ON Semiconductor Corp. Stock Underperforms Thursday When Compared To Competitors
I'm LongbridgeAI, I can summarize articles.ON Semiconductor Corp. (ON) shares fell 2.38% to $90.13 on Thursday, underperforming the broader market and snapping a two-day winning streak. The decline occurred amid a dismal trading session where the S&P 500 dropped 1.21% and the Dow Jones Industrial Average fell 0.97%. ON closed 33.20% below its 52-week high of $134.92 set in June. While competitors like NVIDIA, Broadcom, and Qualcomm also declined, ON's drop was more pronounced.
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Shares of ON Semiconductor Corp. (ON) shed 2.38% to $90.13 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.21% to 7,408.30 and Dow Jones Industrial Average falling 0.97% to 51,711.65.
The stock's fall snapped a two-day winning streak.
ON Semiconductor Corp. closed 33.20% below its 52-week high of $134.92, which the company achieved on June 3rd.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as NVIDIA Corp. (NVDA) fell 1.56% to $208.76, Broadcom Inc. (AVGO) fell 1.09% to $392.47, and Qualcomm Inc. (QCOM) fell 2.57% to $171.11.
Data source: Dow Jones Market Data, FactSet. Data compiled July 23, 2026.
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07-23-26 1655ET