Liontrust Investment Partners LLP trimmed its holdings in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 9.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 79,621 shares of the semiconductor company's stock after selling 8,546 shares during the period. Liontrust Investment Partners LLP owned 0.16% of Onto Innovation worth $9,661,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of ONTO. Russell Investments Group Ltd. increased its position in Onto Innovation by 13.7% during the fourth quarter. Russell Investments Group Ltd. now owns 13,622 shares of the semiconductor company's stock worth $2,270,000 after purchasing an additional 1,640 shares during the last quarter. Sterling Capital Management LLC grew its stake in shares of Onto Innovation by 46.0% during the 4th quarter. Sterling Capital Management LLC now owns 2,360 shares of the semiconductor company's stock valued at $393,000 after buying an additional 744 shares during the period. Rockefeller Capital Management L.P. acquired a new stake in shares of Onto Innovation during the 4th quarter worth $9,684,000. Barclays PLC raised its position in shares of Onto Innovation by 32.7% in the 4th quarter. Barclays PLC now owns 288,152 shares of the semiconductor company's stock worth $48,028,000 after buying an additional 70,962 shares during the period. Finally, Jump Financial LLC boosted its holdings in Onto Innovation by 363.3% in the fourth quarter. Jump Financial LLC now owns 24,656 shares of the semiconductor company's stock valued at $4,109,000 after acquiring an additional 19,334 shares during the last quarter. Institutional investors and hedge funds own 98.35% of the company's stock.
Analyst Ratings Changes
A number of analysts recently issued reports on the stock. Needham & Company LLC dropped their target price 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. Jefferies Financial Group set a $110.00 target price on shares of Onto Innovation and gave the company a "hold" rating in a research note on Tuesday, May 20th. B. Riley decreased their price target 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. Cantor Fitzgerald lowered their price target on Onto Innovation from $110.00 to $90.00 and set a "neutral" rating for the company in a report on Tuesday, June 24th. Finally, Oppenheimer lowered their target price on Onto Innovation from $150.00 to $130.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $137.86.
Get Our Latest Analysis on ONTO
Onto Innovation Stock Performance
Shares of ONTO traded down $1.1410 during trading hours on Tuesday, reaching $107.5190. 1,024,673 shares of the company traded hands, compared to its average volume of 1,261,958. Onto Innovation Inc. has a 1-year low of $85.88 and a 1-year high of $228.42. The stock has a market cap of $5.27 billion, a P/E ratio of 26.61, a price-to-earnings-growth ratio of 0.72 and a beta of 1.44. The stock's fifty day moving average is $99.86 and its 200 day moving average is $118.69.
Onto Innovation (NYSE:ONTO - Get Free Report) last announced 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 firm had revenue of $253.60 million for 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%.Onto Innovation's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.32 EPS. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. On average, equities research analysts predict that Onto Innovation Inc. will post 6.26 EPS for the current year.
About Onto Innovation
(
Free Report)
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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