Onto Innovation Inc. $ONTO Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. decreased its position in Onto Innovation Inc. (NYSE:ONTO) by 82.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,839 shares of the semiconductor company’s stock after selling 44,951 shares during the period. Pacer Advisors Inc.’s holdings in Onto Innovation were worth $1,271,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in ONTO. Farther Finance Advisors LLC increased its holdings in shares of Onto Innovation by 76.8% in the third quarter. Farther Finance Advisors LLC now owns 320 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 139 shares during the period. EverSource Wealth Advisors LLC boosted its position in Onto Innovation by 206.9% in the second quarter. EverSource Wealth Advisors LLC now owns 577 shares of the semiconductor company’s stock valued at $58,000 after buying an additional 389 shares during the last quarter. SBI Securities Co. Ltd. increased its holdings in Onto Innovation by 148.5% in the 2nd quarter. SBI Securities Co. Ltd. now owns 671 shares of the semiconductor company’s stock worth $68,000 after buying an additional 401 shares during the period. Signaturefd LLC raised its position in Onto Innovation by 13.9% during the 2nd quarter. Signaturefd LLC now owns 854 shares of the semiconductor company’s stock worth $86,000 after buying an additional 104 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in Onto Innovation by 56.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,090 shares of the semiconductor company’s stock worth $108,000 after buying an additional 393 shares during the last quarter. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Oppenheimer upped their price objective on shares of Onto Innovation from $130.00 to $180.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Jefferies Financial Group upped their price target on shares of Onto Innovation from $170.00 to $200.00 and gave the company a “buy” rating in a report on Monday, December 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 price target on shares of Onto Innovation in a research report on Tuesday, November 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Onto Innovation in a report on Wednesday, October 8th. Finally, Evercore ISI raised their target price on Onto Innovation from $115.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $165.00.

Onto Innovation Stock Performance

NYSE:ONTO opened at $157.97 on Friday. The company has a fifty day moving average of $145.21 and a two-hundred day moving average of $122.78. The stock has a market capitalization of $7.74 billion, a PE ratio of 44.62, a P/E/G ratio of 1.06 and a beta of 1.46. Onto Innovation Inc. has a fifty-two week low of $85.88 and a fifty-two week high of $228.42.

Onto Innovation (NYSE:ONTO) last announced its earnings results on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.03. The business had revenue of $218.19 million for the quarter, compared to analyst estimates of $220.23 million. Onto Innovation had a net margin of 17.46% and a return on equity of 13.11%. The company’s revenue for the quarter was down 13.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.34 earnings per share. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS. Research analysts forecast that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

About Onto Innovation

Onto Innovation (NYSE:ONTO) is a global supplier of advanced process control and inspection systems for semiconductor and electronics manufacturers. The company’s solutions span metrology, inspection, defect review and lithography mask repair, helping customers optimize yield, reduce costs and improve device performance. By integrating high-resolution optical and e-beam tools with sophisticated software analytics, Onto Innovation enables wafer, mask and advanced packaging producers to maintain tight process control across leading-edge nodes and specialty applications.

Key products include high-throughput wafer metrology systems, optical and e-beam defect inspection platforms, mask inspection and repair tools, and data-driven software for yield management and process optimization.