ON Semiconductor Corporation (NASDAQ:ON) traded at a new 52-week high today of $47.19. This new high was reached on below average trading volume as 1 million shares traded hands, while the average 30-day volume is approximately 6.2 million shares.
ON Semiconductor Corporation (NASDAQ:ON) is currently priced 55.7% above its average consensus analyst price target of $20.78.
Over the past year, ON Semiconductor Corporation has traded in a range of $19.75 to $47.19 and is now at $46.95, 138% above that low.
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.
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