Onto Innovation Inc. $ONTO Stock Position Lifted by Capital Fund Management S.A.

Capital Fund Management S.A. grew its holdings in shares of Onto Innovation Inc. (NYSE:ONTO) by 16.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 94,967 shares of the semiconductor company’s stock after purchasing an additional 13,215 shares during the period. Capital Fund Management S.A.’s holdings in Onto Innovation were worth $9,585,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. HB Wealth Management LLC increased its stake in Onto Innovation by 45.7% during the 1st quarter. HB Wealth Management LLC now owns 1,899 shares of the semiconductor company’s stock valued at $230,000 after buying an additional 596 shares during the period. LPL Financial LLC increased its stake in shares of Onto Innovation by 20.1% during the first quarter. LPL Financial LLC now owns 42,849 shares of the semiconductor company’s stock valued at $4,989,000 after acquiring an additional 7,177 shares during the period. Federated Hermes Inc. raised its holdings in Onto Innovation by 930.7% during the first quarter. Federated Hermes Inc. now owns 88,286 shares of the semiconductor company’s stock worth $10,713,000 after purchasing an additional 79,720 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Onto Innovation in the first quarter worth approximately $818,000. Finally, Banque Cantonale Vaudoise bought a new position in Onto Innovation during the 1st quarter valued at $29,000. 98.35% of the stock is currently owned by institutional investors.

Onto Innovation Stock Down 0.7%

Shares of NYSE ONTO opened at $139.50 on Friday. Onto Innovation Inc. has a 12 month low of $85.88 and a 12 month high of $228.42. The company has a market cap of $6.84 billion, a price-to-earnings ratio of 34.53, a P/E/G ratio of 0.94 and a beta of 1.64. The business has a fifty day simple moving average of $133.46 and a 200-day simple moving average of $112.63.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. Onto Innovation had a return on equity of 14.38% and a net margin of 19.29%.The firm had revenue of $218.19 million for the quarter, compared to the consensus estimate of $220.23 million. During the same quarter in the previous year, the company earned $1.34 EPS. The business’s revenue for the quarter was down 13.5% compared to the same quarter last year. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS. As a group, sell-side analysts expect that Onto Innovation Inc. will post 6.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Benchmark dropped their price objective on Onto Innovation from $190.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, August 8th. Jefferies Financial Group raised Onto Innovation from a “hold” rating to a “buy” rating and lifted their target price for the stock from $100.00 to $170.00 in a report on Tuesday, September 23rd. Oppenheimer boosted their price target on shares of Onto Innovation from $130.00 to $180.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Stifel Nicolaus raised their price objective on shares of Onto Innovation from $110.00 to $120.00 and gave the company a “hold” rating in a research report on Monday, October 13th. Finally, Evercore ISI lifted their price objective on shares of Onto Innovation from $115.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $151.25.

Onto Innovation Company Profile

Onto Innovation Inc engages in the design, development, manufacture, and support of process control tools that performs optical metrology. The company offers lithography systems and process control analytical software. It also offers process and yield management solutions, and device packaging and test facilities through standalone systems for optical metrology, macro-defect inspection, packaging lithography, and transparent and opaque thin film measurements.