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ADI or COHU or ON
Which Stock Would AI Choose? Analog Devices (ADI) vs. Cohu (COHU) vs. ON Semiconductor (ON) Stock Comparison
Key Takeaways
- ADI leads with a market cap over $197B and strong profitability, delivering 107% one-year returns amid AI and industrial demand.
- COHU shows explosive momentum with 195% one-year gains and YTD up 108%, fueled by semiconductor test equipment for HPC and AI.
- ON posts 167% annual returns and 90% YTD, driven by power solutions in EVs and data centers, with recent Q1 earnings beats.
- All three benefit from semiconductor sector tailwinds, but ADI offers stability while COHU and ON exhibit higher volatility and growth potential.
- Recent weeks highlight relative strength in AI-related plays, with COHU forecasting 20-25% revenue growth in 2026.
- Valuations vary: ADI at 74x P/E (trailing), COHU negative due to losses, ON at 75x.
Introduction
This comparison examines ADI, COHU, and ON, three semiconductor firms navigating AI-driven demand, automotive electrification, and industrial automation. Analog Devices focuses on analog and mixed-signal ICs, Cohu on test equipment, and ON Semiconductor on power and sensing solutions. Traders seeking momentum in the chip sector and investors eyeing sector exposure will find value in their divergent profiles—stability versus high-growth volatility—amid recent market rallies exceeding 100% annually for each.
ADI Overview and Recent Performance
Analog Devices, Inc. (ADI) designs, manufactures, and markets integrated circuits (ICs), software, and subsystems, specializing in high-performance analog, mixed-signal, and digital signal processing for industrial, automotive, communications, and consumer applications. In recent market activity, ADI shares have surged around 50% YTD and over 100% in the past year, closing near $405 with a $197B market cap. Sentiment has strengthened on resilient demand, with Q1 FY2026 revenue up 30% YoY to $3.16B and adjusted EPS of $2.46 beating estimates, propelled by AI/data center and automotive growth. Broader recovery in industrial channels has offset consumer softness, supporting a trailing P/E of 74 and analyst buy ratings.
COHU Overview and Recent Performance
Cohu, Inc. (COHU) provides semiconductor test equipment, including handlers, interfaces, and analytics software for wafer-level and package testing, serving manufacturers and OSATs (outsourced semiconductor assembly and test) globally. Recent weeks have seen COHU explode with 108% YTD and nearly 200% one-year returns, trading around $48 amid a $2.3B market cap. Q1 2026 revenue hit $125M, beating forecasts, with guidance for 20-25% growth in 2026 tied to HPC (high-performance computing) and AI test demand up to $100M. Despite net losses yielding a negative P/E, upbeat outlooks on HBM (high-bandwidth memory) have boosted sentiment.
ON Overview and Recent Performance
ON Semiconductor Corporation (ON), operating as onsemi, supplies intelligent power and sensing solutions focused on automotive and industrial end-markets, including silicon carbide (SiC) for EVs. Shares have rallied 90% YTD and 167% over one year, hovering near $103 with a $40B market cap. Recent Q1 2026 results showed $1.51B revenue (up 5% YoY) and $0.64 adjusted EPS beating estimates, with data center revenue doubling on AI strength despite auto softness. A trailing P/E around 75 reflects recovery momentum and EV catalysts.
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Head-to-Head Comparison
ADI’s broad analog portfolio drives stable growth in long-cycle industrial/auto markets, contrasting COHU’s niche test equipment exposure to cyclical fab utilization and AI/HPC ramps. ON emphasizes power semis for EVs and data centers, balancing auto risks with SiC demand. Recent momentum favors COHU (200%+ annual) over ON (167%) and ADI (108%), but ADI’s scale yields superior profitability (EPS $5.47) versus COHU losses and ON’s $1.36. Valuation sensitivity is high: ADI forward P/E ~34x, ON ~35x, COHU 72x+ amid negative trailing. Risks include supply chain for all, but COHU faces higher beta (1.6), while sentiment tilts to AI catalysts across the trio.
Tickeron AI Verdict
Tickeron’s AI currently favors ADI for its trend consistency, profitability stability, and balanced catalysts in AI/industrial amid sector volatility. With lower relative drawdowns and strong earnings trajectory versus COHU’s losses and ON’s auto exposure, ADI shows higher probability of outperformance in the near term, though all merit monitoring for momentum shifts.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer. Disclaimers and Limitations
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is undervalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
ADI’s FA Score shows that 2 FA rating(s) are green whileCOHU’s FA Score has 1 green FA rating(s), and ON’s FA Score reflects 2 green FA rating(s).
