Onto Innovation Inc. $ONTO Shares Sold by Bank of Montreal Can

Bank of Montreal Can decreased its stake in shares of Onto Innovation Inc. (NYSE:ONTO) by 14.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,369 shares of the semiconductor company’s stock after selling 1,111 shares during the quarter. Bank of Montreal Can’s holdings in Onto Innovation were worth $643,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ONTO. Jennison Associates LLC raised its holdings in shares of Onto Innovation by 2.9% during the first quarter. Jennison Associates LLC now owns 3,142 shares of the semiconductor company’s stock worth $381,000 after purchasing an additional 90 shares during the last quarter. Peterson Wealth Services raised its stake in shares of Onto Innovation by 2.2% during the 1st quarter. Peterson Wealth Services now owns 4,585 shares of the semiconductor company’s stock worth $556,000 after buying an additional 98 shares during the period. Silvant Capital Management LLC lifted its holdings in Onto Innovation by 2.1% during the first quarter. Silvant Capital Management LLC now owns 4,958 shares of the semiconductor company’s stock valued at $602,000 after purchasing an additional 101 shares in the last quarter. Signaturefd LLC grew its position in shares of Onto Innovation by 13.9% in the second quarter. Signaturefd LLC now owns 854 shares of the semiconductor company’s stock valued at $86,000 after purchasing an additional 104 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Onto Innovation by 79.4% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 244 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Onto Innovation Price Performance

NYSE ONTO opened at $128.02 on Monday. The firm’s fifty day moving average price is $129.60 and its 200 day moving average price is $111.34. Onto Innovation Inc. has a 12 month low of $85.88 and a 12 month high of $228.42. The company has a market capitalization of $6.27 billion, a price-to-earnings ratio of 31.69, a price-to-earnings-growth ratio of 0.94 and a beta of 1.64.

Onto Innovation (NYSE:ONTO) last posted its earnings results on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.03. Onto Innovation had a return on equity of 14.38% and a net margin of 19.29%.The business had revenue of $218.19 million during the quarter, compared to the consensus estimate of $220.23 million. During the same period in the previous year, the business earned $1.34 EPS. The business’s quarterly 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. As a group, sell-side analysts forecast that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

Analysts Set New Price Targets

ONTO has been the subject of several research reports. Stifel Nicolaus boosted their price target on 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 objective on Onto Innovation from $145.00 to $170.00 and gave the company a “buy” rating in a report on Friday, October 10th. Weiss Ratings restated a “hold (c)” rating on shares of Onto Innovation in a report on Wednesday, October 8th. Oppenheimer upped their price target on Onto Innovation from $130.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Finally, Benchmark reduced their price target on shares of Onto Innovation from $190.00 to $160.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $150.00.

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.