Campbell & CO Investment Adviser LLC Invests $289,000 in Onto Innovation Inc. $ONTO

Campbell & CO Investment Adviser LLC bought a new position in shares of Onto Innovation Inc. (NYSE:ONTO) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,866 shares of the semiconductor company’s stock, valued at approximately $289,000.

Other large investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its stake in Onto Innovation by 3.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 83,037 shares of the semiconductor company’s stock valued at $10,076,000 after acquiring an additional 2,910 shares during the period. Larson Financial Group LLC raised its holdings in shares of Onto Innovation by 3,700.0% during the first quarter. Larson Financial Group LLC now owns 266 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 259 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Onto Innovation by 14.6% during the first quarter. Victory Capital Management Inc. now owns 120,830 shares of the semiconductor company’s stock worth $14,662,000 after purchasing an additional 15,437 shares during the last quarter. Jennison Associates LLC lifted its position in Onto Innovation by 2.9% during the first quarter. Jennison Associates LLC now owns 3,142 shares of the semiconductor company’s stock valued at $381,000 after purchasing an additional 90 shares during the period. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in Onto Innovation by 37.5% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 19,203 shares of the semiconductor company’s stock valued at $2,330,000 after purchasing an additional 5,234 shares during the last quarter. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Analysts Set New Price Targets

ONTO has been the subject of a number of recent research reports. Evercore ISI lifted their price objective on Onto Innovation from $115.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Jefferies Financial Group raised Onto Innovation from a “hold” rating to a “buy” rating and raised their target price for the stock from $100.00 to $170.00 in a report on Tuesday, September 23rd. B. Riley lifted their price target on Onto Innovation from $145.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Stifel Nicolaus boosted their price target on Onto Innovation from $110.00 to $120.00 and gave the company a “hold” rating in a report on Monday, October 13th. Finally, Oppenheimer raised their price objective on shares of Onto Innovation from $130.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Onto Innovation presently has an average rating of “Moderate Buy” and a consensus target price of $150.00.

Onto Innovation Trading Down 0.7%

Shares of ONTO opened at $127.01 on Tuesday. The firm has a market cap of $6.22 billion, a P/E ratio of 31.44, a PEG ratio of 0.94 and a beta of 1.64. Onto Innovation Inc. has a 12 month low of $85.88 and a 12 month high of $228.42. The stock’s 50 day moving average is $130.06 and its two-hundred day moving average is $111.38.

Onto Innovation (NYSE:ONTO) last announced its earnings results on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share for the quarter, topping 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 prior year, the company posted $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. Equities research analysts forecast 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.