Aberdeen Group plc Buys 18,635 Shares of Onto Innovation Inc. $ONTO

Key Points

• Aberdeen Group plc increased its stake in Onto Innovation by 376.2%, acquiring 23,588 shares valued at $2.79 million after purchasing an additional 18,635 shares during the first quarter.
• Analysts have issued mixed ratings for Onto Innovation, with target prices ranging from $90.00 to $160.00, but the overall consensus rating remains a "Moderate Buy."
• Onto Innovation reported a 4.7% year-over-year increase in quarterly revenue, totaling $253.6 million, despite missing earnings estimates with an EPS of $1.25.

Aberdeen Group plc boosted its position in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 376.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,588 shares of the semiconductor company's stock after acquiring an additional 18,635 shares during the period. Aberdeen Group plc's holdings in Onto Innovation were worth $2,789,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Fox Run Management L.L.C. increased its stake in shares of Onto Innovation by 15.9% in the first quarter. Fox Run Management L.L.C. now owns 10,157 shares of the semiconductor company's stock worth $1,232,000 after purchasing an additional 1,391 shares in the last quarter. HighTower Advisors LLC increased its stake in Onto Innovation by 33.7% in the 1st quarter. HighTower Advisors LLC now owns 14,153 shares of the semiconductor company's stock worth $1,717,000 after buying an additional 3,566 shares in the last quarter. Nuveen LLC purchased a new stake in Onto Innovation in the 1st quarter worth $25,853,000. Cynosure Group LLC increased its stake in Onto Innovation by 39.3% in the 1st quarter. Cynosure Group LLC now owns 2,492 shares of the semiconductor company's stock worth $302,000 after buying an additional 703 shares in the last quarter. Finally, Zions Bancorporation National Association UT purchased a new stake in Onto Innovation in the 1st quarter worth $2,638,000. Hedge funds and other institutional investors own 98.35% of the company's stock.

Analyst Upgrades and Downgrades

ONTO has been the subject of a number of analyst reports. 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 research note on Friday, May 9th. Wall Street Zen upgraded Onto Innovation from a "sell" rating to a "hold" rating in a research note on Saturday, May 17th. Jefferies Financial Group set a $110.00 price target on Onto Innovation and gave the stock a "hold" rating in a research note 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 research note on Friday, August 8th. 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 report on Tuesday, June 24th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $137.86.

Onto Innovation Stock Up 2.9%

ONTO traded up $3.0860 on Friday, hitting $108.5460. The company had a trading volume of 914,933 shares, compared to its average volume of 1,527,808. The business's fifty day simple moving average is $100.49 and its 200 day simple moving average is $115.94. Onto Innovation Inc. has a 12-month low of $85.88 and a 12-month high of $228.42. The company has a market cap of $5.32 billion, a PE ratio of 26.87, a PEG ratio of 0.73 and a beta of 1.44.

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 (EPS) 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 net margin of 19.29% and a return on equity of 14.38%. Onto Innovation's revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.32 earnings per share. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. On average, 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.