Onto Innovation Inc. $ONTO Shares Sold by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments Holdings LLC has reduced its stake in Onto Innovation Inc. by **66.6%**, selling **201,667 shares** and holding **101,032 shares** post-sale, which represent **0.21%** of the company.
• Onto Innovation's stock currently has a market cap of **$6.58 billion** and a **P/E ratio of 33.26**, with shares down **0.9%** recently, trading around **$134.36**.
• Analysts have mixed views on the stock; Oppenheimer upgraded their price target to **$180.00**, while Cantor Fitzgerald lowered theirs to **$90.00**, reflecting a consensus rating of **"Moderate Buy."**

Allspring Global Investments Holdings LLC trimmed its holdings in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 66.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 101,032 shares of the semiconductor company's stock after selling 201,667 shares during the period. Allspring Global Investments Holdings LLC owned 0.21% of Onto Innovation worth $10,126,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Banque Cantonale Vaudoise acquired a new stake in shares of Onto Innovation during the first quarter worth $29,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Onto Innovation by 79.4% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 244 shares of the semiconductor company's stock worth $30,000 after acquiring an additional 108 shares during the period. Larson Financial Group LLC increased its holdings in shares of Onto Innovation by 3,700.0% in the 1st quarter. Larson Financial Group LLC now owns 266 shares of the semiconductor company's stock worth $32,000 after acquiring an additional 259 shares during the period. Berbice Capital Management LLC increased its holdings in shares of Onto Innovation by 33.3% in the 1st quarter. Berbice Capital Management LLC now owns 400 shares of the semiconductor company's stock worth $49,000 after acquiring an additional 100 shares during the period. Finally, Brooklyn Investment Group increased its holdings in shares of Onto Innovation by 3,690.9% in the 1st quarter. Brooklyn Investment Group now owns 417 shares of the semiconductor company's stock worth $51,000 after acquiring an additional 406 shares during the period. 98.35% of the stock is owned by institutional investors and hedge funds.

Onto Innovation Stock Down 0.9%

Shares of ONTO opened at $134.36 on Friday. The firm has a 50-day moving average price of $118.94 and a 200 day moving average price of $109.23. The firm has a market capitalization of $6.58 billion, a PE ratio of 33.26, a P/E/G ratio of 0.91 and a beta of 1.61. Onto Innovation Inc. has a 52-week low of $85.88 and a 52-week high of $228.42.

Onto Innovation (NYSE:ONTO - Get Free Report) last announced its earnings results on Thursday, August 7th. The semiconductor company reported $1.25 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. The business's quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.32 EPS. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. On average, equities analysts expect that Onto Innovation Inc. will post 6.26 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ONTO shares. Cantor Fitzgerald dropped their price objective on shares of Onto Innovation from $110.00 to $90.00 and set a "neutral" rating on the stock in a report on Tuesday, June 24th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Onto Innovation in a report on Wednesday, October 8th. Oppenheimer increased their price objective on shares of Onto Innovation from $130.00 to $180.00 and gave the stock an "outperform" rating in a report on Tuesday. Benchmark dropped their price objective on shares of Onto Innovation from $190.00 to $160.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Finally, Jefferies Financial Group upgraded shares of Onto Innovation from a "hold" rating to a "buy" rating and increased their target price for the company from $100.00 to $170.00 in a research report on Tuesday, September 23rd. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $148.57.

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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