Teacher Retirement System of Texas Grows Stock Holdings in Onto Innovation Inc. $ONTO

Teacher Retirement System of Texas boosted its position in Onto Innovation Inc. (NYSE:ONTO) by 5.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 21,586 shares of the semiconductor company’s stock after acquiring an additional 1,045 shares during the period. Teacher Retirement System of Texas’ holdings in Onto Innovation were worth $2,179,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Concurrent Investment Advisors LLC purchased a new stake in shares of Onto Innovation during the 1st quarter valued at $217,000. Harbor Capital Advisors Inc. grew its stake 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 valued at $2,413,000 after buying an additional 9,324 shares during the period. Verdence Capital Advisors LLC purchased a new stake in shares of Onto Innovation during the 2nd quarter valued at $2,920,000. GSA Capital Partners LLP purchased a new stake in shares of Onto Innovation during the 1st quarter valued at $818,000. Finally, Granahan Investment Management LLC grew its stake in shares of Onto Innovation by 113.8% during the 1st quarter. Granahan Investment Management LLC now owns 57,101 shares of the semiconductor company’s stock valued at $6,929,000 after buying an additional 30,397 shares during the period. 98.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ONTO. Oppenheimer upped their price target on shares of Onto Innovation from $130.00 to $180.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Stifel Nicolaus upped their price target on shares of Onto Innovation from $110.00 to $120.00 and gave the stock a “hold” rating in a research report on Monday, October 13th. B. Riley upped their price target on shares of Onto Innovation from $145.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Jefferies Financial Group raised shares of Onto Innovation from a “hold” rating to a “buy” rating and upped their price target for the stock from $100.00 to $170.00 in a research report on Tuesday, September 23rd. Finally, Benchmark decreased their price target on shares of Onto Innovation from $190.00 to $160.00 and set a “buy” rating for the company in a research report on Friday, August 8th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $148.57.

Onto Innovation Price Performance

Shares of ONTO stock opened at $131.47 on Tuesday. Onto Innovation Inc. has a 12 month low of $85.88 and a 12 month high of $228.42. The firm has a market capitalization of $6.44 billion, a P/E ratio of 32.54, a P/E/G ratio of 0.94 and a beta of 1.61. The company’s fifty day moving average price is $124.55 and its two-hundred day moving average price is $110.47.

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

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.