CW Advisors LLC Lowers Stock Position in Onto Innovation Inc. $ONTO

CW Advisors LLC cut its stake in shares of Onto Innovation Inc. (NYSE:ONTO) by 93.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,447 shares of the semiconductor company’s stock after selling 52,353 shares during the period. CW Advisors LLC’s holdings in Onto Innovation were worth $348,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Brooklyn Investment Group boosted its position in shares of Onto Innovation by 3,690.9% during the 1st quarter. Brooklyn Investment Group now owns 417 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 406 shares during the period. SBI Securities Co. Ltd. lifted its stake in Onto Innovation by 148.5% during the second quarter. SBI Securities Co. Ltd. now owns 671 shares of the semiconductor company’s stock worth $68,000 after purchasing an additional 401 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Onto Innovation by 27.2% during the first quarter. Smartleaf Asset Management LLC now owns 697 shares of the semiconductor company’s stock worth $85,000 after buying an additional 149 shares during the period. Signaturefd LLC grew its stake 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 buying an additional 104 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of Onto Innovation by 34.6% in the second quarter. Nisa Investment Advisors LLC now owns 1,362 shares of the semiconductor company’s stock valued at $137,000 after buying an additional 350 shares in the last quarter. 98.35% of the stock is currently owned by institutional investors and hedge funds.

Onto Innovation Stock Performance

Shares of Onto Innovation stock opened at $168.24 on Thursday. The business has a 50-day simple moving average of $137.80 and a 200-day simple moving average of $116.04. Onto Innovation Inc. has a one year low of $85.88 and a one year high of $228.42. The company has a market cap of $8.25 billion, a PE ratio of 47.52, a P/E/G ratio of 1.09 and a beta of 1.48.

Onto Innovation (NYSE:ONTO) last issued 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 net margin of 17.46% and a return on equity of 13.11%. The firm had revenue of $218.19 million for the quarter, compared to analysts’ expectations of $220.23 million. During the same quarter last year, the company earned $1.34 earnings per share. The firm’s revenue was down 13.5% compared to the same quarter last year. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS. On average, sell-side analysts predict that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Stifel Nicolaus raised their target price on Onto Innovation from $110.00 to $120.00 and gave the company a “hold” rating in a report on Monday, October 13th. Oppenheimer increased 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. Weiss Ratings restated a “hold (c)” rating on shares of Onto Innovation in a report on Wednesday, October 8th. Evercore ISI upped their target price on shares of Onto Innovation from $115.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Finally, B. Riley increased their target price on shares of Onto Innovation from $173.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Six investment 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, the company currently has an average rating of “Moderate Buy” and an average price target of $151.25.

Onto Innovation 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.