5 Cheap Semiconductor Stocks to Buy Now

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1. ON Semiconductor Corporation (NASDAQ:ON)

Share price as of Monday, September 20, 2021: $47.67
Number of Hedge Fund Holders: 44

ON Semiconductor Corporation (NASDAQ: ON) is an American semiconductor supplier which was formed in 1999. It is headquartered in Phoenix, Arizona, and is responsible for catering to several subsectors within the semiconductor industry. The company also has its own manufacturing facilities inside the United States, and through these, it manufactures and sells custom chips as required by its customers. ON Semiconductor Corporation (NASDAQ: ON) also supplies image sensors and memory devices, which when combined with its custom chips, make up for the company’s customized semiconductor segment.

In addition to this segment, the company also sells products under the discrete, power management and signal management categories. The discrete segment caters to high power devices, the power management sector supplies chips installed in products such as voltage regulators and the signal management sector covers technology products such as amplifiers and radiofrequency devices.

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