Diversified Trust Co Takes Position in Onto Innovation Inc. $ONTO

Key Points

• Diversified Trust Co recently acquired a new stake in Onto Innovation Inc. by purchasing 2,735 shares valued at approximately $276,000 during the second quarter.
• Analysts have mixed views on ONTO, with benchmark target prices ranging from $90.00 to $170.00, while the stock currently holds an average rating of "Moderate Buy" and a target price of $146.43.
• Despite a 4.3% decline in share price, Onto Innovation reported $1.25 EPS in its latest quarterly earnings, missing estimates, but showed revenue growth of 4.7% year-over-year.

Diversified Trust Co bought a new stake in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,735 shares of the semiconductor company's stock, valued at approximately $276,000.

Other institutional investors have also recently modified their holdings of the company. Jennison Associates LLC grew its holdings in Onto Innovation by 2.9% in the first quarter. Jennison Associates LLC now owns 3,142 shares of the semiconductor company's stock valued at $381,000 after purchasing an additional 90 shares during the period. Crossmark Global Holdings Inc. grew its stake in Onto Innovation by 2.6% in the 1st quarter. Crossmark Global Holdings Inc. now owns 3,860 shares of the semiconductor company's stock valued at $468,000 after acquiring an additional 98 shares during the period. Peterson Wealth Services grew its stake in Onto Innovation by 2.2% in the 1st quarter. Peterson Wealth Services now owns 4,585 shares of the semiconductor company's stock valued at $556,000 after acquiring an additional 98 shares during the period. State of Michigan Retirement System grew its stake in Onto Innovation by 0.9% in the 1st quarter. State of Michigan Retirement System now owns 11,800 shares of the semiconductor company's stock valued at $1,432,000 after acquiring an additional 100 shares during the period. Finally, Berbice Capital Management LLC grew its stake in Onto Innovation by 33.3% in the 1st quarter. Berbice Capital Management LLC now owns 400 shares of the semiconductor company's stock valued at $49,000 after acquiring an additional 100 shares during the period. 98.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ONTO shares. Benchmark dropped their target price on shares of Onto Innovation from $190.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. Jefferies Financial Group upgraded Onto Innovation from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $100.00 to $170.00 in a report on Tuesday. Cantor Fitzgerald lowered their price objective on Onto Innovation from $110.00 to $90.00 and set a "neutral" rating on the stock in a report on Tuesday, June 24th. Finally, B. Riley lowered their price target 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. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $146.43.

Onto Innovation Trading Down 4.3%

Shares of ONTO stock opened at $130.84 on Thursday. The company's 50-day moving average price is $106.52 and its 200-day moving average price is $109.12. The stock has a market cap of $6.41 billion, a price-to-earnings ratio of 32.39, a PEG ratio of 0.93 and a beta of 1.58. Onto Innovation Inc. has a twelve month low of $85.88 and a twelve month high of $228.42.

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 for the quarter, missing the consensus estimate of $1.27 by ($0.02). The firm had revenue of $253.60 million for the quarter, compared to analyst estimates of $250.56 million. Onto Innovation had a net margin of 19.29% and a return on equity of 14.38%. The company's revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.32 EPS. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. As a group, equities research 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.

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