Invesco Ltd. Decreases Stake in Onto Innovation Inc. $ONTO

Key Points

• Invesco Ltd. reduced its stake in Onto Innovation Inc. by 6.7% during the first quarter, owning approximately 2.69% of the company now worth about $159.3 million.
• Onto Innovation reported quarterly earnings of $1.25 EPS, slightly missing analysts' expectations, but saw a 4.7% increase in revenue from the previous year.
• Analysts have mixed expectations for Onto Innovation's stock, with price targets ranging significantly, reflecting varying opinions on the stock's buy and hold ratings.

Invesco Ltd. reduced its stake in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 6.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,312,495 shares of the semiconductor company's stock after selling 93,539 shares during the period. Invesco Ltd. owned 2.69% of Onto Innovation worth $159,258,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Concurrent Investment Advisors LLC bought a new position in Onto Innovation in the 1st quarter worth about $217,000. GAMMA Investing LLC lifted its position in shares of Onto Innovation by 75.0% in the 1st quarter. GAMMA Investing LLC now owns 1,069 shares of the semiconductor company's stock worth $130,000 after purchasing an additional 458 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in shares of Onto Innovation in the 1st quarter worth approximately $420,000. Oppenheimer Asset Management Inc. lifted its position in shares of Onto Innovation by 16.3% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,211 shares of the semiconductor company's stock worth $875,000 after purchasing an additional 1,013 shares during the period. Finally, State of Alaska Department of Revenue lifted its position in shares of Onto Innovation by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 5,785 shares of the semiconductor company's stock worth $701,000 after purchasing an additional 150 shares during the period. 98.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ONTO. Oppenheimer lowered their price target on shares of Onto Innovation from $150.00 to $130.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. Cantor Fitzgerald lowered their price target on shares of Onto Innovation from $110.00 to $90.00 and set a "neutral" rating for the company in a research report on Tuesday, June 24th. Jefferies Financial Group set a $110.00 price target on shares of Onto Innovation and gave the stock a "hold" rating in a research report on Tuesday, May 20th. B. Riley decreased their target price on shares of Onto Innovation from $160.00 to $145.00 and set a "buy" rating for the company in a research report on Friday, August 8th. Finally, Benchmark decreased their target price on shares of Onto Innovation from $190.00 to $160.00 and set a "buy" rating for the company in a research report on Friday, August 8th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $137.86.

Onto Innovation Stock Down 0.4%

Shares of NYSE:ONTO traded down $0.3870 during midday trading on Tuesday, reaching $108.2730. The company's stock had a trading volume of 167,376 shares, compared to its average volume of 1,258,894. The firm has a market capitalization of $5.31 billion, a PE ratio of 26.79, a P/E/G ratio of 0.72 and a beta of 1.44. Onto Innovation Inc. has a twelve month low of $85.88 and a twelve month high of $228.42. The stock has a fifty day moving average of $99.86 and a 200 day moving average of $118.69.

Onto Innovation (NYSE:ONTO - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $253.60 million during the quarter, compared to analyst estimates of $250.56 million. Onto Innovation had a return on equity of 14.38% and a net margin of 19.29%.The firm's revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.32 EPS. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. Sell-side analysts anticipate that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal 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.