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With a market cap of $16.2 billion, ON Semiconductor Corporation (ON) is a global provider of intelligent sensing and power semiconductor solutions. Operating through its Power Solutions, Analog and Mixed-Signal, and Intelligent Sensing segments, it delivers products such as SiC components, CMOS image sensors, power management ICs, and custom ASICs for automotive, industrial, and mobile applications.
Shares of the Scottsdale, Arizona-based company have significantly underperformed the broader market over the past 52 weeks. ON has dipped 45.4% over this time frame, while the broader S&P 500 Index ($SPX) has gained 10.2%. On a YTD basis, shares of ON are down 39.1%, compared to SPX’s 3.9% decrease.