Capital Fund Management S.A. Buys 14,867 Shares of Onto Innovation Inc. $ONTO

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

Several other institutional investors have also recently made changes to their positions in the business. Concurrent Investment Advisors LLC bought a new stake in Onto Innovation in the first quarter worth $217,000. GAMMA Investing LLC grew its holdings in Onto Innovation by 75.0% during the first quarter. GAMMA Investing LLC now owns 1,069 shares of the semiconductor company's stock worth $130,000 after acquiring an additional 458 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in shares of Onto Innovation in the first quarter valued at $420,000. Oppenheimer Asset Management Inc. grew its stake in shares of Onto Innovation by 16.3% in the first quarter. Oppenheimer Asset Management Inc. now owns 7,211 shares of the semiconductor company's stock valued at $875,000 after buying an additional 1,013 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in shares of Onto Innovation by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 5,785 shares of the semiconductor company's stock worth $701,000 after acquiring an additional 150 shares in the last quarter. Institutional investors own 98.35% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Wall Street Zen raised Onto Innovation from a "sell" rating to a "hold" rating in a research report on Saturday, May 17th. Jefferies Financial Group set a $110.00 price objective on Onto Innovation and gave the stock a "hold" rating in a research note on Tuesday, May 20th. Benchmark lowered their price target 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. 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, Oppenheimer decreased their price target on Onto Innovation from $150.00 to $130.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, Onto Innovation presently has a consensus rating of "Moderate Buy" and an average target price of $137.86.

Onto Innovation Trading Down 1.0%

NYSE:ONTO traded down $1.08 during mid-day trading on Wednesday, hitting $107.82. The stock had a trading volume of 129,219 shares, compared to its average volume of 1,246,691. The stock has a 50-day simple moving average of $100.92 and a two-hundred day simple moving average of $115.34. The company has a market capitalization of $5.28 billion, a PE ratio of 26.75, a PEG ratio of 0.73 and a beta of 1.44. Onto Innovation Inc. has a twelve month low of $85.88 and a twelve month high of $228.42.

Onto Innovation (NYSE:ONTO - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $1.25 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 during the quarter, compared to analysts' expectations of $250.56 million. During the same quarter in the prior year, the firm earned $1.32 earnings per share. Onto Innovation's quarterly revenue was up 4.7% on a year-over-year basis. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. Sell-side analysts predict that Onto Innovation Inc. will post 6.26 EPS 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.