Price T Rowe Associates Inc. MD Lowers Stock Holdings in Onto Innovation Inc. $ONTO

Key Points

• Price T Rowe Associates Inc. sold 8,505 shares of Onto Innovation Inc., reducing its stake by 1.6%, leaving them with approximately 1.05% of the company valued at $62.5 million.
• Onto Innovation's stock recently increased by 0.9%, with a market capitalization of $5.35 billion and a PE ratio of 27.05.
• Several brokerages have downgraded their price targets for Onto Innovation, with the average consensus target now at $137.86, indicating a potential outlook for growth amid fluctuations.

Price T Rowe Associates Inc. MD decreased its holdings in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 1.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 515,169 shares of the semiconductor company's stock after selling 8,505 shares during the period. Price T Rowe Associates Inc. MD owned approximately 1.05% of Onto Innovation worth $62,511,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its holdings in Onto Innovation by 177.6% during the first 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 last quarter. Banque Cantonale Vaudoise purchased a new position in Onto Innovation during the 1st quarter worth $29,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in 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 acquiring an additional 108 shares during the last quarter. Larson Financial Group LLC boosted its holdings in 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 acquiring an additional 259 shares during the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in Onto Innovation during the 4th quarter worth $38,000. Institutional investors and hedge funds own 98.35% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ONTO shares. Oppenheimer decreased their target price on Onto Innovation from $150.00 to $130.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. Jefferies Financial Group set a $110.00 target price on Onto Innovation and gave the company a "hold" rating in a research report on Tuesday, May 20th. Cantor Fitzgerald decreased their target price on Onto Innovation from $110.00 to $90.00 and set a "neutral" rating for the company in a research report on Tuesday, June 24th. Needham & Company LLC decreased their target price on Onto Innovation from $230.00 to $150.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Finally, Benchmark decreased 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. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $137.86.

Onto Innovation Price Performance

NYSE ONTO traded down $3.47 during trading hours on Monday, reaching $105.83. 1,081,161 shares of the stock traded hands, compared to its average volume of 1,413,422. Onto Innovation Inc. has a 1 year low of $85.88 and a 1 year high of $228.42. The company has a market cap of $5.19 billion, a price-to-earnings ratio of 26.20, a price-to-earnings-growth ratio of 0.71 and a beta of 1.58. The stock has a 50 day simple moving average of $101.83 and a two-hundred day simple moving average of $113.00.

Onto Innovation (NYSE:ONTO - Get Free Report) last issued its earnings results on Thursday, August 7th. The semiconductor company reported $1.25 earnings per share for the quarter, missing analysts' consensus estimates of $1.27 by ($0.02). Onto Innovation had a return on equity of 14.38% and a net margin of 19.29%.The business had revenue of $253.60 million during the quarter, compared to analysts' expectations of $250.56 million. During the same period last year, the firm posted $1.32 EPS. Onto Innovation's quarterly revenue was up 4.7% compared to the same quarter last year. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. On average, sell-side analysts forecast 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.