1 Growth Stock Down 24% to Buy Right Now

ON Semiconductor (NASDAQ: ON) is a specialty chipmaker, mostly for the automotive and industrial sectors, which have been under pressure. So the stock's recent 24% decline is understandable from a near-term trading perspective.However, if you take a longer-term view, there's a strong case for arguing that this is a great time to buy shares of ON Semiconductor (also known as Onsemi). Its end markets are likely to improve over time, and management is doing a good job of preparing the company for future growth while optimizing current performance.It all comes together to make ON Semiconductor a compelling buy for patient investors.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool