Janney Montgomery Scott LLC Has $1.09 Million Stock Position in Onto Innovation Inc. $ONTO

Key Points

• Janney Montgomery Scott LLC increased its stake in Onto Innovation by 507.7% during the second quarter, acquiring a total of 10,780 shares valued at approximately $1.09 million.
• Various institutional investors have shown interest in Onto Innovation, with 98.35% of its stock owned by institutional investors and hedge funds.
• Analysts have mixed ratings on Onto Innovation, with a consensus rating of "Moderate Buy" and an average price target of $141.43, following recent boosts in target prices by several firms.

Janney Montgomery Scott LLC raised its stake in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 507.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,780 shares of the semiconductor company's stock after purchasing an additional 9,006 shares during the quarter. Janney Montgomery Scott LLC's holdings in Onto Innovation were worth $1,088,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC acquired a new stake in Onto Innovation during the first quarter valued at approximately $217,000. GAMMA Investing LLC boosted its holdings 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 acquiring an additional 458 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of Onto Innovation in the 1st quarter worth approximately $420,000. Oppenheimer Asset Management Inc. boosted its holdings 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 acquiring an additional 1,013 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of Onto Innovation by 63.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 23,906 shares of the semiconductor company's stock worth $2,413,000 after acquiring an additional 9,324 shares in the last quarter. 98.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on ONTO shares. B. Riley boosted their target price on Onto Innovation from $145.00 to $170.00 and gave the stock a "buy" rating in a report on Friday. Weiss Ratings reissued a "hold (c)" rating on shares of Onto Innovation in a report on Wednesday, October 8th. Benchmark reduced their target price on Onto Innovation from $190.00 to $160.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Jefferies Financial Group raised Onto Innovation from a "hold" rating to a "buy" rating and boosted their target price for the stock from $100.00 to $170.00 in a report on Tuesday, September 23rd. Finally, Cantor Fitzgerald dropped their price objective 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. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Onto Innovation has a consensus rating of "Moderate Buy" and an average price target of $141.43.

Onto Innovation Price Performance

ONTO stock opened at $130.18 on Tuesday. The company has a 50 day moving average price of $115.87 and a 200 day moving average price of $108.85. Onto Innovation Inc. has a fifty-two week low of $85.88 and a fifty-two week high of $228.42. The stock has a market capitalization of $6.38 billion, a PE ratio of 32.22, a price-to-earnings-growth ratio of 0.82 and a beta of 1.61.

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