Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- ON Semiconductor Corporation (Nasdaq: ONNN) hit a new 52-week low Thursday as it is currently trading at $5.81, below its previous 52-week low of $5.84 with 2.3 million shares traded as of 11:30 a.m. ET. Average volume has been 7.2 million shares over the past 30 days. ON Semiconductor has a market cap of $2.76 billion and is part of the technology sector and electronics industry. Shares are down 23.1% year to date as of the close of trading on Wednesday. ON Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and markets semiconductor components for electronic systems and products worldwide. The company has a P/E ratio of 68.3, above the S&P 500 P/E ratio of 17.7.
- EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.