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ON Semiconductor Stock Jumps 11.5%: What Investors Should Know

TheMotleyFool

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ON Semiconductor Stock Jumps 11.5%: What Investors Should Know: https://g.foolcdn.com/editorial/images/785090/on-stock-earnings-on-semi-stock-ev-stocks-silicon-carbide-chips.jpg

Shares of ON Semiconductor (NASDAQ: ON), a chipmaker focused on power and sensing technologies for the auto and industrial markets, surged 11.5% on Monday.

The catalyst for the gain was the company's release of a better-than-expected second-quarter report. Revenue and earnings both beat Wall Street's estimates.

Image source: Getty Images.

Source Fool.com