Onto Innovation Inc. $ONTO Stock Position Decreased by Petrus Trust Company LTA

Key Points

• Petrus Trust Company LTA reduced its stake in Onto Innovation Inc. by 52%, holding 2,271 shares worth $276,000 at the end of the last quarter.
• Onto Innovation reported earnings of $1.25 per share, missing estimates, while revenue of $253.60 million exceeded expectations, showing a 4.7% year-over-year increase.
• Analysts have a consensus rating of "Moderate Buy" for Onto Innovation, with a target price averaging $137.86 amid recent price adjustments from notable firms.

Petrus Trust Company LTA decreased its position in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 52.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,271 shares of the semiconductor company's stock after selling 2,456 shares during the quarter. Petrus Trust Company LTA's holdings in Onto Innovation were worth $276,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Concurrent Investment Advisors LLC acquired a new stake in shares of Onto Innovation in the first quarter valued at $217,000. GAMMA Investing LLC lifted its holdings in shares of Onto Innovation by 75.0% during the first 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 last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Onto Innovation during the first quarter valued at $420,000. Oppenheimer Asset Management Inc. lifted its holdings in shares of Onto Innovation by 16.3% during the first 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 last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Onto Innovation by 2.7% during the first 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 last quarter. Institutional investors and hedge funds own 98.35% of the company's stock.

Onto Innovation Price Performance

Onto Innovation stock traded up $2.85 during mid-day trading on Friday, hitting $111.10. The company's stock had a trading volume of 1,544,526 shares, compared to its average volume of 930,742. The firm's 50 day moving average is $102.73 and its 200 day moving average is $109.99. The company has a market cap of $5.44 billion, a PE ratio of 27.50, a price-to-earnings-growth ratio of 0.73 and a beta of 1.58. 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 quarterly earnings data on Thursday, August 7th. The semiconductor company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.02). The business had revenue of $253.60 million during the quarter, compared to analysts' expectations of $250.56 million. Onto Innovation had a return on equity of 14.38% and a net margin of 19.29%.The firm's revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.32 earnings per share. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. As a group, analysts forecast that Onto Innovation Inc. will post 6.26 EPS for the current year.

Analyst Upgrades and Downgrades

ONTO has been the subject of several analyst reports. Jefferies Financial Group set a $110.00 target price on Onto Innovation and gave the company a "hold" rating in a report on Tuesday, May 20th. Wall Street Zen raised Onto Innovation from a "sell" rating to a "hold" rating in a report on Saturday, May 17th. B. Riley reduced their target price on Onto Innovation from $160.00 to $145.00 and set a "buy" rating for the company in a report on Friday, August 8th. Benchmark reduced their target price on Onto Innovation from $190.00 to $160.00 and set a "buy" rating for the company in a report on Friday, August 8th. Finally, Cantor Fitzgerald reduced their target price 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 investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Onto Innovation has a consensus rating of "Moderate Buy" and a consensus target price 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.