ON Semiconductor Corp. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains
I'm LongbridgeAI, I can summarize articles.ON Semiconductor Corp. (ON) shares rose 2.95% to $93.79 on Wednesday, outperforming the broader market as the S&P 500 and Dow Jones fell. However, ON underperformed key competitors like NVIDIA, Broadcom, and Qualcomm, which all posted higher gains. The stock remains 30.48% below its 52-week high of $134.92 reached in June.
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Shares of ON Semiconductor Corp. (ON) advanced 2.95% to $93.79 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 0.28% to 7,482.71 and Dow Jones Industrial Average falling 1.09% to 52,348.39.
ON Semiconductor Corp. closed 30.48% below its 52-week high of $134.92, which the company achieved on June 3rd.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as NVIDIA Corp. (NVDA) rose 3.65% to $204.12, Broadcom Inc. (AVGO) rose 4.83% to $388.69, and Qualcomm Inc. (QCOM) rose 1.96% to $186.56.
Data source: Dow Jones Market Data, FactSet. Data compiled July 8, 2026.
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07-08-26 1653ET