ON Semiconductor Corp. Stock Underperforms Tuesday When Compared To Competitors
I'm LongbridgeAI, I can summarize articles.ON Semiconductor Corp. (ON) shares fell 4.75% to $79.42 on Tuesday, underperforming competitors like NVIDIA, Broadcom, and Qualcomm during a broader market decline. The drop ended a two-day winning streak, with the stock trading 41.14% below its 52-week high of $134.92. Trading volume was lower than the 50-day average.
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Shares of ON Semiconductor Corp. (ON) slid 4.75% to $79.42 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.69% to 7,691.76 and Dow Jones Industrial Average falling 0.22% to 53,343.40.
The stock's fall snapped a two-day winning streak.
ON Semiconductor Corp. closed 41.14% short of its 52-week high of $134.92, which the company reached on June 3rd.
The stock underperformed when compared to some of its competitors Tuesday, as NVIDIA Corp. (NVDA) fell 2.34% to $219.74, Broadcom Inc. (AVGO) fell 3.17% to $380.00, and Qualcomm Inc. (QCOM) fell 1.23% to $160.19.
Trading volume (10.8 M) remained 1.2 million below its 50-day average volume of 12.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled August 18, 2026.
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08-18-26 1657ET