Signaturefd LLC Grows Holdings in Onto Innovation Inc. $ONTO

Signaturefd LLC increased its holdings in shares of Onto Innovation Inc. (NYSE:ONTO) by 13.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 854 shares of the semiconductor company’s stock after purchasing an additional 104 shares during the period. Signaturefd LLC’s holdings in Onto Innovation were worth $86,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Concurrent Investment Advisors LLC acquired a new stake in shares of Onto Innovation during the first quarter worth about $217,000. GAMMA Investing LLC raised its position in Onto Innovation by 75.0% during the 1st quarter. GAMMA Investing LLC now owns 1,069 shares of the semiconductor company’s stock worth $130,000 after buying an additional 458 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Onto Innovation in the first quarter valued at about $420,000. Oppenheimer Asset Management Inc. boosted its stake in shares of 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 buying an additional 1,013 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in shares of Onto Innovation by 63.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 23,906 shares of the semiconductor company’s stock worth $2,413,000 after purchasing an additional 9,324 shares in the last quarter. 98.35% of the stock is currently owned by institutional investors and hedge funds.

Onto Innovation Trading Up 3.1%

NYSE:ONTO opened at $144.10 on Friday. Onto Innovation Inc. has a 12-month low of $85.88 and a 12-month high of $228.42. The firm has a market cap of $7.06 billion, a price-to-earnings ratio of 35.67, a price-to-earnings-growth ratio of 0.97 and a beta of 1.61. The company’s 50-day moving average is $111.53 and its two-hundred day moving average is $108.98.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings data 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 firm had revenue of $253.60 million during the quarter, compared to analyst estimates of $250.56 million. During the same period in the prior year, the firm 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. On average, equities research analysts forecast that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ONTO has been the topic of a number of research reports. Weiss Ratings restated a “hold (c)” rating on shares of Onto Innovation in a report on Saturday, September 27th. Jefferies Financial Group raised Onto Innovation from a “hold” rating to a “buy” rating and upped their target price for the company from $100.00 to $170.00 in a report on Tuesday, September 23rd. B. Riley dropped their price target on Onto Innovation from $160.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, August 8th. Benchmark cut their price target on Onto Innovation from $190.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, August 8th. Finally, Cantor Fitzgerald lowered their price objective 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. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $146.43.

About Onto Innovation

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.