Credit Agricole S A Has $14.15 Million Stake in Onto Innovation Inc. $ONTO

Key Points

• Credit Agricole S A reduced its stake in Onto Innovation by 39.6%, selling 76,513 shares during the first quarter, and now holds about 116,602 shares valued at approximately $14.15 million.
• Several hedge funds, including Hsbc Holdings PLC and Wellington Management Group LLP, increased their stakes in Onto Innovation during the same quarter, indicating strong institutional interest in the semiconductor company.
• Onto Innovation reported a quarterly earnings per share (EPS) of $1.25, slightly missing analysts’ expectations, but its revenue increased 4.7% year-over-year, amounting to $253.60 million.

Credit Agricole S A lessened its stake in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 39.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 116,602 shares of the semiconductor company's stock after selling 76,513 shares during the period. Credit Agricole S A owned about 0.24% of Onto Innovation worth $14,148,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Concurrent Investment Advisors LLC acquired a new stake in shares of Onto Innovation during the 1st quarter valued at $217,000. GAMMA Investing LLC raised its stake in Onto Innovation by 75.0% during the 1st quarter. GAMMA Investing LLC now owns 1,069 shares of the semiconductor company's stock valued at $130,000 after purchasing an additional 458 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in Onto Innovation during the 1st quarter valued at $420,000. Oppenheimer Asset Management Inc. raised its stake in Onto Innovation by 16.3% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,211 shares of the semiconductor company's stock valued at $875,000 after purchasing an additional 1,013 shares during the period. Finally, State of Alaska Department of Revenue raised its stake in Onto Innovation by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 5,785 shares of the semiconductor company's stock valued at $701,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 98.35% of the company's stock.

Onto Innovation Trading Up 2.9%

NYSE ONTO traded up $3.0860 on Friday, reaching $108.5460. The stock had a trading volume of 914,933 shares, compared to its average volume of 1,531,992. The business has a 50 day moving average price of $100.49 and a 200 day moving average price of $116.60. Onto Innovation Inc. has a 1 year low of $85.88 and a 1 year high of $228.42. The company has a market capitalization of $5.32 billion, a price-to-earnings ratio of 26.87, a P/E/G ratio of 0.73 and a beta of 1.44.

Onto Innovation (NYSE:ONTO - Get Free Report) last issued 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). The firm had revenue of $253.60 million during the quarter, compared to analysts' expectations of $250.56 million. Onto Innovation had a net margin of 19.29% and a return on equity of 14.38%. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.32 EPS. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. On average, analysts anticipate that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Cantor Fitzgerald cut their target price on shares of 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 raised shares of Onto Innovation from a "sell" rating to a "hold" rating in a research note on Saturday, May 17th. Needham & Company LLC cut their target price on shares of Onto Innovation from $230.00 to $150.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Benchmark cut their target price on shares of Onto Innovation from $190.00 to $160.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. Finally, B. Riley cut their target price on shares of Onto Innovation from $160.00 to $145.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.