Key Stats for ON Semiconductor Stock

• Today’s Performance: -9%
• 52-Week Range: $45 to $135
• Valuation Model Target Price: Around $100
• Implied Downside: Around 14%

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What Happened?

ON Semiconductor stock fell about 9% today, trading near $119 per share after closing around $132 the previous day, as investors took profits following a sharp recent rally. The move came even as the broader story around AI, electric vehicles, and power semiconductors remained supportive, which suggests the decline was more about valuation and profit-taking than a fresh negative company announcement.

The stock fell because investors appeared to be locking in…