Nuveen LLC Takes Position in Onto Innovation Inc. $ONTO

Nuveen LLC purchased a new position in Onto Innovation Inc. (NYSE:ONTO - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 213,063 shares of the semiconductor company's stock, valued at approximately $25,853,000. Nuveen LLC owned approximately 0.44% of Onto Innovation at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Jennison Associates LLC boosted its holdings in Onto Innovation by 2.9% in the first quarter. Jennison Associates LLC now owns 3,142 shares of the semiconductor company's stock worth $381,000 after acquiring an additional 90 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in Onto Innovation by 2.6% in the first quarter. Crossmark Global Holdings Inc. now owns 3,860 shares of the semiconductor company's stock worth $468,000 after buying an additional 98 shares in the last quarter. Peterson Wealth Services grew its position in shares of Onto Innovation by 2.2% during the first quarter. Peterson Wealth Services now owns 4,585 shares of the semiconductor company's stock worth $556,000 after purchasing an additional 98 shares in the last quarter. State of Michigan Retirement System boosted its stake in Onto Innovation by 0.9% during the first quarter. State of Michigan Retirement System now owns 11,800 shares of the semiconductor company's stock valued at $1,432,000 after buying an additional 100 shares during the last quarter. Finally, Berbice Capital Management LLC boosted its stake in Onto Innovation by 33.3% during the first 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 during the last quarter. 98.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Cantor Fitzgerald reduced their price target on Onto Innovation from $110.00 to $90.00 and set a "neutral" rating on the stock in a report on Tuesday, June 24th. Needham & Company LLC reduced their price target on Onto Innovation from $230.00 to $150.00 and set a "buy" rating on the stock in a report on Friday, May 9th. B. Riley reduced their price target on Onto Innovation from $160.00 to $145.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Jefferies Financial Group set a $110.00 price target on Onto Innovation and gave the stock a "hold" rating in a report on Tuesday, May 20th. Finally, Oppenheimer reduced their price target on Onto Innovation from $150.00 to $130.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Five 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 currently has an average rating of "Moderate Buy" and a consensus target price of $137.86.

Onto Innovation Stock Performance

ONTO traded down $1.1410 during trading on Tuesday, hitting $107.5190. 1,026,502 shares of the stock were exchanged, compared to its average volume of 1,547,220. The firm has a 50 day simple moving average of $99.99 and a 200 day simple moving average of $118.61. The firm has a market cap of $5.27 billion, a price-to-earnings ratio of 26.61, a P/E/G ratio of 0.73 and a beta of 1.44. Onto Innovation Inc. has a 1 year low of $85.88 and a 1 year high of $228.42.

Onto Innovation (NYSE:ONTO - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $253.60 million for the quarter, compared to analysts' expectations of $250.56 million. Onto Innovation had a return on equity of 14.38% and a net margin of 19.29%.The company's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.32 earnings per share. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. As a group, equities analysts anticipate 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.