Onto Innovation Inc. $ONTO Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lessened its position in shares of Onto Innovation Inc. (NYSE:ONTO) by 77.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 87,655 shares of the semiconductor company’s stock after selling 297,322 shares during the quarter. Federated Hermes Inc. owned about 0.18% of Onto Innovation worth $11,327,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its position in Onto Innovation by 2,061.5% in the third quarter. Blue Trust Inc. now owns 281 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 268 shares during the period. Harbor Investment Advisory LLC acquired a new stake in shares of Onto Innovation during the 3rd quarter worth about $37,000. Farther Finance Advisors LLC raised its holdings in Onto Innovation by 76.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 320 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 139 shares during the period. Pilgrim Partners Asia Pte Ltd acquired a new position in Onto Innovation in the third quarter valued at about $47,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Onto Innovation by 206.9% during the second quarter. EverSource Wealth Advisors LLC now owns 577 shares of the semiconductor company’s stock worth $58,000 after buying an additional 389 shares during the period. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ONTO has been the topic of a number of research analyst reports. Zacks Research raised shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 31st. Cantor Fitzgerald reissued a “neutral” rating and issued a $170.00 target price on shares of Onto Innovation in a research report on Tuesday, December 16th. Stifel Nicolaus upped their price target on Onto Innovation from $126.00 to $180.00 and gave the stock a “hold” rating in a research note on Wednesday, January 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Onto Innovation in a research note on Thursday, January 22nd. Finally, Jefferies Financial Group increased their target price on Onto Innovation from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $193.75.

Onto Innovation Price Performance

ONTO opened at $202.09 on Friday. Onto Innovation Inc. has a 12 month low of $85.88 and a 12 month high of $227.07. The stock has a market capitalization of $9.90 billion, a price-to-earnings ratio of 57.09, a PEG ratio of 1.18 and a beta of 1.46. The business has a fifty day moving average price of $174.33 and a 200 day moving average price of $137.94.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Onto Innovation had a return on equity of 13.11% and a net margin of 17.46%.The company had revenue of $218.19 million for the quarter, compared to analyst estimates of $220.23 million. During the same quarter last year, the company earned $1.34 EPS. Onto Innovation’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. On average, research analysts anticipate that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

Onto Innovation Company 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.