American Century Companies Inc. Sells 42,999 Shares of Onto Innovation Inc. $ONTO

Key Points

• American Century Companies Inc. reduced its stake in Onto Innovation Inc. by 16.2%, holding 221,614 shares after selling 42,999 shares during the first quarter.
• Several large investors increased their positions in Onto Innovation, with notable increases including a 177.6% rise by MassMutual Private Wealth & Trust FSB and a 3,700% increase by Larson Financial Group LLC in the same quarter.
• Analysts have mixed ratings for Onto Innovation, with price targets ranging from $90.00 to $160.00 and a consensus rating of "Moderate Buy."

American Century Companies Inc. reduced its stake in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 16.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 221,614 shares of the semiconductor company's stock after selling 42,999 shares during the period. American Century Companies Inc. owned approximately 0.45% of Onto Innovation worth $26,891,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ONTO. MassMutual Private Wealth & Trust FSB grew its stake in shares of Onto Innovation by 177.6% in the first 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 during the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Onto Innovation in the first quarter worth $29,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Onto Innovation by 79.4% in the first 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 during the last quarter. Larson Financial Group LLC grew its stake in shares of Onto Innovation by 3,700.0% in the first quarter. Larson Financial Group LLC now owns 266 shares of the semiconductor company's stock worth $32,000 after acquiring an additional 259 shares during the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Onto Innovation in the fourth quarter worth $38,000. 98.35% of the stock is owned by hedge funds and other institutional investors.

Onto Innovation Stock Down 1.4%

NYSE:ONTO traded down $1.51 on Wednesday, hitting $107.38. The stock had a trading volume of 259,634 shares, compared to its average volume of 1,247,505. The stock has a market cap of $5.26 billion, a price-to-earnings ratio of 26.58, a price-to-earnings-growth ratio of 0.73 and a beta of 1.44. The business's 50-day simple moving average is $100.92 and its two-hundred day simple moving average is $115.34. 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 announced 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). The firm had revenue of $253.60 million during 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% on a year-over-year basis. During the same period in the previous year, the business posted $1.32 earnings per share. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. As a group, equities research analysts anticipate that Onto Innovation Inc. will post 6.26 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ONTO shares. Benchmark cut their target price on Onto Innovation from $190.00 to $160.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. Oppenheimer cut their target price on Onto Innovation from $150.00 to $130.00 and set an "outperform" rating on the stock in a research note on Friday, May 9th. Cantor Fitzgerald cut their target price on Onto Innovation from $110.00 to $90.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 24th. B. Riley cut their target price on Onto Innovation from $160.00 to $145.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. Finally, Jefferies Financial Group set a $110.00 price objective on Onto Innovation and gave the company a "hold" rating in a research report on Tuesday, May 20th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Onto Innovation presently has an average rating of "Moderate Buy" and a consensus target price of $137.86.

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.