Deutsche Bank AG Purchases 25,953 Shares of Onto Innovation Inc. $ONTO

Key Points

• Deutsche Bank AG increased its stake in Onto Innovation Inc. by 26.4% in the first quarter, owning approximately $15.06 million worth of shares.
• Several hedge funds have recently adjusted their positions in Onto Innovation, resulting in 98.35% of the stock being owned by institutional investors.
• Analysts have varied opinions on Onto Innovation, with a consensus rating of "Moderate Buy" and an average price target of $137.86.

Deutsche Bank AG boosted its position in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 26.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 124,142 shares of the semiconductor company's stock after purchasing an additional 25,953 shares during the period. Deutsche Bank AG owned 0.25% of Onto Innovation worth $15,063,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ONTO. Russell Investments Group Ltd. grew its position in Onto Innovation by 13.7% during the 4th quarter. Russell Investments Group Ltd. now owns 13,622 shares of the semiconductor company's stock worth $2,270,000 after purchasing an additional 1,640 shares in the last quarter. Sterling Capital Management LLC grew its position in Onto Innovation by 46.0% during the 4th quarter. Sterling Capital Management LLC now owns 2,360 shares of the semiconductor company's stock worth $393,000 after purchasing an additional 744 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new position in Onto Innovation during the 4th quarter worth approximately $9,684,000. Barclays PLC grew its position in Onto Innovation by 32.7% during the 4th quarter. Barclays PLC now owns 288,152 shares of the semiconductor company's stock worth $48,028,000 after purchasing an additional 70,962 shares in the last quarter. Finally, Jump Financial LLC grew its holdings in shares of Onto Innovation by 363.3% during the 4th quarter. Jump Financial LLC now owns 24,656 shares of the semiconductor company's stock valued at $4,109,000 after acquiring an additional 19,334 shares in the last quarter. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

Onto Innovation Stock Performance

Shares of ONTO traded down $0.5970 during trading hours on Tuesday, reaching $108.0630. 152,083 shares of the company traded hands, compared to its average volume of 1,258,586. The stock's fifty day moving average is $99.86 and its 200 day moving average is $118.69. The stock has a market cap of $5.30 billion, a P/E ratio of 26.73, a price-to-earnings-growth ratio of 0.72 and a beta of 1.44. Onto Innovation Inc. has a 1-year low of $85.88 and a 1-year high of $228.42.

Onto Innovation (NYSE:ONTO - Get Free Report) last posted its quarterly 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). Onto Innovation had a return on equity of 14.38% and a net margin of 19.29%.The business had revenue of $253.60 million during the quarter, compared to analyst estimates of $250.56 million. During the same period last year, the company earned $1.32 EPS. The business's revenue for the quarter 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, equities research analysts predict that Onto Innovation Inc. will post 6.26 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Cantor Fitzgerald lowered 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. Benchmark decreased their price objective on shares of Onto Innovation from $190.00 to $160.00 and set a "buy" rating for the company in a report on Friday, August 8th. 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 report on Friday, May 9th. Wall Street Zen upgraded shares of Onto Innovation from a "sell" rating to a "hold" rating in a report on Saturday, May 17th. Finally, Jefferies Financial Group set a $110.00 price objective on shares of Onto Innovation and gave the stock a "hold" rating in a report on Tuesday, May 20th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $137.86.

Onto Innovation 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.