Connor Clark & Lunn Investment Management Ltd. Buys New Holdings in Onto Innovation Inc. $ONTO

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Onto Innovation Inc. (NYSE:ONTO) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,789 shares of the semiconductor company’s stock, valued at approximately $1,997,000.

Several other large investors have also recently bought and sold shares of the business. Banque Cantonale Vaudoise purchased a new position in Onto Innovation in the first quarter valued at approximately $29,000. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Onto Innovation by 79.4% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 244 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 108 shares during the last quarter. Larson Financial Group LLC raised its stake in Onto Innovation by 3,700.0% during the 1st quarter. Larson Financial Group LLC now owns 266 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 259 shares in the last quarter. Brooklyn Investment Group lifted its position 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 acquiring an additional 406 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Onto Innovation by 27.2% in the first quarter. Smartleaf Asset Management LLC now owns 697 shares of the semiconductor company’s stock valued at $85,000 after acquiring an additional 149 shares in the last quarter. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Onto Innovation Price Performance

ONTO opened at $128.02 on Monday. Onto Innovation Inc. has a 1-year low of $85.88 and a 1-year high of $228.42. The stock has a market cap of $6.27 billion, a P/E ratio of 31.69, a P/E/G ratio of 0.94 and a beta of 1.64. The stock’s 50 day simple moving average is $129.60 and its 200 day simple moving average is $111.34.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Onto Innovation had a net margin of 19.29% and a return on equity of 14.38%. The business had revenue of $218.19 million during the quarter, compared to analysts’ expectations of $220.23 million. During the same period last year, the company posted $1.34 EPS. The company’s revenue was down 13.5% on a year-over-year basis. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS. Research analysts expect that Onto Innovation Inc. will post 6.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ONTO has been the topic of a number of research reports. Stifel Nicolaus raised their price target on Onto Innovation from $110.00 to $120.00 and gave the stock a “hold” rating in a research note on Monday, October 13th. Benchmark decreased their price objective on Onto Innovation from $190.00 to $160.00 and set a “buy” rating for the company in a report on Friday, August 8th. Jefferies Financial Group raised shares of Onto Innovation from a “hold” rating to a “buy” rating and lifted their target price for the company from $100.00 to $170.00 in a report on Tuesday, September 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Onto Innovation in a research note on Wednesday, October 8th. Finally, B. Riley raised their price objective 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. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $150.00.

Onto Innovation Company 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.