ON Semiconductor Stock Hits New 52-Week Low (ONNN)

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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.

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TheStreet Ratings rates ON Semiconductor as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, expanding profit margins and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow. You can view the full ON Semiconductor Ratings Report.

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