Stanley Laman Group Ltd. Makes New $5.45 Million Investment in Onto Innovation Inc. $ONTO

Key Points

• Stanley Laman Group Ltd. has made a new investment in Onto Innovation Inc., purchasing 53,948 shares valued at approximately $5.45 million, representing a 0.11% stake in the semiconductor company.
• Onto Innovation reported a Q2 earnings per share (EPS) of $1.25, missing estimates by $0.02, while revenue increased by 4.7% year-over-year to $253.60 million.
• Analysts have set a consensus price target of $148.57 for Onto Innovation, with ratings ranging from "Buy" to "Hold" from various research firms.

Stanley Laman Group Ltd. bought a new position in Onto Innovation Inc. (NYSE:ONTO - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 53,948 shares of the semiconductor company's stock, valued at approximately $5,445,000. Stanley Laman Group Ltd. owned approximately 0.11% of Onto Innovation as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ONTO. GAMMA Investing LLC lifted its position in Onto Innovation by 75.0% in the 1st quarter. GAMMA Investing LLC now owns 1,069 shares of the semiconductor company's stock worth $130,000 after buying an additional 458 shares in the last quarter. QRG Capital Management Inc. raised its holdings in shares of Onto Innovation by 6.1% during the 1st quarter. QRG Capital Management Inc. now owns 2,041 shares of the semiconductor company's stock valued at $248,000 after purchasing an additional 118 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of 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 in the last quarter. Shelton Wealth Management LLC bought a new position in shares of Onto Innovation during the 1st quarter valued at $504,000. Finally, Advisor Resource Council bought a new position in shares of Onto Innovation during the 1st quarter valued at $391,000. Hedge funds and other institutional investors own 98.35% of the company's stock.

Onto Innovation Price Performance

Shares of ONTO opened at $134.36 on Friday. The company has a market capitalization of $6.58 billion, a PE ratio of 33.26, a price-to-earnings-growth ratio of 0.93 and a beta of 1.61. Onto Innovation Inc. has a one year low of $85.88 and a one year high of $228.42. The company's fifty day moving average price is $118.94 and its 200 day moving average price is $109.34.

Onto Innovation (NYSE:ONTO - Get Free Report) last announced its earnings results on Thursday, August 7th. The semiconductor company reported $1.25 EPS for the quarter, missing the consensus estimate 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 business's revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.32 EPS. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. Analysts anticipate that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on ONTO shares. Jefferies Financial Group upgraded shares of Onto Innovation from a "hold" rating to a "buy" rating and raised their price target for the company from $100.00 to $170.00 in a report on Tuesday, September 23rd. Benchmark cut their price target 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. Oppenheimer raised their price target on shares of Onto Innovation from $130.00 to $180.00 and gave the company an "outperform" rating in a report on Tuesday. Weiss Ratings restated a "hold (c)" rating on shares of Onto Innovation in a report on Wednesday, October 8th. Finally, Stifel Nicolaus raised their price target on shares of Onto Innovation from $110.00 to $120.00 and gave the company a "hold" rating in a report on Monday. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $148.57.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.