ON Semiconductor will change its NASDAQ trading symbol
ON Semiconductor has announced it will change its NASDAQ trading symbol to 'ON', effective upon the market’s open on 6th April, 2015. The company will continue to operate as ON Semiconductor Corporation.
The move to the new symbol, which is more closely tied with the name of the company, is intended to strengthen ON Semiconductor’s brand and is another step towards improving ON Semiconductor’s profile within the investment community.
“The new symbol will help foster a stronger, consistent and more recognizable brand for ON Semiconductor,” said Keith Jackson, President and CEO, ON Semiconductor. “We are excited about the future of the company as we embark on a new phase of growth, improving cash flow and shareholder returns.”
Starting on 6th April, 2015, all company information, including stock trading, filings, and market data related to the company, will be reported under the new ticker symbol, 'ON.' The CUSIP for company’s common stock will remain unchanged. Outstanding stock certificates are not affected by the symbol change and will not need to be exchanged.
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