EntryPoint Capital LLC Invests $334,000 in Onto Innovation Inc. $ONTO

Key Points

• EntryPoint Capital LLC invested $334,000 in Onto Innovation Inc., acquiring 2,751 shares in the first quarter of the year.
• Institutional investors collectively own 98.35% of Onto Innovation's stock, indicating strong institutional interest in the company.
• The company's stock has faced recent analyst downgrades, with Cantor Fitzgerald reducing their price target from $110.00 to $90.00, while maintaining a "neutral" rating.

EntryPoint Capital LLC bought a new position in Onto Innovation Inc. (NYSE:ONTO - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,751 shares of the semiconductor company's stock, valued at approximately $334,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Johnson Financial Group Inc. bought a new stake in shares of Onto Innovation in the 4th quarter worth about $38,000. Banque Cantonale Vaudoise acquired a new position in shares of Onto Innovation in the 1st quarter valued at about $29,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Onto Innovation by 177.6% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 236 shares of the semiconductor company's stock valued at $29,000 after buying an additional 151 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Onto Innovation by 79.4% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 244 shares of the semiconductor company's stock valued at $30,000 after buying an additional 108 shares during the period. Finally, Larson Financial Group LLC boosted 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 valued at $32,000 after buying an additional 259 shares during the period. Institutional investors own 98.35% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Cantor Fitzgerald decreased their price target on shares of 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 set a $110.00 price target on shares of Onto Innovation and gave the company a "hold" rating in a report on Tuesday, May 20th. Needham & Company LLC decreased their price target 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. B. Riley decreased their price target 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. Finally, Oppenheimer decreased their price target on shares of Onto Innovation from $150.00 to $130.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $137.86.

Onto Innovation Stock Down 0.4%

Onto Innovation stock opened at $105.4610 on Friday. The firm has a 50-day moving average price of $100.22 and a two-hundred day moving average price of $117.88. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 26.10, a PEG ratio of 0.71 and a beta of 1.44. Onto Innovation Inc. has a 52-week low of $85.88 and a 52-week high of $228.42.

Onto Innovation (NYSE:ONTO - Get Free Report) last posted 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). 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 for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.32 earnings per share. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. Research analysts expect that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

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.

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