1 Magnificent Megatrend Stock Down 25% to Buy and Hold Forever

ON Semiconductor's (ON 3.56%) 24.5% decline last year has left the long-term growth stock deep in value territory, as the market may have overreacted to the weakness in its key end markets during the previous 18 months. There's a strong case for buying the stock on a dip as the long-term case for the stock is compelling.Meet ON Semiconductor, a smart growth stockThe semiconductor company makes intelligent power solutions and intelligent sensing technologies that are used across various industries. However, ...