Shares of ON Semiconductor Corporation (NASDAQ:ON) traded today at $42.35, eclipsing its 52-week high. This new high was reached on below average trading volume as 1.1 million shares traded hands, while the average 30-day volume is approximately 7.8 million shares.
In the past 52 weeks, shares of ON Semiconductor Corporation have traded between a low of $8.17 and a high of $42.35 and is now at $41.61, which is 409% above that low price.
Based on a current price of $41.61, ON Semiconductor Corporation is currently 2.6% above its average consensus analyst price target of $40.54.
ON Semiconductor spun off from Motorola in 1999 and has since become a leading supplier of chips into automotive and industrial markets, with products in analog, discrete, power management, and image sensing. The firm has made several acquisitions in the past few years to solidify share in its key markets. The largest of these was the 2016 purchase of Fairchild Semiconductor for $2.4 billion, which greatly increased the firm’s strength in the discrete chip market.
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