- ADI’s FA Score: 2 green, 3 red.
- COHU’s FA Score: 1 green, 4 red.
- ON’s FA Score: 2 green, 3 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
ADI’s TA Score shows that 2 TA indicator(s) are bullish while COHU’s TA Score has 4 bullish TA indicator(s), and ON’s TA Score reflects 2 bullish TA indicator(s).
- ADI’s TA Score: 2 bullish, 5 bearish.
- COHU’s TA Score: 4 bullish, 4 bearish.
- ON’s TA Score: 2 bullish, 5 bearish.
Price Growth
ADI (@Semiconductors) experienced а -1.27% price change this week, while COHU (@Electronic Production Equipment) price change was -13.28% , and ON (@Semiconductors) price fluctuated +1.83% for the same time period.
The average weekly price growth across all stocks in the @Semiconductors industry was -0.56%. For the same industry, the average monthly price growth was +29.03%, and the average quarterly price growth was +88.34%.
The average weekly price growth across all stocks in the @Electronic Production Equipment industry was -5.25%. For the same industry, the average monthly price growth was +9.34%, and the average quarterly price growth was +129.85%.
Reported Earning Dates
ADI is expected to report earnings on May 20, 2026.
COHU is expected to report earnings on Jul 30, 2026.
ON is expected to report earnings on Aug 03, 2026.
Industries' Descriptions
@Semiconductors (-0.56% weekly)The semiconductor industry manufacturers all chip-related products, including research and development. These chips are used in innumerable electronic devices, including computers, cell phones, smartphones, and GPSs. Intel Corporation, NVIDIA Corp., and Broadcomm are some of the prominent players in this industry. Semiconductor companies usually tend to do well during periods of healthy economic growth, thereby inducing further research and development in the industry – which in turn augurs well for productivity and growth in the economy. In the near future, demand for semiconductor products (and possibly innovation within the segment) should only expand further, with the proliferation of 5G, autonomous vehicles, IoT, and various AI-driven electronics set to herald a new, advanced chapter in the technology-driven world as we know it. With burgeoning prospects comes great competition. In 2015, SIA estimated that U.S. semiconductor industry ranks as the second most competitive U.S. industry out of 2882 U.S. industries designated manufacturers by the U.S. Census Bureau.
@Electronic Production Equipment (-5.25% weekly)The electronic production equipment industry makes equipment used to produce semiconductors. Such equipment includes wafer fabrication, plasma etching and photo-resist processing equipment. The industry also makes chemical vapor deposition processing systems and photomasks, which are high-purity quartz plates that contain patterns to define integrated circuits layouts. Applied Materials, Inc., Lam Research Corporation, and KLA-Tencor Corporation are examples of electronic production equipment manufacturing companies.
| ADI | COHU | ON | |
| Capitalization | 202B | 2.02B | 41.2B |
| EBITDA | 5.53B | 6.05M | 1.52B |
| Gain YTD | 53.247 | 83.799 | 95.789 |
| P/E Ratio | 75.74 | 51.42 | 77.96 |
| Revenue | 11.8B | 481M | 6.06B |
| Total Cash | 4.05B | 489M | 2.4B |
| Total Debt | 8.68B | 327M | 3.01B |
ADI | COHU | ON | ||
|---|---|---|---|---|
OUTLOOK RATING 1..100 | 72 | 79 | 85 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 67 Overvalued | 55 Fair valued | 69 Overvalued | |
PROFIT vs RISK RATING 1..100 | 8 | 100 | 53 | |
SMR RATING 1..100 | 77 | 93 | 78 | |
PRICE GROWTH RATING 1..100 | 9 | 37 | 3 | |
P/E GROWTH RATING 1..100 | 41 | 5 | 6 | |
SEASONALITY SCORE 1..100 | 50 | 50 | 50 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
COHU's Valuation (55) in the Electronic Production Equipment industry is in the same range as ADI (67) in the Semiconductors industry, and is in the same range as ON (69) in the Semiconductors industry. This means that COHU's stock grew similarly to ADI’s and similarly to ON’s over the last 12 months.
ADI's Profit vs Risk Rating (8) in the Semiconductors industry is somewhat better than the same rating for ON (53) in the Semiconductors industry, and is significantly better than the same rating for COHU (100) in the Electronic Production Equipment industry. This means that ADI's stock grew somewhat faster than ON’s and significantly faster than COHU’s over the last 12 months.
