Shares of semiconductor companies, including NVIDIA Corporation (NASDAQ:NVDA), are trading higher in sympathy with ON Semiconductor Corp (NASDAQ:ON), which reported better-than-expected fourth-quarter results and issued strong first-quarter guidance.
ON Semiconductor reported quarterly earnings of $1.09 per share which beat the analyst consensus estimate of 94 cents. The company reported quarterly sales of $1.85 billion which beat the analyst consensus estimate of $1.79 billion by 3%.
