Granahan Investment Management LLC Has $6.93 Million Stock Position in Onto Innovation Inc. $ONTO

Key Points

• Granahan Investment Management LLC significantly increased its stake in Onto Innovation Inc. by 113.8%, owning over 57,000 shares worth approximately $6.93 million as of the last reporting period.
• Onto Innovation reported a quarterly EPS of $1.25, slightly missing expectations, but saw a revenue increase to $253.60 million, up 4.7% from the same quarter last year.
• Analysts have mixed views on Onto Innovation's stock, with price targets ranging from $90.00 to $145.00 and a consensus rating of "Moderate Buy" with a target price around $137.86.

Granahan Investment Management LLC increased its stake in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 113.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,101 shares of the semiconductor company's stock after buying an additional 30,397 shares during the quarter. Granahan Investment Management LLC owned 0.12% of Onto Innovation worth $6,929,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB lifted its position in shares of Onto Innovation by 177.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 236 shares of the semiconductor company's stock worth $29,000 after buying an additional 151 shares during the period. Banque Cantonale Vaudoise bought a new position in shares of Onto Innovation during the 1st quarter worth approximately $29,000. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Onto Innovation by 79.4% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 244 shares of the semiconductor company's stock worth $30,000 after buying an additional 108 shares during the period. Larson Financial Group LLC lifted its position in shares of Onto Innovation by 3,700.0% during the 1st quarter. Larson Financial Group LLC now owns 266 shares of the semiconductor company's stock worth $32,000 after buying an additional 259 shares during the period. Finally, Berbice Capital Management LLC lifted its position in shares of Onto Innovation by 33.3% during the 1st quarter. Berbice Capital Management LLC now owns 400 shares of the semiconductor company's stock worth $49,000 after buying an additional 100 shares during the period. Institutional investors own 98.35% of the company's stock.

Wall Street Analysts Forecast Growth

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

Onto Innovation Price Performance

Shares of NYSE ONTO traded up $0.39 during midday trading on Tuesday, hitting $104.02. The stock had a trading volume of 815,371 shares, compared to its average volume of 1,235,004. The company's 50-day simple moving average is $102.28 and its 200 day simple moving average is $110.69. The firm has a market cap of $5.10 billion, a P/E ratio of 25.75, a price-to-earnings-growth ratio of 0.71 and a beta of 1.58. Onto Innovation Inc. has a fifty-two week low of $85.88 and a fifty-two week high of $228.42.

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 the consensus estimate of $1.27 by ($0.02). The firm had revenue of $253.60 million during the quarter, compared to analyst estimates of $250.56 million. Onto Innovation had a net margin of 19.29% and a return on equity of 14.38%. The firm's quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the business posted $1.32 earnings per share. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. Equities analysts expect 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.