Onto Innovation Inc. $ONTO Shares Sold by Algert Global LLC

Key Points

• Algert Global LLC has decreased its stake in Onto Innovation Inc. by 11.7%, now holding 30,398 shares valued at $3.69 million.
• Onto Innovation reported a quarterly EPS of $1.25, slightly missing analysts' estimates while revenue increased 4.7% year-over-year.
• The stock currently has a market capitalization of $5.27 billion and a consensus price target of $137.86 according to investment analysts.

Algert Global LLC decreased its stake in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 11.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,398 shares of the semiconductor company's stock after selling 4,040 shares during the quarter. Algert Global LLC owned about 0.06% of Onto Innovation worth $3,688,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ONTO. Johnson Financial Group Inc. purchased a new stake in Onto Innovation in the 4th quarter worth $38,000. Banque Cantonale Vaudoise bought a new stake in Onto Innovation in the 1st quarter worth approximately $29,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Onto Innovation by 177.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 236 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 151 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position 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 acquiring an additional 108 shares during the last quarter. Finally, Larson Financial Group LLC boosted its position in shares of Onto Innovation by 3,700.0% during the 1st quarter. Larson Financial Group LLC now owns 266 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 259 shares during the last quarter. 98.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ONTO shares. Oppenheimer decreased their price objective on Onto Innovation from $150.00 to $130.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Wall Street Zen raised Onto Innovation from a "sell" rating to a "hold" rating in a research note on Saturday, May 17th. Cantor Fitzgerald dropped their price objective on Onto Innovation from $110.00 to $90.00 and set a "neutral" rating for the company in a report on Tuesday, June 24th. Benchmark decreased their target price on Onto Innovation from $190.00 to $160.00 and set a "buy" rating for the company in a research report on Friday, August 8th. Finally, B. Riley reduced their price target on shares of Onto Innovation from $160.00 to $145.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $137.86.

Onto Innovation Trading Up 2.9%

Shares of ONTO traded up $3.0860 during mid-day trading on Friday, hitting $108.5460. The company's stock had a trading volume of 914,933 shares, compared to its average volume of 1,531,992. The company's 50-day moving average is $100.49 and its 200-day moving average is $116.60. 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 $5.32 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 0.73 and a beta of 1.44.

Onto Innovation (NYSE:ONTO - Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $253.60 million for the quarter, compared to analysts' expectations of $250.56 million. Onto Innovation had a net margin of 19.29% and a return on equity of 14.38%. The business's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period 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, sell-side analysts predict that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

Onto Innovation Company 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.