Stanley Laman Group Ltd. Sells 20,715 Shares of Onto Innovation Inc. $ONTO

Stanley Laman Group Ltd. lowered its position in shares of Onto Innovation Inc. (NYSE:ONTO) by 38.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,233 shares of the semiconductor company’s stock after selling 20,715 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Onto Innovation were worth $4,294,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Paradigm Capital Management Inc. NY lifted its position in shares of Onto Innovation by 0.7% in the second quarter. Paradigm Capital Management Inc. NY now owns 1,112,839 shares of the semiconductor company’s stock worth $112,319,000 after purchasing an additional 7,900 shares in the last quarter. William Blair Investment Management LLC increased its stake in Onto Innovation by 650.4% in the 2nd quarter. William Blair Investment Management LLC now owns 1,098,860 shares of the semiconductor company’s stock valued at $110,908,000 after buying an additional 952,419 shares during the last quarter. Geneva Capital Management LLC lifted its position in Onto Innovation by 6.5% during the 2nd quarter. Geneva Capital Management LLC now owns 1,081,662 shares of the semiconductor company’s stock worth $109,172,000 after buying an additional 66,339 shares in the last quarter. Qube Research & Technologies Ltd lifted its position in Onto Innovation by 1,510.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 901,180 shares of the semiconductor company’s stock worth $90,956,000 after buying an additional 845,213 shares in the last quarter. Finally, Voya Investment Management LLC boosted its stake in shares of Onto Innovation by 4,494.6% during the 3rd quarter. Voya Investment Management LLC now owns 868,607 shares of the semiconductor company’s stock worth $111,974,000 after buying an additional 849,702 shares during the last quarter. 98.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ONTO shares. B. Riley lifted their target price on Onto Innovation from $173.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Stifel Nicolaus raised their price target on Onto Innovation from $110.00 to $120.00 and gave the company a “hold” rating in a research note on Monday, October 13th. Evercore ISI boosted their price target on Onto Innovation from $115.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. Cantor Fitzgerald reiterated a “neutral” rating and set a $170.00 price objective on shares of Onto Innovation in a research note on Tuesday, December 16th. Finally, Oppenheimer increased their price objective on Onto Innovation from $130.00 to $180.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $165.00.

Onto Innovation Stock Performance

Onto Innovation stock opened at $165.78 on Monday. The stock has a 50-day simple moving average of $145.83 and a 200 day simple moving average of $123.61. The stock has a market capitalization of $8.13 billion, a P/E ratio of 46.83, a PEG ratio of 0.93 and a beta of 1.46. Onto Innovation Inc. has a 52 week low of $85.88 and a 52 week high of $228.42.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings data 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. Onto Innovation had a return on equity of 13.11% and a net margin of 17.46%.The firm had revenue of $218.19 million for the quarter, compared to analyst estimates of $220.23 million. During the same quarter in the prior year, the company earned $1.34 earnings per share. 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. Research analysts forecast that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

Onto Innovation Profile

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.