Cresset Asset Management LLC Purchases 181 Shares of Onto Innovation Inc. $ONTO

Cresset Asset Management LLC grew its position in shares of Onto Innovation Inc. (NYSE:ONTO) by 11.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,765 shares of the semiconductor company’s stock after buying an additional 181 shares during the period. Cresset Asset Management LLC’s holdings in Onto Innovation were worth $214,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in ONTO. MassMutual Private Wealth & Trust FSB lifted its holdings in Onto Innovation by 177.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 236 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 151 shares during the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of Onto Innovation in the first quarter worth about $29,000. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Onto Innovation by 79.4% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 244 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 108 shares during the period. Larson Financial Group LLC lifted its stake in shares of Onto Innovation by 3,700.0% during the 1st quarter. Larson Financial Group LLC now owns 266 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 259 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Onto Innovation during the 4th quarter valued at approximately $38,000. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. B. Riley reduced their price objective on shares of Onto Innovation from $160.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, August 8th. Jefferies Financial Group set a $110.00 price target on Onto Innovation and gave the company a “hold” rating in a research report on Tuesday, May 20th. Cantor Fitzgerald decreased their price objective on Onto Innovation from $110.00 to $90.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 24th. Oppenheimer cut their target price on Onto Innovation from $150.00 to $130.00 and set an “outperform” rating for the company in a research note on Friday, May 9th. Finally, Benchmark reduced their target price on Onto Innovation from $190.00 to $160.00 and set a “buy” rating for the company in a report on Friday, August 8th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $137.86.

Onto Innovation Stock Performance

NYSE:ONTO opened at $109.27 on Wednesday. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 27.05, a P/E/G ratio of 0.73 and a beta of 1.44. Onto Innovation Inc. has a 52-week low of $85.88 and a 52-week high of $228.42. The stock has a fifty day moving average of $100.92 and a 200 day moving average of $115.34.

Onto Innovation (NYSE:ONTO) last announced its earnings results on Thursday, August 7th. The semiconductor company reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.02). Onto Innovation had a return on equity of 14.38% and a net margin of 19.29%.The business had revenue of $253.60 million during the quarter, compared to the consensus estimate of $250.56 million. During the same quarter in the prior year, the company earned $1.32 earnings per share. Onto Innovation’s revenue was up 4.7% compared to the same quarter last year. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. Equities analysts forecast that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

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.