ADI's SMR Rating (77) in the Semiconductors industry is in the same range as ON (78) in the Semiconductors industry, and is in the same range as COHU (93) in the Electronic Production Equipment industry. This means that ADI's stock grew similarly to ON’s and similarly to COHU’s over the last 12 months.
ON's Price Growth Rating (3) in the Semiconductors industry is in the same range as ADI (9) in the Semiconductors industry, and is somewhat better than the same rating for COHU (37) in the Electronic Production Equipment industry. This means that ON's stock grew similarly to ADI’s and somewhat faster than COHU’s over the last 12 months.
COHU's P/E Growth Rating (5) in the Electronic Production Equipment industry is in the same range as ON (6) in the Semiconductors industry, and is somewhat better than the same rating for ADI (41) in the Semiconductors industry. This means that COHU's stock grew similarly to ON’s and somewhat faster than ADI’s over the last 12 months.
| ADI | COHU | ON | |
|---|---|---|---|
| RSI ODDS (%) | 1 day ago 47% | 1 day ago 74% | 1 day ago 81% |
| Stochastic ODDS (%) | 1 day ago 58% | 1 day ago 82% | 1 day ago 80% |
| Momentum ODDS (%) | N/A | 1 day ago 73% | N/A |
| MACD ODDS (%) | 1 day ago 63% | 1 day ago 69% | 1 day ago 80% |
| TrendWeek ODDS (%) | 1 day ago 58% | 1 day ago 70% | 1 day ago 77% |
| TrendMonth ODDS (%) | 1 day ago 60% | 1 day ago 74% | 1 day ago 77% |
| Advances ODDS (%) | 10 days ago 61% | 10 days ago 72% | 7 days ago 73% |
| Declines ODDS (%) | 6 days ago 55% | 1 day ago 70% | 1 day ago 76% |
| BollingerBands ODDS (%) | 1 day ago 59% | 1 day ago 90% | 1 day ago 83% |
| Aroon ODDS (%) | 1 day ago 57% | 1 day ago 73% | 1 day ago 76% |
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| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| VIXY | 26.62 | 0.32 | +1.22% |
| ProShares VIX Short-Term Futures | |||
| PONX | 5.00 | 0.04 | +0.81% |
| Tradr 2X Long PONY Daily ETF | |||
| VGVT | 74.37 | -0.21 | -0.28% |
| Vanguard Government Securities Actv ETF | |||
| KVLE | 27.19 | -0.11 | -0.39% |
| KraneShares Value Line® Dyn Div Eq ETF | |||
| EWG | 42.04 | -0.30 | -0.71% |
| iShares MSCI Germany ETF | |||
ADI and
Correlation & Price change
A.I.dvisor indicates that over the last year, ADI has been closely correlated with LRCX. These tickers have moved in lockstep 79% of the time. This A.I.-generated data suggests there is a high statistical probability that if ADI jumps, then LRCX could also see price increases.
| Ticker / NAME | Correlation To ADI | 1D Price Change % | ||
|---|---|---|---|---|
| ADI | 100% | -1.02% | ||
| LRCX - ADI | 79% Closely correlated | -1.65% | ||
| KLAC - ADI | 79% Closely correlated | -0.90% | ||
| ENTG - ADI | 78% Closely correlated | -2.35% | ||
| KLIC - ADI | 77% Closely correlated | -1.48% | ||
| AMAT - ADI | 75% Closely correlated | -1.61% | ||
More | ||||
COHU and
Correlation & Price change
A.I.dvisor indicates that over the last year, COHU has been closely correlated with DIOD. These tickers have moved in lockstep 73% of the time. This A.I.-generated data suggests there is a high statistical probability that if COHU jumps, then DIOD could also see price increases.
| Ticker / NAME | Correlation To COHU | 1D Price Change % | ||
|---|---|---|---|---|
| COHU | 100% | -3.24% | ||
| DIOD - COHU | 73% Closely correlated | -1.22% | ||
| POWI - COHU | 70% Closely correlated | +0.98% | ||
| NXPI - COHU | 68% Closely correlated | +0.89% | ||
| UCTT - COHU | 68% Closely correlated | -0.85% | ||
| SLAB - COHU | 68% Closely correlated | -0.03% | ||
More | ||||
ON and
Correlation & Price change
A.I.dvisor indicates that over the last year, ON has been closely correlated with MCHP. These tickers have moved in lockstep 73% of the time. This A.I.-generated data suggests there is a high statistical probability that if ON jumps, then MCHP could also see price increases.