Lecap Asset Management Ltd. Raises Holdings in Onto Innovation Inc. $ONTO

Key Points

• Lecap Asset Management Ltd. increased its stake in Onto Innovation Inc. by 45.8% during the 2nd quarter, now owning 16,425 shares worth approximately $1.66 million.
• Onto Innovation's stock price is currently up 6.1%, with shares trading at $137.06 and a market capitalization of $6.72 billion.
• Analysts have given Onto Innovation an overall rating of "Moderate Buy" with a consensus target price of $146.43, reflecting varying price adjustments from multiple brokerage firms.

Lecap Asset Management Ltd. boosted its stake in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 45.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,425 shares of the semiconductor company's stock after purchasing an additional 5,158 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Onto Innovation were worth $1,658,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of ONTO. MassMutual Private Wealth & Trust FSB increased its holdings in Onto Innovation by 177.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 236 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 151 shares during the period. Banque Cantonale Vaudoise purchased a new position in shares of Onto Innovation in the 1st quarter valued at about $29,000. Migdal Insurance & Financial Holdings Ltd. increased 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 acquiring an additional 108 shares during the last quarter. Larson Financial Group LLC increased 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 acquiring an additional 259 shares during the last quarter. Finally, Berbice Capital Management LLC increased its holdings in shares of Onto Innovation by 33.3% in the 1st quarter. Berbice Capital Management LLC now owns 400 shares of the semiconductor company's stock valued at $49,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 98.35% of the company's stock.

Onto Innovation Stock Up 6.1%

Shares of NYSE ONTO opened at $137.06 on Thursday. The stock has a market cap of $6.72 billion, a PE ratio of 33.92, a price-to-earnings-growth ratio of 0.88 and a beta of 1.61. Onto Innovation Inc. has a 52-week low of $85.88 and a 52-week high of $228.42. The business has a 50-day moving average price of $109.80 and a 200 day moving average price of $109.10.

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 analysts' consensus estimates of $1.27 by ($0.02). Onto Innovation had a return on equity of 14.38% and a net margin of 19.29%.The company had revenue of $253.60 million for the quarter, compared to analyst estimates of $250.56 million. During the same period in the previous year, the business posted $1.32 earnings per share. The firm's revenue was up 4.7% compared to the same quarter last year. 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 year.

Analysts Set New Price Targets

ONTO has been the topic of a number of recent analyst reports. Jefferies Financial Group upgraded Onto Innovation from a "hold" rating to a "buy" rating and increased their price objective for the company from $100.00 to $170.00 in a report on Tuesday, September 23rd. Benchmark decreased their target price on Onto Innovation from $190.00 to $160.00 and set a "buy" rating for the company in a research report on Friday, August 8th. Cantor Fitzgerald decreased 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. Finally, B. Riley decreased their target price on Onto Innovation from $160.00 to $145.00 and set a "buy" rating for the company in a research report on Friday, August 8th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $146.43.

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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