Charles Schwab Investment Management Inc. Buys 8,539 Shares of Onto Innovation Inc. $ONTO

Charles Schwab Investment Management Inc. boosted its holdings in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 2.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 349,925 shares of the semiconductor company's stock after buying an additional 8,539 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.72% of Onto Innovation worth $42,460,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ONTO. Massachusetts Financial Services Co. MA raised its holdings in shares of Onto Innovation by 48.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,291,415 shares of the semiconductor company's stock worth $156,700,000 after acquiring an additional 421,165 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of Onto Innovation in the first quarter valued at approximately $31,175,000. D. E. Shaw & Co. Inc. lifted its holdings in shares of Onto Innovation by 8,504.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 222,330 shares of the semiconductor company's stock valued at $37,056,000 after purchasing an additional 219,746 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of Onto Innovation by 80.9% during the fourth quarter. Lazard Asset Management LLC now owns 412,720 shares of the semiconductor company's stock valued at $68,786,000 after buying an additional 184,612 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Onto Innovation by 21,129.5% during the first quarter. GAMMA Investing LLC now owns 129,712 shares of the semiconductor company's stock worth $15,739,000 after buying an additional 129,101 shares in the last quarter. 98.35% of the stock is owned by institutional investors.

Onto Innovation Trading Down 1.1%

Shares of NYSE:ONTO traded down $1.1410 during mid-day trading on Tuesday, reaching $107.5190. The company had a trading volume of 1,026,502 shares, compared to its average volume of 1,547,220. Onto Innovation Inc. has a one year low of $85.88 and a one year high of $228.42. The company's 50-day moving average price is $99.99 and its 200-day moving average price is $118.61. The firm has a market cap of $5.27 billion, a price-to-earnings ratio of 26.61, a PEG ratio of 0.73 and a beta of 1.44.

Onto Innovation (NYSE:ONTO - Get Free Report) last released its 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). Onto Innovation had a return on equity of 14.38% and a net margin of 19.29%.The firm had revenue of $253.60 million during the quarter, compared to analysts' expectations of $250.56 million. During the same period in the prior year, the business earned $1.32 earnings per share. The business's quarterly revenue was up 4.7% compared to the same quarter last year. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. On average, research analysts anticipate that Onto Innovation Inc. will post 6.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ONTO has been the topic of several recent analyst reports. Wall Street Zen upgraded Onto Innovation from a "sell" rating to a "hold" rating in a research note on Saturday, May 17th. B. Riley lowered their target price on shares of Onto Innovation from $160.00 to $145.00 and set a "buy" rating for the company in a report on Friday, August 8th. Cantor Fitzgerald cut their price target on shares of Onto Innovation from $110.00 to $90.00 and set a "neutral" rating on the stock in a report on Tuesday, June 24th. Jefferies Financial Group set a $110.00 price objective on shares of Onto Innovation and gave the stock a "hold" rating in a research report on Tuesday, May 20th. Finally, Needham & Company LLC decreased their price objective on shares of Onto Innovation from $230.00 to $150.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Onto Innovation presently has a consensus rating of "Moderate Buy" and a consensus price target 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.