Onto Innovation Inc. $ONTO Shares Purchased by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. increased its holdings in Onto Innovation by 50.5%, owning approximately $40.28 million in shares by the end of the last quarter.
• Several institutional investors significantly boosted their stakes in Onto Innovation during the first quarter, contributing to 98.35% institutional ownership of the company's stock.
• Onto Innovation reported $1.25 EPS, slightly missing analyst estimates, with a revenue increase of 4.7% year-over-year and guidance set for Q3 2025 of 0.750-0.950 EPS.

Alliancebernstein L.P. increased its position in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 50.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 331,996 shares of the semiconductor company's stock after purchasing an additional 111,372 shares during the quarter. Alliancebernstein L.P. owned 0.68% of Onto Innovation worth $40,284,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC bought a new position in Onto Innovation during the first quarter worth $217,000. GAMMA Investing LLC lifted its stake in Onto Innovation by 75.0% during the first quarter. GAMMA Investing LLC now owns 1,069 shares of the semiconductor company's stock worth $130,000 after purchasing an additional 458 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in Onto Innovation during the first quarter worth $420,000. Oppenheimer Asset Management Inc. lifted its stake in Onto Innovation by 16.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 7,211 shares of the semiconductor company's stock worth $875,000 after purchasing an additional 1,013 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in Onto Innovation by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 5,785 shares of the semiconductor company's stock worth $701,000 after purchasing an additional 150 shares during the last quarter. 98.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ONTO has been the topic of several analyst reports. B. Riley dropped their target price on Onto Innovation from $160.00 to $145.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. Jefferies Financial Group set a $110.00 target price on Onto Innovation and gave the stock a "hold" rating in a research report on Tuesday, May 20th. 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. Wall Street Zen raised Onto Innovation from a "sell" rating to a "hold" rating in a research report on Saturday, May 17th. Finally, Cantor Fitzgerald dropped their target price on Onto Innovation from $110.00 to $90.00 and set a "neutral" rating on the stock in a research report on Tuesday, June 24th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $137.86.

Onto Innovation Price Performance

Shares of ONTO traded up $2.85 during trading hours on Friday, reaching $111.10. 1,544,526 shares of the company's stock traded hands, compared to its average volume of 930,742. The firm has a market capitalization of $5.44 billion, a price-to-earnings ratio of 27.50, a P/E/G ratio of 0.73 and a beta of 1.58. Onto Innovation Inc. has a twelve month low of $85.88 and a twelve month high of $228.42. The business's fifty day simple moving average is $102.73 and its two-hundred day simple moving average is $109.68.

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

About Onto Innovation

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.