Voya Investment Management LLC Has $12.22 Million Stock Holdings in Onto Innovation Inc. $ONTO

Voya Investment Management LLC cut its holdings in shares of Onto Innovation Inc. (NYSE:ONTO) by 50.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,686 shares of the semiconductor company’s stock after selling 104,339 shares during the period. Voya Investment Management LLC owned about 0.21% of Onto Innovation worth $12,217,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ONTO. Millennium Management LLC boosted its position in Onto Innovation by 35.3% during the 4th quarter. Millennium Management LLC now owns 152,323 shares of the semiconductor company’s stock worth $25,388,000 after buying an additional 39,771 shares during the period. Royal Bank of Canada lifted its position in shares of Onto Innovation by 32.0% in the 4th quarter. Royal Bank of Canada now owns 485,408 shares of the semiconductor company’s stock worth $80,903,000 after purchasing an additional 117,798 shares during the period. Snowden Capital Advisors LLC acquired a new position in shares of Onto Innovation in the 4th quarter worth approximately $271,000. State of Wyoming lifted its position in shares of Onto Innovation by 40.6% in the 4th quarter. State of Wyoming now owns 2,820 shares of the semiconductor company’s stock worth $470,000 after purchasing an additional 815 shares during the period. Finally, Tidal Investments LLC acquired a new position in shares of Onto Innovation in the 4th quarter worth approximately $8,374,000. 98.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ONTO. Benchmark dropped their price target on shares of Onto Innovation from $190.00 to $160.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. Jefferies Financial Group set a $110.00 price target on shares of Onto Innovation and gave the stock a “hold” rating in a research report on Tuesday, May 20th. Cantor Fitzgerald dropped their price target on shares of Onto Innovation from $110.00 to $90.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 24th. Finally, B. Riley dropped 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. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Onto Innovation has a consensus rating of “Moderate Buy” and an average price target of $137.86.

Onto Innovation Stock Up 3.7%

NYSE:ONTO opened at $120.67 on Wednesday. The company has a fifty day moving average of $103.42 and a 200-day moving average of $109.31. The firm has a market capitalization of $5.91 billion, a P/E ratio of 29.87, a P/E/G ratio of 0.79 and a beta of 1.58. Onto Innovation Inc. has a twelve month low of $85.88 and a twelve month high of $228.42.

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

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.