12,291 Shares in Onto Innovation Inc. $ONTO Purchased by ARGA Investment Management LP

Key Points

• ARGA Investment Management LP acquired 12,291 shares of Onto Innovation Inc. during the second quarter, with a total investment of approximately $1.241 million.
• Institutional investors now own 98.35% of Onto Innovation's stock, reflecting substantial interest from major financial players.
• Analysts have mixed ratings for Onto Innovation, with five assigning a "Buy" rating and an average target price of $148.57, indicating positive expectations for the stock.

ARGA Investment Management LP acquired a new stake in Onto Innovation Inc. (NYSE:ONTO - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 12,291 shares of the semiconductor company's stock, valued at approximately $1,241,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise purchased a new position in shares of Onto Innovation in the first quarter worth about $29,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Onto Innovation by 79.4% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 244 shares of the semiconductor company's stock valued at $30,000 after buying an additional 108 shares in the last quarter. Larson Financial Group LLC boosted its holdings in 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 buying an additional 259 shares during the period. Berbice Capital Management LLC grew its stake in Onto Innovation by 33.3% in the 1st quarter. Berbice Capital Management LLC now owns 400 shares of the semiconductor company's stock valued at $49,000 after buying an additional 100 shares in the last quarter. Finally, Brooklyn Investment Group grew its stake in Onto Innovation by 3,690.9% in the 1st quarter. Brooklyn Investment Group now owns 417 shares of the semiconductor company's stock valued at $51,000 after buying an additional 406 shares in the last quarter. Institutional investors own 98.35% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on ONTO. Benchmark dropped their target price on Onto Innovation from $190.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. B. Riley boosted their price objective on Onto Innovation from $145.00 to $170.00 and gave the company a "buy" rating in a research note on Friday, October 10th. Jefferies Financial Group upgraded 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 research note on Tuesday, September 23rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Onto Innovation in a report on Wednesday, October 8th. Finally, Stifel Nicolaus increased their price objective on Onto Innovation from $110.00 to $120.00 and gave the stock a "hold" rating in a research report on Monday, October 13th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $148.57.

Onto Innovation Stock Performance

Shares of Onto Innovation stock opened at $132.13 on Friday. The stock has a market capitalization of $6.48 billion, a price-to-earnings ratio of 32.71, a P/E/G ratio of 0.86 and a beta of 1.61. The company's 50 day moving average price is $120.76 and its 200-day moving average price is $109.86. 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 posted its earnings results on Thursday, August 7th. The semiconductor company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.02). Onto Innovation had a return on equity of 14.38% and a net margin of 19.29%.The business had revenue of $253.60 million during the quarter, compared to the consensus estimate of $250.56 million. During the same period in the previous year, the business earned $1.32 earnings per share. The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. As a group, equities research analysts forecast that Onto Innovation Inc. will post 6.26 earnings per share 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.

Want to see what other hedge funds are holding ONTO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Onto Innovation Inc. (NYSE:ONTO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.