This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of ON Semiconductor Corp. rose 6.0% to $84.89 on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.7% to 7,722.72 and the Dow Jones Industrial Average rising 0.5% to 51,176.96.

This was the stock's fourth consecutive day of gains.

ON Semiconductor Corp. closed 37.1% short of its 52-week high of $134.92, which the company reached on June 3rd.

The stock outperformed some of its peers, as NVIDIA Corp. rose 1.3% to $233.95, Broadcom Inc. rose 3.3% to $355.14, and Qualcomm Inc. rose 1.53% to $184.87.

Trading volume totaled 22.9 million, compared to the 50-day average of 10.0 million.

Data source: Dow Jones Market Data, FactSet