Hsbc Holdings PLC Raises Stock Holdings in Onto Innovation Inc. $ONTO

Key Points

• Hsbc Holdings PLC increased its stake in Onto Innovation Inc. by 224.2% in Q1, owning 39,239 shares valued at approximately $4.65 million by quarter-end.
• Several institutional investors have made significant purchases, with 98.35% of the stock owned by institutional investors, indicating strong confidence in Onto Innovation.
• The company reported a net margin of 19.29% for the last quarter, with a quarterly revenue of $253.60 million, slightly exceeding analysts' expectations.

Hsbc Holdings PLC lifted its holdings in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 224.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,239 shares of the semiconductor company's stock after acquiring an additional 27,136 shares during the quarter. Hsbc Holdings PLC owned 0.08% of Onto Innovation worth $4,651,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ONTO. Massachusetts Financial Services Co. MA grew its holdings in Onto Innovation by 48.4% during the first 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 period. Vaughan Nelson Investment Management L.P. bought a new position in Onto Innovation during the first quarter valued at $31,175,000. D. E. Shaw & Co. Inc. grew its holdings in Onto Innovation by 8,504.1% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 222,330 shares of the semiconductor company's stock valued at $37,056,000 after purchasing an additional 219,746 shares during the period. Nuveen LLC bought a new position in Onto Innovation during the first quarter valued at $25,853,000. Finally, Lazard Asset Management LLC grew its holdings in Onto Innovation by 80.9% during the fourth quarter. Lazard Asset Management LLC now owns 412,720 shares of the semiconductor company's stock valued at $68,786,000 after purchasing an additional 184,612 shares during the period. 98.35% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ONTO shares. Jefferies Financial Group set a $110.00 price target on Onto Innovation and gave the stock a "hold" rating in a report on Tuesday, May 20th. B. Riley cut 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. Needham & Company LLC cut their price target on Onto Innovation from $230.00 to $150.00 and set a "buy" rating for the company in a report on Friday, May 9th. Benchmark cut their price target on Onto Innovation from $190.00 to $160.00 and set a "buy" rating for the company in a report on Friday, August 8th. Finally, Oppenheimer cut their price target on 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 stock. According to data from MarketBeat.com, Onto Innovation presently has a consensus rating of "Moderate Buy" and a consensus target price of $137.86.

Onto Innovation Stock Performance

NYSE:ONTO opened at $108.34 on Tuesday. The firm has a market capitalization of $5.31 billion, a price-to-earnings ratio of 26.82, a P/E/G ratio of 0.73 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. The stock has a fifty day moving average of $100.68 and a 200 day moving average of $115.38.

Onto Innovation (NYSE:ONTO - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $1.25 earnings per share for the quarter, missing analysts' consensus estimates of $1.27 by ($0.02). Onto Innovation had a net margin of 19.29% and a return on equity of 14.38%. The firm had revenue of $253.60 million for the quarter, compared to analysts' expectations of $250.56 million. During the same quarter in the previous year, the business earned $1.32 EPS. The company'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. Equities analysts forecast that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal 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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