New Lifetime High Reached: ON Semiconductor (ON)

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Trade-Ideas LLC identified ON Semiconductor ( ON) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified ON Semiconductor as such a stock due to the following factors:

  • ON has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $45.6 million.
  • ON has traded 201,928 shares today.
  • ON is trading at a new lifetime high.

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More details on ON:

ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. It operates in four segments: Application Products Group, Image Sensor Group, Standard Products Group, and System Solutions Group. ON has a PE ratio of 3. Currently there are 9 analysts that rate ON Semiconductor a buy, 1 analyst rates it a sell, and 4 rate it a hold.

The average volume for ON Semiconductor has been 5.4 million shares per day over the past 30 days. ON Semiconductor has a market cap of $5.6 billion and is part of the technology sector and electronics industry. The stock has a beta of 1.91 and a short float of 2.7% with 3.27 days to cover. Shares are up 28.2% year-to-date as of the close of trading on Thursday.

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