4,530 Shares in ON Semiconductor Corporation $ON Acquired by Praxis Investment Management Inc.

Praxis Investment Management Inc. acquired a new stake in shares of ON Semiconductor Corporation (NASDAQ:ON) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 4,530 shares of the semiconductor company’s stock, valued at approximately $237,000.

Other institutional investors have also recently bought and sold shares of the company. Trust Co. of Toledo NA OH acquired a new position in ON Semiconductor during the second quarter valued at approximately $29,000. Costello Asset Management INC acquired a new position in ON Semiconductor during the first quarter valued at approximately $26,000. Golden State Wealth Management LLC grew its holdings in ON Semiconductor by 83.3% during the first quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 320 shares during the period. Ameritas Advisory Services LLC acquired a new position in ON Semiconductor during the second quarter valued at approximately $57,000. Finally, Ridgewood Investments LLC acquired a new position in ON Semiconductor during the second quarter valued at approximately $68,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Insider Buying and Selling

In related news, CEO Hassane El-Khoury sold 15,000 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $51.22, for a total transaction of $768,300.00. Following the completion of the transaction, the chief executive officer owned 977,814 shares in the company, valued at approximately $50,083,633.08. This represents a 1.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Benchmark restated a “buy” rating and set a $60.00 price objective (up previously from $50.00) on shares of ON Semiconductor in a report on Tuesday, August 5th. Truist Financial upped their price target on shares of ON Semiconductor from $43.00 to $49.00 and gave the company a “hold” rating in a report on Tuesday, August 5th. TD Cowen reduced their price target on shares of ON Semiconductor from $68.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, August 5th. KeyCorp upped their price target on shares of ON Semiconductor from $50.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. Finally, The Goldman Sachs Group started coverage on shares of ON Semiconductor in a report on Thursday, July 10th. They issued a “neutral” rating and a $60.00 price target for the company. Twelve analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $56.68.

ON Semiconductor Stock Performance

Shares of ON opened at $52.53 on Monday. ON Semiconductor Corporation has a 12 month low of $31.04 and a 12 month high of $76.06. The firm has a fifty day simple moving average of $49.83 and a 200 day simple moving average of $48.25. The stock has a market capitalization of $21.48 billion, a price-to-earnings ratio of 49.09, a PEG ratio of 2.61 and a beta of 1.49. The company has a current ratio of 5.02, a quick ratio of 3.37 and a debt-to-equity ratio of 0.42.

ON Semiconductor (NASDAQ:ON) last announced its earnings results on Monday, August 4th. The semiconductor company reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.01). ON Semiconductor had a return on equity of 15.33% and a net margin of 7.28%.The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the company posted $0.96 EPS. The business’s revenue for the quarter was down 15.4% compared to the same quarter last year. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. Research analysts forecast that ON Semiconductor Corporation will post 2.6 EPS for the current fiscal year.

ON Semiconductor Profile

onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group.