Bayforest Capital Ltd Makes New Investment in Onto Innovation Inc. $ONTO

Key Points

• Bayforest Capital Ltd has acquired a new position in Onto Innovation Inc. (NYSE: ONTO) by purchasing 6,124 shares valued at approximately $618,000 during the 2nd quarter.
• Analysts have given Onto Innovation a consensus rating of "Moderate Buy" with price targets ranging from $120.00 to $180.00, indicating expected growth potential.
• Onto Innovation reported $1.25 EPS for the last quarter, which was slightly below analysts' expectations, but revenue increased by 4.7% year-over-year.

Bayforest Capital Ltd bought a new position in Onto Innovation Inc. (NYSE:ONTO - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 6,124 shares of the semiconductor company's stock, valued at approximately $618,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Banque Cantonale Vaudoise purchased a new stake in Onto Innovation in the 1st quarter worth approximately $29,000. Migdal Insurance & Financial Holdings Ltd. lifted 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 worth $30,000 after purchasing an additional 108 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of Onto Innovation by 3,700.0% in the 1st quarter. Larson Financial Group LLC now owns 266 shares of the semiconductor company's stock worth $32,000 after buying an additional 259 shares during the last quarter. Berbice Capital Management LLC increased its holdings in shares of Onto Innovation by 33.3% in the 1st quarter. Berbice Capital Management LLC now owns 400 shares of the semiconductor company's stock worth $49,000 after buying an additional 100 shares during the last quarter. Finally, Brooklyn Investment Group increased its holdings in shares of Onto Innovation by 3,690.9% in the 1st quarter. Brooklyn Investment Group now owns 417 shares of the semiconductor company's stock worth $51,000 after buying an additional 406 shares during the last quarter. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ONTO shares. Weiss Ratings reissued a "hold (c)" rating on shares of Onto Innovation in a report on Wednesday, October 8th. Oppenheimer increased their price target on shares of Onto Innovation from $130.00 to $180.00 and gave the stock an "outperform" rating in a report on Tuesday. B. Riley increased their price target on shares of Onto Innovation from $145.00 to $170.00 and gave the stock a "buy" rating in a report on Friday. Benchmark decreased their price target on shares of Onto Innovation from $190.00 to $160.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Finally, Stifel Nicolaus increased their price target on shares of Onto Innovation from $110.00 to $120.00 and gave the stock a "hold" rating in a report on Monday. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, Onto Innovation currently has a consensus rating of "Moderate Buy" and an average target price of $148.57.

Onto Innovation Stock Performance

ONTO stock opened at $130.42 on Wednesday. Onto Innovation Inc. has a 52 week low of $85.88 and a 52 week high of $228.42. The firm's fifty day moving average is $116.58 and its 200 day moving average is $109.00. The firm has a market cap of $6.39 billion, a P/E ratio of 32.28, a P/E/G ratio of 0.88 and a beta of 1.61.

Onto Innovation (NYSE:ONTO - Get Free Report) last announced its quarterly earnings results 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). The firm had revenue of $253.60 million during the quarter, compared to the consensus estimate of $250.56 million. Onto Innovation had a return on equity of 14.38% and a net margin of 19.29%.Onto Innovation's revenue was up 4.7% on a year-over-year basis. During the same period last year, the business earned $1.32 EPS. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. As a group, analysts forecast 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.

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