Peterson Wealth Services Buys 26,379 Shares of Onto Innovation Inc. $ONTO

Peterson Wealth Services increased its stake in shares of Onto Innovation Inc. (NYSE:ONTO) by 155,170.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,396 shares of the semiconductor company’s stock after buying an additional 26,379 shares during the quarter. Onto Innovation accounts for 0.8% of Peterson Wealth Services’ investment portfolio, making the stock its 27th largest holding. Peterson Wealth Services owned 0.05% of Onto Innovation worth $3,411,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Blue Trust Inc. increased its stake in Onto Innovation by 2,061.5% in the 3rd quarter. Blue Trust Inc. now owns 281 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 268 shares during the last quarter. Harbor Investment Advisory LLC bought a new position in shares of Onto Innovation in the third quarter valued at approximately $37,000. Farther Finance Advisors LLC increased its position in shares of Onto Innovation by 76.8% during the third quarter. Farther Finance Advisors LLC now owns 320 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 139 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Onto Innovation during the third quarter valued at approximately $47,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Onto Innovation during the third quarter worth $68,000. 98.35% of the stock is currently owned by institutional investors.

Onto Innovation Stock Up 0.0%

Shares of NYSE ONTO opened at $202.06 on Tuesday. The stock’s 50-day simple moving average is $175.73 and its two-hundred day simple moving average is $138.95. Onto Innovation Inc. has a twelve month low of $85.88 and a twelve month high of $227.07. The firm has a market capitalization of $9.90 billion, a P/E ratio of 57.08, a P/E/G ratio of 1.12 and a beta of 1.49.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Oppenheimer increased their price target on shares of Onto Innovation from $130.00 to $180.00 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Jefferies Financial Group increased their target price on shares of Onto Innovation from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Evercore ISI raised their price target 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Onto Innovation in a report on Thursday, January 22nd. Finally, Needham & Company LLC increased their price objective on Onto Innovation from $200.00 to $260.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. One equities research 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 company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $193.75.

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.