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 acquired a new stake in Onto Innovation Inc. (NYSE:ONTO - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 2,751 shares of the semiconductor company's stock, valued at approximately $334,000.

Several other institutional investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its position in shares of Onto Innovation by 48.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,291,415 shares of the semiconductor company's stock valued at $156,700,000 after purchasing an additional 421,165 shares during the last quarter. Geneva Capital Management LLC grew its position in Onto Innovation by 0.5% during the 1st quarter. Geneva Capital Management LLC now owns 1,015,323 shares of the semiconductor company's stock worth $123,199,000 after purchasing an additional 4,632 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Onto Innovation by 12.6% during the first quarter. Wellington Management Group LLP now owns 489,413 shares of the semiconductor company's stock worth $59,385,000 after buying an additional 54,607 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of Onto Innovation by 32.0% in the fourth quarter. Royal Bank of Canada now owns 485,408 shares of the semiconductor company's stock worth $80,903,000 after buying an additional 117,798 shares in the last quarter. Finally, Northern Trust Corp raised its position in Onto Innovation by 21.7% in the fourth quarter. Northern Trust Corp now owns 479,478 shares of the semiconductor company's stock valued at $79,915,000 after purchasing an additional 85,492 shares during the period. Hedge funds and other institutional investors own 98.35% of the company's stock.

Wall Street Analysts Forecast Growth

ONTO has been the topic of several research reports. B. Riley lowered their price objective on shares of Onto Innovation from $160.00 to $145.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. Needham & Company LLC dropped 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 report on Friday, May 9th. Oppenheimer decreased their price objective 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. Jefferies Financial Group set a $110.00 target price on Onto Innovation and gave the stock a "hold" rating in a research report on Tuesday, May 20th. Finally, Cantor Fitzgerald cut their target price on Onto Innovation from $110.00 to $90.00 and set a "neutral" rating for the company in a research report on Tuesday, June 24th. 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, the company currently has a consensus rating of "Moderate Buy" and an average price target of $137.86.

Onto Innovation Stock Down 0.6%

ONTO traded down $0.60 during trading hours on Wednesday, hitting $108.29. 109,014 shares of the company's stock were exchanged, compared to its average volume of 1,246,570. The stock's 50-day moving average is $100.92 and its two-hundred day moving average is $115.34. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 0.73 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 released its earnings results on Thursday, August 7th. The semiconductor company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.02). The firm had revenue of $253.60 million during the quarter, compared to the consensus estimate of $250.56 million. Onto Innovation had a net margin of 19.29% and a return on equity of 14.38%. Onto Innovation's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.32 earnings per share. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. On average, equities research analysts anticipate that Onto Innovation Inc. will post 6.26 EPS for the current year.

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.