Shares of ON Semiconductor Corporation (NASDAQ:ON) traded today at $54.75, eclipsing its 52-week high. So far today approximately 1 million shares have been exchanged, as compared to an average 30-day volume of 4.9 million shares.
ON Semiconductor Corporation (NASDAQ:ON) is currently priced 58.8% above its average consensus analyst price target of $22.23.
ON Semiconductor is a leading supplier of power and analog semiconductors, as well as sensors. ON is the second-largest global supplier of discrete transistors like insulated gate bipolar transistors, or IGBTs, and metal oxide semiconductor field-effect transistors, or MOSFETs, and also has a significant integrated power chip business. ON is also the largest supplier of image sensors to the automotive market, targeting autonomous driving applications. The firm is concentrated in and focused on the automotive, industrial, and communications markets, and is reducing its exposure to the consumer and computing markets.
In the past 52 weeks, ON Semiconductor Corporation share prices are bracketed by a low of $23.86 and a high of $54.75 and is now at $54.01, 126% above that low price.
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