ON Semiconductor Corp. Stock Underperforms Friday When Compared To Competitors
I'm LongbridgeAI, I can summarize articles.ON Semiconductor Corp. (ON) shares fell 3.68% to $86.81 on Friday, underperforming the broader market and key competitors like NVIDIA, Broadcom, and Qualcomm despite a positive trading session for major indices. This marked the stock's second consecutive day of losses, with ON closing 35.66% below its 52-week high. Trading volume was notably lower than the 50-day average.
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Shares of ON Semiconductor Corp. (ON) shed 3.68% to $86.81 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.05% to 7,411.98 and the Dow Jones Industrial Average rising 0.46% to 51,947.25.
This was the stock's second consecutive day of losses.
ON Semiconductor Corp. closed 35.66% below its 52-week high of $134.92, which the company reached on June 3rd.
The stock underperformed when compared to some of its competitors Friday, as NVIDIA Corp. (NVDA) fell 0.92% to $206.84, Broadcom Inc. (AVGO) fell 2.69% to $381.92, and Qualcomm Inc. (QCOM) fell 2.42% to $166.97.
Trading volume (7.3 M) remained 5.1 million below its 50-day average volume of 12.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled July 24, 2026.
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07-24-26 1656ET