Ethic Inc. Boosts Stake in Onto Innovation Inc. $ONTO

Ethic Inc. lifted its holdings in Onto Innovation Inc. (NYSE:ONTO) by 11.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,390 shares of the semiconductor company’s stock after buying an additional 538 shares during the quarter. Ethic Inc.’s holdings in Onto Innovation were worth $533,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of Onto Innovation by 75.0% in the first quarter. GAMMA Investing LLC now owns 1,069 shares of the semiconductor company’s stock worth $130,000 after acquiring an additional 458 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in Onto Innovation during the first quarter worth about $420,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Onto Innovation by 8.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 70,294 shares of the semiconductor company’s stock worth $8,581,000 after purchasing an additional 5,372 shares during the period. Peregrine Capital Management LLC raised its holdings in shares of Onto Innovation by 3.4% in the 1st quarter. Peregrine Capital Management LLC now owns 42,433 shares of the semiconductor company’s stock worth $5,149,000 after purchasing an additional 1,389 shares during the period. Finally, Huntleigh Advisors Inc. grew its stake in shares of Onto Innovation by 6.0% in the first quarter. Huntleigh Advisors Inc. now owns 5,279 shares of the semiconductor company’s stock valued at $641,000 after buying an additional 300 shares in the last quarter. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

Onto Innovation Price Performance

Shares of NYSE ONTO opened at $130.92 on Wednesday. The business’s 50-day moving average price is $122.29 and its two-hundred day moving average price is $110.05. Onto Innovation Inc. has a one year low of $85.88 and a one year high of $228.42. The company has a market capitalization of $6.42 billion, a P/E ratio of 32.41, a price-to-earnings-growth ratio of 0.92 and a beta of 1.61.

Onto Innovation (NYSE:ONTO) last issued its earnings results on Thursday, August 7th. The semiconductor company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.02). The firm had revenue of $253.60 million during the quarter, compared to analysts’ expectations 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 quarter last year, the firm earned $1.32 EPS. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. On average, equities analysts anticipate that Onto Innovation Inc. will post 6.26 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Benchmark lowered their price objective 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. Weiss Ratings reissued a “hold (c)” rating on shares of Onto Innovation in a report on Wednesday, October 8th. Oppenheimer raised their price target on Onto Innovation from $130.00 to $180.00 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Jefferies Financial Group upgraded shares of Onto Innovation from a “hold” rating to a “buy” rating and increased their target price for the company from $100.00 to $170.00 in a research report on Tuesday, September 23rd. Finally, Stifel Nicolaus boosted their price objective on Onto Innovation from $110.00 to $120.00 and gave the stock a “hold” rating in a research note on Monday, October 13th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Onto Innovation currently has a consensus rating of “Moderate Buy” and an average target price of $148.57.

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.