Emerald Advisers LLC Lowers Stock Position in Onto Innovation Inc. $ONTO

Emerald Advisers LLC lessened its holdings in shares of Onto Innovation Inc. (NYSE:ONTO) by 2.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 127,561 shares of the semiconductor company’s stock after selling 2,589 shares during the period. Emerald Advisers LLC owned 0.26% of Onto Innovation worth $16,483,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC bought a new position in Onto Innovation in the 2nd quarter valued at approximately $258,000. Liberty One Investment Management LLC bought a new stake in shares of Onto Innovation in the 3rd quarter worth $1,408,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Onto Innovation in the second quarter worth $1,997,000. Verdence Capital Advisors LLC purchased a new position in shares of Onto Innovation in the second quarter worth $2,920,000. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Onto Innovation by 211.1% during the third quarter. Assenagon Asset Management S.A. now owns 427,989 shares of the semiconductor company’s stock valued at $55,305,000 after purchasing an additional 290,419 shares in the last quarter. 98.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Onto Innovation in a report on Wednesday, October 8th. Stifel Nicolaus raised their price target on shares of Onto Innovation from $126.00 to $180.00 and gave the company a “hold” rating in a report on Wednesday, January 14th. Jefferies Financial Group lifted their price target on shares of Onto Innovation from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Evercore ISI boosted their price objective on shares of Onto Innovation from $115.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. Finally, Oppenheimer increased their price objective on shares of Onto Innovation from $130.00 to $180.00 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $193.75.

Onto Innovation Stock Up 0.2%

NYSE ONTO opened at $216.65 on Thursday. The company has a 50-day moving average price of $162.85 and a 200-day moving average price of $132.64. Onto Innovation Inc. has a 52 week low of $85.88 and a 52 week high of $228.42. The firm has a market capitalization of $10.62 billion, a P/E ratio of 61.20, a PEG ratio of 1.20 and a beta of 1.46.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Onto Innovation had a net margin of 17.46% and a return on equity of 13.11%. The company had revenue of $218.19 million for the quarter, compared to the consensus estimate of $220.23 million. During the same quarter last year, the firm posted $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. As a group, equities research analysts anticipate that Onto Innovation Inc. will post 6.26 EPS for the current year.

Onto Innovation Company Profile

Onto Innovation (NYSE:ONTO) is a global supplier of advanced process control and inspection systems for semiconductor and electronics manufacturers. The company’s solutions span metrology, inspection, defect review and lithography mask repair, helping customers optimize yield, reduce costs and improve device performance. By integrating high-resolution optical and e-beam tools with sophisticated software analytics, Onto Innovation enables wafer, mask and advanced packaging producers to maintain tight process control across leading-edge nodes and specialty applications.

Key products include high-throughput wafer metrology systems, optical and e-beam defect inspection platforms, mask inspection and repair tools, and data-driven software for yield management and process optimization.