Onto Innovation Inc. $ONTO Shares Bought by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP has increased its position in Onto Innovation by 12.6%, now owning 489,413 shares valued at approximately $59.4 million.
• Despite a slight earnings miss in its latest quarterly report, Onto Innovation's revenue grew by 4.7% year-over-year, with analysts forecasting a current fiscal year EPS of 6.26.
• Wall Street analysts have recently adjusted target prices for Onto Innovation, with a consensus target price set at $137.86 and ratings ranging from "buy" to "hold."

Wellington Management Group LLP boosted its stake in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 12.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 489,413 shares of the semiconductor company's stock after buying an additional 54,607 shares during the period. Wellington Management Group LLP owned approximately 1.00% of Onto Innovation worth $59,385,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its position in Onto Innovation by 48.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,291,415 shares of the semiconductor company's stock valued at $156,700,000 after acquiring an additional 421,165 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in Onto Innovation in the 1st quarter valued at $31,175,000. D. E. Shaw & Co. Inc. grew its position in Onto Innovation by 8,504.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 222,330 shares of the semiconductor company's stock valued at $37,056,000 after acquiring an additional 219,746 shares during the last quarter. Nuveen LLC bought a new position in Onto Innovation in the 1st quarter valued at $25,853,000. Finally, Lazard Asset Management LLC grew its position in Onto Innovation by 80.9% in the 4th quarter. Lazard Asset Management LLC now owns 412,720 shares of the semiconductor company's stock valued at $68,786,000 after acquiring an additional 184,612 shares during the last quarter. Hedge funds and other institutional investors own 98.35% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ONTO shares. Jefferies Financial Group set a $110.00 price target on Onto Innovation and gave the company a "hold" rating in a research note on Tuesday, May 20th. Cantor Fitzgerald cut their price target on Onto Innovation from $110.00 to $90.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 24th. Wall Street Zen upgraded Onto Innovation from a "sell" rating to a "hold" rating in a research note on Saturday, May 17th. Benchmark dropped their price objective on Onto Innovation from $190.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. Finally, B. Riley dropped their price objective on Onto Innovation from $160.00 to $145.00 and set a "buy" rating on the stock 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 data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $137.86.

Onto Innovation Stock Up 0.2%

Shares of Onto Innovation stock traded up $0.24 on Thursday, reaching $108.23. 138,136 shares of the stock were exchanged, compared to its average volume of 1,242,440. Onto Innovation Inc. has a twelve month low of $85.88 and a twelve month high of $228.42. The firm has a market capitalization of $5.30 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 0.73 and a beta of 1.44. The business has a 50 day moving average price of $101.14 and a two-hundred day moving average price of $115.29.

Onto Innovation (NYSE:ONTO - Get Free Report) last released its earnings results on Thursday, August 7th. The semiconductor company reported $1.25 EPS 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 firm had revenue of $253.60 million for the quarter, compared to analyst estimates of $250.56 million. During the same period last year, the firm earned $1.32 EPS. The company's revenue for the quarter 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. Research analysts forecast that Onto Innovation Inc. will post 6.26 EPS for the current 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.