ON Semiconductor Corporation (NASDAQ:ON) traded at a new 52-week high today of $42.44. So far today approximately 1.1 million shares have been exchanged, as compared to an average 30-day volume of 7.7 million shares.
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.
ON Semiconductor Corporation (NASDAQ:ON) is currently priced 0.2% above its average consensus analyst price target of $40.54.
In the past 52 weeks, shares of ON Semiconductor Corporation have traded between a low of $8.17 and a high of $42.44 and is now at $40.61, which is 397% above that low price.
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