Praxis Investment Management Inc. Invests $237,000 in ON Semiconductor Corporation $ON

Praxis Investment Management Inc. acquired a new position in shares of ON Semiconductor Corporation (NASDAQ:ON) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,530 shares of the semiconductor company’s stock, valued at approximately $237,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Ameriprise Financial Inc. lifted its holdings in shares of ON Semiconductor by 1.0% during the 1st quarter. Ameriprise Financial Inc. now owns 11,328,463 shares of the semiconductor company’s stock worth $460,958,000 after acquiring an additional 110,735 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of ON Semiconductor by 15.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,835,332 shares of the semiconductor company’s stock worth $312,774,000 after acquiring an additional 774,087 shares during the period. Baillie Gifford & Co. bought a new position in shares of ON Semiconductor during the 1st quarter worth about $219,001,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of ON Semiconductor by 2.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,544,230 shares of the semiconductor company’s stock worth $103,525,000 after acquiring an additional 55,976 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in shares of ON Semiconductor by 2,735.5% during the 1st quarter. Pacer Advisors Inc. now owns 2,146,221 shares of the semiconductor company’s stock worth $87,330,000 after acquiring an additional 2,070,529 shares during the period. 97.70% of the stock is owned by institutional investors.

ON Semiconductor Trading Down 0.8%

Shares of NASDAQ ON opened at $52.53 on Monday. ON Semiconductor Corporation has a 1-year low of $31.04 and a 1-year high of $76.06. The company has a market cap of $21.48 billion, a PE ratio of 49.09, a P/E/G 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. The company has a 50-day moving average of $49.83 and a two-hundred day moving average of $48.25.

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

Analysts Set New Price Targets

ON has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price objective on shares of ON Semiconductor from $65.00 to $62.00 and set an “overweight” rating for the company in a report on Tuesday, August 5th. TD Cowen cut 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. Rosenblatt Securities cut their price target on shares of ON Semiconductor from $55.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, August 5th. Citigroup cut their price target on shares of ON Semiconductor from $60.00 to $54.00 and set a “neutral” rating for the company in a report on Tuesday, August 5th. Finally, Stifel Nicolaus lifted their price target on shares of ON Semiconductor from $42.00 to $50.00 and gave the company a “hold” rating in a report on Friday, July 18th. Twelve research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $56.68.

Insider Buying and Selling at ON Semiconductor

In related news, CEO Hassane El-Khoury sold 15,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer directly owned 977,814 shares of the company’s stock, valued at $50,083,633.08. The trade was a 1.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.31% of the stock is currently owned by company insiders.

About ON Semiconductor

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.