Strs Ohio Purchases New Holdings in Onto Innovation Inc. $ONTO

Strs Ohio purchased a new stake in Onto Innovation Inc. (NYSE:ONTO) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,863 shares of the semiconductor company’s stock, valued at approximately $590,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Concurrent Investment Advisors LLC purchased a new position in Onto Innovation in the first quarter valued at about $217,000. GAMMA Investing LLC boosted its holdings in Onto Innovation by 75.0% in the first quarter. GAMMA Investing LLC now owns 1,069 shares of the semiconductor company’s stock valued at $130,000 after purchasing an additional 458 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in Onto Innovation in the first quarter valued at about $420,000. Oppenheimer Asset Management Inc. boosted its holdings in Onto Innovation by 16.3% in the first quarter. Oppenheimer Asset Management Inc. now owns 7,211 shares of the semiconductor company’s stock valued at $875,000 after purchasing an additional 1,013 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in Onto Innovation by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 5,785 shares of the semiconductor company’s stock valued at $701,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Onto Innovation Price Performance

ONTO opened at $122.61 on Friday. The stock’s 50 day moving average price is $104.51 and its 200 day moving average price is $108.97. The stock has a market cap of $6.01 billion, a P/E ratio of 30.35, a P/E/G ratio of 0.83 and a beta of 1.58. Onto Innovation Inc. has a 12 month low of $85.88 and a 12 month high of $228.42.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.02). The firm had revenue of $253.60 million for 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 for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.32 earnings per share. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. Equities analysts anticipate that Onto Innovation Inc. will post 6.26 EPS for the current year.

Analyst Ratings Changes

Several analysts have issued reports on ONTO shares. Cantor Fitzgerald cut 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. Benchmark cut 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. Finally, B. Riley cut their price objective on Onto Innovation from $160.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, August 8th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.