State of Alaska Department of Revenue Sells 285 Shares of Onto Innovation Inc. $ONTO

State of Alaska Department of Revenue trimmed its stake in Onto Innovation Inc. (NYSE:ONTO) by 4.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,500 shares of the semiconductor company’s stock after selling 285 shares during the quarter. State of Alaska Department of Revenue’s holdings in Onto Innovation were worth $555,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Banque Cantonale Vaudoise bought a new position in Onto Innovation in the first quarter valued at approximately $29,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in 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 in the last quarter. Larson Financial Group LLC grew its stake in Onto Innovation by 3,700.0% in the first quarter. Larson Financial Group LLC now owns 266 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 259 shares in the last quarter. Berbice Capital Management LLC grew 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 purchasing an additional 100 shares in the last quarter. Finally, Brooklyn Investment Group grew its stake in Onto Innovation by 3,690.9% in the first quarter. Brooklyn Investment Group now owns 417 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 406 shares in the last quarter. 98.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on ONTO shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Onto Innovation in a research note on Wednesday. Benchmark reduced their target price 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. Jefferies Financial Group upgraded Onto Innovation from a “hold” rating to a “buy” rating and lifted their target price for the stock from $100.00 to $170.00 in a research note on Tuesday, September 23rd. 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, Cantor Fitzgerald reduced their target price on Onto Innovation from $110.00 to $90.00 and set a “neutral” rating for the company in a research note on Tuesday, June 24th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Onto Innovation currently has a consensus rating of “Moderate Buy” and a consensus target price of $146.43.

Onto Innovation Price Performance

Shares of NYSE ONTO opened at $139.08 on Thursday. The stock has a market capitalization of $6.82 billion, a PE ratio of 34.43, a P/E/G ratio of 0.92 and a beta of 1.61. The business has a fifty day moving average price of $113.83 and a two-hundred day moving average price of $109.24. Onto Innovation Inc. has a fifty-two week low of $85.88 and a fifty-two week high of $228.42.

Onto Innovation (NYSE:ONTO) last announced 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 analyst estimates of $250.56 million. Onto Innovation had a net margin of 19.29% and a return on equity of 14.38%. Onto Innovation’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.32 earnings per share. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. On average, equities analysts expect that Onto Innovation Inc. will post 6.26 EPS for the current 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.