Stephens Investment Management Group LLC Has $18.40 Million Stock Position in Onto Innovation Inc. $ONTO

Key Points

• Stephens Investment Management Group LLC reduced its holdings in Onto Innovation Inc. by 36.6%, leaving it with approximately 182,285 shares valued at $18.40 million.
• Other investors, including William Blair Investment Management LLC, significantly increased their stakes, with William Blair's holdings growing by 650.4% to over 1.09 million shares.
• Analysts have mixed opinions on the stock, with price targets ranging from $120.00 to $180.00 and a consensus rating of "Moderate Buy."

Stephens Investment Management Group LLC reduced its position in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 36.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,285 shares of the semiconductor company's stock after selling 105,187 shares during the period. Stephens Investment Management Group LLC owned approximately 0.37% of Onto Innovation worth $18,398,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. William Blair Investment Management LLC grew its stake in shares of Onto Innovation by 650.4% during the second quarter. William Blair Investment Management LLC now owns 1,098,860 shares of the semiconductor company's stock worth $110,908,000 after buying an additional 952,419 shares during the last quarter. Situational Awareness LP bought a new stake in shares of Onto Innovation in the first quarter worth $71,192,000. Massachusetts Financial Services Co. MA grew its stake in shares of Onto Innovation by 48.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,291,415 shares of the semiconductor company's stock worth $156,700,000 after purchasing an additional 421,165 shares during the last quarter. Amundi boosted its position in Onto Innovation by 199.2% during the first quarter. Amundi now owns 347,900 shares of the semiconductor company's stock valued at $42,214,000 after acquiring an additional 231,629 shares during the last quarter. Finally, Nuveen LLC bought a new stake in Onto Innovation during the first quarter valued at $25,853,000. 98.35% of the stock is currently owned by institutional investors and hedge funds.

Onto Innovation Price Performance

ONTO opened at $125.18 on Thursday. Onto Innovation Inc. has a fifty-two week low of $85.88 and a fifty-two week high of $228.42. The firm has a market capitalization of $6.13 billion, a PE ratio of 30.98, a P/E/G ratio of 0.92 and a beta of 1.61. The company's 50-day moving average is $120.32 and its 200 day moving average is $109.72.

Onto Innovation (NYSE:ONTO - Get Free Report) last posted 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 analyst estimates of $250.56 million. During the same quarter in the prior year, the company earned $1.32 EPS. The company's revenue was up 4.7% on a year-over-year basis. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. As a group, analysts expect that Onto Innovation Inc. will post 6.26 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have commented on ONTO shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Onto Innovation in a research report on Wednesday, October 8th. Oppenheimer upped their price target on shares of Onto Innovation from $130.00 to $180.00 and gave the company an "outperform" rating in a research report on Tuesday, October 14th. 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 research report on Friday, August 8th. B. Riley upped their price target on shares of Onto Innovation from $145.00 to $170.00 and gave the company a "buy" rating in a research report on Friday, October 10th. Finally, Stifel Nicolaus upped their price target on shares of Onto Innovation from $110.00 to $120.00 and gave the company a "hold" rating in a research report on Monday, October 13th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Onto Innovation presently has a consensus rating of "Moderate Buy" and an average target price of $148.57.

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.

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