Vident Advisory LLC Has $207,000 Stake in Onto Innovation Inc. $ONTO

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

Several other large investors have also modified their holdings of the company. Jennison Associates LLC raised its holdings in shares of Onto Innovation by 2.9% in the first quarter. Jennison Associates LLC now owns 3,142 shares of the semiconductor company’s stock valued at $381,000 after buying an additional 90 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Onto Innovation by 2.6% during the first quarter. Crossmark Global Holdings Inc. now owns 3,860 shares of the semiconductor company’s stock worth $468,000 after buying an additional 98 shares during the last quarter. Peterson Wealth Services lifted its holdings in Onto Innovation by 2.2% in the first quarter. Peterson Wealth Services now owns 4,585 shares of the semiconductor company’s stock valued at $556,000 after buying an additional 98 shares during the period. Berbice Capital Management LLC boosted its stake in Onto Innovation by 33.3% in the first quarter. Berbice Capital Management LLC now owns 400 shares of the semiconductor company’s stock valued at $49,000 after acquiring an additional 100 shares during the last quarter. Finally, State of Michigan Retirement System boosted its stake in Onto Innovation by 0.9% in the first quarter. State of Michigan Retirement System now owns 11,800 shares of the semiconductor company’s stock valued at $1,432,000 after acquiring an additional 100 shares during the last quarter. 98.35% of the stock is owned by institutional investors.

Onto Innovation Trading Up 1.9%

Shares of ONTO opened at $106.14 on Thursday. Onto Innovation Inc. has a 12 month low of $85.88 and a 12 month high of $228.42. The firm’s 50 day moving average is $102.41 and its 200-day moving average is $110.61. The stock has a market capitalization of $5.20 billion, a PE ratio of 26.27, a P/E/G ratio of 0.71 and a beta of 1.58.

Onto Innovation (NYSE:ONTO) last issued 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 net margin of 19.29% and a return on equity of 14.38%. The company had revenue of $253.60 million during the quarter, compared to analyst estimates of $250.56 million. During the same quarter in the prior year, the business earned $1.32 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. Equities research analysts predict that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Cantor Fitzgerald decreased their price objective on shares of Onto Innovation from $110.00 to $90.00 and set a “neutral” rating for the company in a research report on Tuesday, June 24th. Wall Street Zen upgraded Onto Innovation from a “sell” rating to a “hold” rating in a report on Saturday, May 17th. Benchmark dropped their price objective on Onto Innovation from $190.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, August 8th. B. Riley reduced their target price on Onto Innovation from $160.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, August 8th. Finally, Jefferies Financial Group set a $110.00 price target on Onto Innovation and gave the company a “hold” rating in a research note on Tuesday, May 20th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $137.86.

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.