Onto Innovation Inc. $ONTO Shares Bought by Capital Fund Management S.A.

Key Points

• Capital Fund Management S.A. increased its stake in Onto Innovation by 22.2%, acquiring an additional 14,867 shares, bringing its total ownership to 81,752 shares worth approximately $9.9 million.
• Onto Innovation reported $1.25 earnings per share for the last quarter, falling short of the consensus estimate of $1.27, while the company's revenue increased by 4.7% year-over-year to $253.6 million.
• Several analysts have reduced target prices for Onto Innovation, with the highest now set at $160, indicating a consensus rating of "Moderate Buy" among brokerages.

Capital Fund Management S.A. raised its stake in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 22.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,752 shares of the semiconductor company's stock after acquiring an additional 14,867 shares during the period. Capital Fund Management S.A. owned 0.17% of Onto Innovation worth $9,920,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of ONTO. Massachusetts Financial Services Co. MA boosted its stake in Onto Innovation by 48.4% in the first 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 in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Onto Innovation in the first quarter valued at $31,175,000. D. E. Shaw & Co. Inc. boosted its stake in Onto Innovation by 8,504.1% in the fourth 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 in the last quarter. Nuveen LLC acquired a new position in Onto Innovation in the first quarter valued at $25,853,000. Finally, Lazard Asset Management LLC boosted its stake in Onto Innovation by 80.9% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 98.35% of the company's stock.

Onto Innovation Stock Down 0.4%

Shares of NYSE:ONTO opened at $105.4610 on Friday. Onto Innovation Inc. has a 52 week low of $85.88 and a 52 week high of $228.42. The company has a 50-day moving average price of $100.22 and a 200 day moving average price of $117.88. The company has a market cap of $5.17 billion, a P/E ratio of 26.10, a PEG ratio of 0.71 and a beta of 1.44.

Onto Innovation (NYSE:ONTO - Get Free Report) last released its earnings results 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). Onto Innovation had a return on equity of 14.38% and a net margin of 19.29%.The business had revenue of $253.60 million for the quarter, compared to analyst estimates of $250.56 million. During the same quarter in the previous year, the firm posted $1.32 EPS. The business's revenue for the quarter was up 4.7% on a year-over-year basis. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. Analysts expect that Onto Innovation Inc. will post 6.26 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ONTO. B. Riley reduced their target price on shares of Onto Innovation from $160.00 to $145.00 and set a "buy" rating for the company in a report on Friday, August 8th. Benchmark reduced their target price on shares of Onto Innovation from $190.00 to $160.00 and set a "buy" rating for the company in a report on Friday, August 8th. Needham & Company LLC reduced their target price on shares of Onto Innovation from $230.00 to $150.00 and set a "buy" rating for the company in a report on Friday, May 9th. Wall Street Zen raised shares of Onto Innovation from a "sell" rating to a "hold" rating in a report on Saturday, May 17th. Finally, Oppenheimer reduced their target price on shares of Onto Innovation from $150.00 to $130.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $137.86.

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.

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