Onto Innovation Inc. $ONTO Holdings Decreased by Epoch Investment Partners Inc.

Key Points

• Epoch Investment Partners Inc. has reduced its stake in Onto Innovation Inc. by 42.8%, now owning 9,849 shares valued at approximately $1.195 million.
• Onto Innovation recently reported quarterly earnings of $1.25 EPS, slightly missing the consensus estimate by $0.02, while revenue rose by 4.7% year-over-year to $253.60 million.
• Analysts have cut price targets for Onto Innovation, with the average target now at $137.86, while the stock currently has a rating of "Moderate Buy" based on multiple analyst assessments.

Epoch Investment Partners Inc. lowered its stake in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 42.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 9,849 shares of the semiconductor company's stock after selling 7,358 shares during the period. Epoch Investment Partners Inc.'s holdings in Onto Innovation were worth $1,195,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Massachusetts Financial Services Co. MA raised its stake in Onto Innovation by 48.4% during 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 buying an additional 421,165 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Onto Innovation in the 1st quarter valued at approximately $31,175,000. D. E. Shaw & Co. Inc. raised its position in shares of Onto Innovation by 8,504.1% during the 4th 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 stake in shares of Onto Innovation during the 1st quarter valued at approximately $25,853,000. Finally, Lazard Asset Management LLC lifted its stake in Onto Innovation by 80.9% during the fourth quarter. Lazard Asset Management LLC now owns 412,720 shares of the semiconductor company's stock worth $68,786,000 after purchasing an additional 184,612 shares during the last quarter. Institutional investors own 98.35% of the company's stock.

Onto Innovation Price Performance

NYSE ONTO opened at $103.93 on Wednesday. Onto Innovation Inc. has a 12 month low of $85.88 and a 12 month high of $228.42. The firm has a market capitalization of $5.09 billion, a PE ratio of 25.73, a P/E/G ratio of 0.71 and a beta of 1.58. The company's 50 day simple moving average is $101.98 and its 200 day simple moving average is $112.94.

Onto Innovation (NYSE:ONTO - Get Free Report) last posted its quarterly earnings data 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 the consensus estimate of $250.56 million. Onto Innovation had a return on equity of 14.38% and a net margin of 19.29%.The firm's quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.32 EPS. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. Sell-side analysts anticipate that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on ONTO. Oppenheimer decreased their price target 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. Cantor Fitzgerald lowered their price objective on Onto Innovation from $110.00 to $90.00 and set a "neutral" rating for the company in a research note on Tuesday, June 24th. Needham & Company LLC cut their target price on 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 reduced their price target 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. Finally, Jefferies Financial Group set a $110.00 price target on shares of Onto Innovation and gave the stock a "hold" rating in a research report on Tuesday, May 20th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Onto Innovation presently has an average rating of "Moderate Buy" and a consensus target price of $137.86.

Onto Innovation 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.