Amundi Purchases 231,629 Shares of Onto Innovation Inc. $ONTO

Amundi boosted its stake in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 199.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 347,900 shares of the semiconductor company's stock after buying an additional 231,629 shares during the quarter. Amundi owned approximately 0.71% of Onto Innovation worth $42,214,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Banque Cantonale Vaudoise acquired a new stake in Onto Innovation in the 1st quarter valued at $29,000. MassMutual Private Wealth & Trust FSB boosted its stake in Onto Innovation by 177.6% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 236 shares of the semiconductor company's stock valued at $29,000 after buying an additional 151 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Onto Innovation by 79.4% in 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 stake in 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 purchasing an additional 259 shares in the last quarter. Finally, Berbice Capital Management LLC boosted its stake in Onto Innovation by 33.3% in the first quarter. Berbice Capital Management LLC now owns 400 shares of the semiconductor company's stock worth $49,000 after purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 98.35% of the company's stock.

Analyst Ratings Changes

ONTO has been the topic of a number of recent analyst reports. B. Riley reduced their price objective 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. Wall Street Zen upgraded Onto Innovation from a "sell" rating to a "hold" rating in a report on Saturday, May 17th. Benchmark lowered their price target on Onto Innovation from $190.00 to $160.00 and set a "buy" rating for the company 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, Cantor Fitzgerald lowered their price target on Onto Innovation from $110.00 to $90.00 and set a "neutral" rating for the company in a report on Tuesday, June 24th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $137.86.

Onto Innovation Stock Performance

NYSE ONTO traded up $3.62 during trading hours on Friday, hitting $111.87. 539,295 shares of the company traded hands, compared to its average volume of 1,230,625. The business's 50-day moving average is $102.54 and its 200-day moving average is $110.27. Onto Innovation Inc. has a twelve month low of $85.88 and a twelve month high of $228.42. The stock has a market capitalization of $5.48 billion, a price-to-earnings ratio of 27.71, a P/E/G ratio of 0.72 and a beta of 1.58.

Onto Innovation (NYSE:ONTO - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $1.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.27 by ($0.02). Onto Innovation had a net margin of 19.29% and a return on equity of 14.38%. The business had revenue of $253.60 million during the quarter, compared to analyst estimates of $250.56 million. During the same period in the previous year, the business earned $1.32 earnings per share. The business's quarterly revenue was up 4.7% on a year-over-year basis. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. Analysts predict 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.