Shares of ON Semiconductor Corporation (NASDAQ:ON) traded today at $42.76, eclipsing its 52-week high. Approximately 1.1 million shares have changed hands today, as compared to an average 30-day volume of 7.4 million shares.
ON Semiconductor Corporation share prices have moved between a 52-week high of $42.76 and a 52-week low of $10.61 and are now trading 302% above that low price at $42.63 per share.
ON Semiconductor Corporation (NASDAQ:ON) is currently priced 7.8% above its average consensus analyst price target of $39.31.
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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