Vident Advisory LLC Buys 342 Shares of Onto Innovation Inc. $ONTO

Vident Advisory LLC grew its stake in shares of Onto Innovation Inc. (NYSE:ONTO) by 25.1% during the first quarter, HoldingsChannel.com reports. The fund owned 1,703 shares of the semiconductor company’s stock after buying an additional 342 shares during the quarter. Vident Advisory LLC’s holdings in Onto Innovation were worth $207,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of ONTO. Situational Awareness LP purchased a new position in shares of Onto Innovation in the 1st quarter worth $71,192,000. Massachusetts Financial Services Co. MA grew its position in shares of Onto Innovation by 48.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,291,415 shares of the semiconductor company’s stock worth $156,700,000 after buying an additional 421,165 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in Onto Innovation in the first quarter worth approximately $31,175,000. Nuveen LLC bought a new position in Onto Innovation in the first quarter worth about $25,853,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Onto Innovation by 21,129.5% during the 1st quarter. GAMMA Investing LLC now owns 129,712 shares of the semiconductor company’s stock valued at $15,739,000 after purchasing an additional 129,101 shares during the last quarter. Institutional investors own 98.35% of the company’s stock.

Onto Innovation Stock Performance

Onto Innovation stock opened at $106.14 on Thursday. The stock has a fifty day moving average of $102.41 and a two-hundred day moving average of $110.61. The company has a market capitalization of $5.20 billion, a price-to-earnings ratio of 26.27, a PEG ratio of 0.71 and a beta of 1.58. 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 quarterly earnings results on Thursday, August 7th. The semiconductor company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.02). The firm had revenue of $253.60 million for the quarter, compared to analyst estimates of $250.56 million. Onto Innovation had a return on equity of 14.38% and a net margin of 19.29%.The business’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.32 earnings per share. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. On average, analysts forecast that Onto Innovation Inc. will post 6.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ONTO. Benchmark cut their price target on Onto Innovation from $190.00 to $160.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. B. Riley reduced their price target on shares of Onto Innovation from $160.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. Jefferies Financial Group set a $110.00 target price on shares of Onto Innovation and gave the company a “hold” rating in a report on Tuesday, May 20th. Cantor Fitzgerald cut their target price on shares of Onto Innovation from $110.00 to $90.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 24th. Finally, Wall Street Zen upgraded shares of Onto Innovation from a “sell” rating to a “hold” rating in a research note on Saturday, May 17th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $137.86.

Onto Innovation Company 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.