← BackON SEMICONDUCTOR CORP · SemiconductorsON
Moderate riskNext report: In 6 days (est.)
The short versionA profitable company with steady sales.
Going well
- Profitable every year for 10 years
- Brings in more cash than it spends
- Buying back shares: share count down 8.1% in 3 years
Watch out for
- Revenue down 15.3% from the year before
Money moves
- Insiders sold $1.2M in the last 30 days, all through pre-planned sales
- Institutions cut 0.2% from their holdings in the quarter ending June 2026 (534 bought, 400 sold)
- Held by George Soros (Soros Fund), Ray Dalio (Bridgewater)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$74.08+2.5% that day
- Company value
- $28.8B
- Share price times all shares
- Price vs profit (P/E)
- 47.8x
- You pay about $48 for each $1 of yearly profit
- Price vs sales
- 4.7x
- Company value is 4.7 times a year of sales
- Cash vs value
- 12%
- Cash as a share of company value
- Debt vs value
- 10%
- Debt as a share of company value
From ON's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jul '26$1.6B+9.2% vs a year earlier
Sep '23Tap a barJul '26
Last 12 months: $6.2B, down 3.1% from the 12 months before. Over 5 years, sales grew about 2.7% a year.
Business quality
The checklist Warren Buffett-style investors use. Annual numbers for 2025.- MissReturn on equity 15%+Earns a lot on the money owners have in the business.1.5%
- PassDebt under half of equityNot relying on borrowed money.0.39x equity
- MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.2.0%
- PassProfitable every yearSteady profits, not one good year.10 of 10 years
- PassFree cash flow positiveBrings in more cash than it spends to run and grow.$1.4B
- PassShare count not growingNot diluting owners. Falling means buybacks.-8.1% in 3 years
- MissGross margin 40%+Pricing power: sells for well above what it costs to make.33.1%
- Revenue
- $6.0B
- -15.3% vs prior year
- 5-year growth
- +2.7%/yr
- revenue, per year
- Total debt
- $3.0B
- 0.39x equity
- Current ratio
- 4.52x
- short-term assets / bills due
From annual reports filed with the SEC. A checklist is a starting point for research, not a verdict.
Latest quarter
Quarter ended Jul 3, 2026- Revenue
- $1.6B
- +9.2% YoY
- EPS
- $0.56
- vs $0.41
- Op. margin
- 16.1%
- +2.9 pts
- Gross margin
- 38.4%
- +0.8 pts
- Free cash flow
- $425.4M
- Share count
- -2.5%
- vs a year ago
Insider rating
Last 90 days
45Mixed
- Pre-planned sales of $1.2M (weaker signal)
50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.
Weekly insider trend13 weeks agoBoughtSoldThis week
Filing buzz
Last 7 days vs normal
0/ 100
- This week
- 0
- Normal week
- 1.1
- vs normal
- 0.0x
SEC filings of any kind. 50 means a normal week.
Institutional ownership
■Steady-0.2%Institutions cut 0.2% from their holdings. 534 bought, 400 sold. 3 quarters of net selling in a row.
Shares held by institutions403.8M
Sep '24Jun '26
Share count growthYearly rate, last 3 years
-3.4%Cash runwayAt last year's cash burn
Cash flow positiveDebt to equityLatest balance sheet: debt compared with what owners have
0.6x · $4.5B debtShares outstandingLatest reported
389MWhy moderate risk- Revenue down 15.3% from the year before
- 1 offering filing in 6 months (may sell new shares)
Next reportIn 6 days (est.)Estimated from the same quarter last year
- Results filedAug 3
- Results filedMay 4
- Results filedFeb 9
- Results filedNov 3, 2025
- Results filedAug 4, 2025
Insider trades
Open-market buys and sells, last 90 days Bought$00 insiders
Sold$1.2M1 insider, 1 pre-planned
| Insider | Trade | Shares | Avg price | Value | Owns after | Date |
|---|
Sudhir GopalswamyGroup President, AMG & ISG | Sell | 16K | $80.00 | $1.2M | 158K | |
- -9% of their holdings
- Pre-planned sale (10b5-1)
- Filed 1 day after
|
"Owns after" is the insider's holding right after the trade. Pre-planned (10b5-1) sales are set up months ahead, a weaker signal.