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

Federated Hermes Inc. increased its holdings in Onto Innovation Inc. (NYSE:ONTO) by 336.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 384,977 shares of the semiconductor company’s stock after buying an additional 296,691 shares during the quarter. Federated Hermes Inc. owned about 0.79% of Onto Innovation worth $38,856,000 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 ONTO. Brooklyn Investment Group raised its position in shares of Onto Innovation by 3,690.9% during the 1st quarter. Brooklyn Investment Group now owns 417 shares of the semiconductor company’s stock worth $51,000 after buying an additional 406 shares in the last quarter. 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 valued at $58,000 after buying an additional 389 shares in the last quarter. SBI Securities Co. Ltd. lifted 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 valued at $68,000 after acquiring an additional 401 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Onto Innovation by 27.2% in the 1st quarter. Smartleaf Asset Management LLC now owns 697 shares of the semiconductor company’s stock worth $85,000 after purchasing an additional 149 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Onto Innovation by 13.9% in the 2nd quarter. Signaturefd LLC now owns 854 shares of the semiconductor company’s stock worth $86,000 after purchasing an additional 104 shares in the last quarter. 98.35% of the stock is currently owned by institutional investors.

Onto Innovation Stock Up 1.9%

ONTO opened at $160.38 on Tuesday. The firm has a market capitalization of $7.86 billion, a P/E ratio of 45.30, a PEG ratio of 1.06 and a beta of 1.48. The stock has a fifty day moving average of $136.51 and a 200-day moving average of $115.18. Onto Innovation Inc. has a 12-month low of $85.88 and a 12-month high of $228.42.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings results 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 analyst estimates of $220.23 million. Onto Innovation had a return on equity of 13.11% and a net margin of 17.46%.Onto Innovation’s quarterly revenue was down 13.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.34 earnings per share. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS. On average, analysts expect that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ONTO has been the topic of several recent research reports. Jefferies Financial Group upgraded shares of Onto Innovation from a “hold” rating to a “buy” rating and lifted their price target for the stock from $100.00 to $170.00 in a research report on Tuesday, September 23rd. B. Riley lifted their target price on Onto Innovation from $173.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Oppenheimer boosted their target price on Onto Innovation from $130.00 to $180.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Evercore ISI upped their target price on Onto Innovation from $115.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Onto Innovation in a research note on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Onto Innovation presently has a consensus rating of “Moderate Buy” and an average target price of $151.25.

Onto Innovation 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.