Counterpoint Mutual Funds LLC Acquires Shares of 3,123 Onto Innovation Inc. $ONTO

Key Points

• Counterpoint Mutual Funds LLC has acquired 3,123 shares of Onto Innovation Inc., valued at approximately $315,000, during the second quarter.
• The stock of Onto Innovation is currently trading down by 4.3%, with a price of $130.84 and a market cap of $6.41 billion.
• Analysts have rated Onto Innovation with a consensus rating of "Moderate Buy", with an average price target of $146.43 despite varied adjustments in price targets from several institutions.

Counterpoint Mutual Funds LLC acquired a new stake in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,123 shares of the semiconductor company's stock, valued at approximately $315,000.

A number of other institutional investors have also modified their holdings of the stock. MassMutual Private Wealth & Trust FSB raised its holdings 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 worth $29,000 after purchasing an additional 151 shares during the period. Banque Cantonale Vaudoise acquired a new position in Onto Innovation in the 1st quarter worth about $29,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings 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 during the period. Larson Financial Group LLC raised its holdings in 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 purchasing an additional 259 shares during the period. Finally, Berbice Capital Management LLC raised its holdings in 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 purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 98.35% of the company's stock.

Onto Innovation Trading Down 4.3%

NYSE:ONTO opened at $130.84 on Thursday. Onto Innovation Inc. has a 12 month low of $85.88 and a 12 month high of $228.42. The stock has a 50 day moving average of $106.52 and a two-hundred day moving average of $109.12. The firm has a market cap of $6.41 billion, a P/E ratio of 32.39, a price-to-earnings-growth ratio of 0.93 and a beta of 1.58.

Onto Innovation (NYSE:ONTO - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $1.25 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $250.56 million. During the same quarter last year, the firm posted $1.32 earnings per share. Onto Innovation'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. On average, research analysts forecast that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ONTO shares. Cantor Fitzgerald reduced 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. Jefferies Financial Group raised Onto Innovation from a "hold" rating to a "buy" rating and upped their price target for the stock from $100.00 to $170.00 in a report on Tuesday. B. Riley reduced their price target on Onto Innovation from $160.00 to $145.00 and set a "buy" rating for the company in a report on Friday, August 8th. Finally, Benchmark cut their price objective on Onto Innovation from $190.00 to $160.00 and set a "buy" rating for the company in a research note on Friday, August 8th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Onto Innovation has a consensus rating of "Moderate Buy" and an average price target of $146.43.

Onto Innovation Company Profile

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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