ON Semiconductor (NASDAQ:ON) has outperformed the market over the past 10 years by 12.25% on an annualized basis producing an average annual return of 23.05%. Currently, ON Semiconductor has a market capitalization of $32.48 billion. Buying $100 In ON: If an investor had bought $100 of ON stock 10 years ago, it would be worth $803.18 today based on a price of $75.82 for ON at the time of writing. ON Semiconductor’s Performance Over Last 10 YearsFinally — what’s the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in y…