111 Capital Invests $474,000 in Onto Innovation Inc. $ONTO

Key Points

• 111 Capital invested approximately $474,000 in Onto Innovation by purchasing 4,700 shares during the second quarter, indicating growing institutional interest in the semiconductor company.
• Recent brokerages have adjusted their target prices for Onto Innovation, with varied ratings, including a downgrade from B. Riley to $145 and an upgrade from Jefferies Financial Group to $170.
• Onto Innovation reported a Q2 earnings miss with $1.25 EPS, slightly below the consensus estimate, but showed a year-over-year revenue increase of 4.7%, earning $253.60 million for the quarter.

111 Capital purchased a new stake in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,700 shares of the semiconductor company's stock, valued at approximately $474,000.

Other institutional investors also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise acquired a new stake in Onto Innovation during the first quarter valued at approximately $29,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings 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 worth $30,000 after acquiring an additional 108 shares in the last quarter. Larson Financial Group LLC boosted its holdings in shares of Onto Innovation by 3,700.0% in 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. Berbice Capital Management LLC boosted its holdings in shares of Onto Innovation by 33.3% in the 1st quarter. Berbice Capital Management LLC now owns 400 shares of the semiconductor company's stock worth $49,000 after acquiring an additional 100 shares in the last quarter. Finally, Brooklyn Investment Group boosted its holdings in shares of Onto Innovation by 3,690.9% in the 1st quarter. Brooklyn Investment Group now owns 417 shares of the semiconductor company's stock worth $51,000 after acquiring an additional 406 shares in the last quarter. 98.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ONTO. B. Riley reduced their target price on Onto Innovation from $160.00 to $145.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Cantor Fitzgerald reduced their target price on Onto Innovation from $110.00 to $90.00 and set a "neutral" rating on the stock in a report on Tuesday, June 24th. Benchmark dropped their price objective on shares of Onto Innovation from $190.00 to $160.00 and set a "buy" rating for the company in a research report on Friday, August 8th. Weiss Ratings restated a "hold (c)" rating on shares of Onto Innovation in a research report on Saturday, September 27th. Finally, Jefferies Financial Group upgraded shares of Onto Innovation from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $100.00 to $170.00 in a research report on Tuesday, September 23rd. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $146.43.

Onto Innovation Stock Performance

Shares of Onto Innovation stock opened at $144.10 on Monday. The firm has a fifty day moving average of $111.53 and a two-hundred day moving average of $108.78. The stock has a market capitalization of $7.06 billion, a price-to-earnings ratio of 35.67, a PEG ratio of 0.97 and a beta of 1.61. Onto Innovation Inc. has a 52 week low of $85.88 and a 52 week high of $228.42.

Onto Innovation (NYSE:ONTO - Get Free Report) last issued its earnings results on Thursday, August 7th. The semiconductor company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.02). The business had revenue of $253.60 million for the quarter, compared to the consensus estimate of $250.56 million. Onto Innovation had a net margin of 19.29% and a return on equity of 14.38%. The business's revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.32 EPS. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. As a group, research analysts forecast that Onto Innovation Inc. will post 6.26 EPS for the current fiscal year.

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.

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