upside breakout by 2027–2028. ON's transformation via the $7B Synaptics acquisition and proprietary Treo platform expands its TAM to $243B by 2030, leveraging leadership in 1200V vertical GaN and SiC technologies. Key catalysts include 10x content growth in 800V AI data center racks, robust margin expansion toward a 53% target, and decoupling from flat global auto SAAR via Chinese EV exports.
Broadcom maintains a dominant position in artificial intelligence infrastructure and enterprise software with high net margins. ON Semiconductor is a leader in power and sensing chips for the automotive sector and is expanding into edge AI.
NEW YORK, July 1, 2026 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of ON Semiconductor Corporation ("Onsemi" or the "Company") (NASDAQ: ON). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext.