Strs Ohio Buys Shares of 4,863 Onto Innovation Inc. $ONTO

Key Points

• Strs Ohio has acquired a new stake in Onto Innovation Inc., purchasing 4,863 shares valued at approximately $590,000 in the first quarter.
• Onto Innovation's stock has a market cap of $6.01 billion and reported quarterly earnings of $1.25 EPS, missing analysts’ expectations.
• Analysts have set varying price targets for Onto Innovation, with ratings ranging from "Neutral" to "Buy", indicating a consensus rating of "Moderate Buy."

Strs Ohio purchased a new stake in Onto Innovation Inc. (NYSE:ONTO - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 4,863 shares of the semiconductor company's stock, valued at approximately $590,000.

Other large investors also recently modified their holdings of the company. Massachusetts Financial Services Co. MA increased its position 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 worth $156,700,000 after acquiring an additional 421,165 shares during the period. Geneva Capital Management LLC increased its holdings in Onto Innovation by 0.5% in the 1st quarter. Geneva Capital Management LLC now owns 1,015,323 shares of the semiconductor company's stock valued at $123,199,000 after buying an additional 4,632 shares during the period. Situational Awareness LP bought a new position in Onto Innovation in the 1st quarter valued at about $71,192,000. Wellington Management Group LLP increased its holdings in Onto Innovation by 12.6% in the 1st quarter. Wellington Management Group LLP now owns 489,413 shares of the semiconductor company's stock valued at $59,385,000 after buying an additional 54,607 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in Onto Innovation by 76.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 482,256 shares of the semiconductor company's stock valued at $58,517,000 after buying an additional 208,907 shares during the period. 98.35% of the stock is owned by institutional investors.

Onto Innovation Trading Up 5.5%

Shares of ONTO stock traded up $7.19 during trading hours on Tuesday, hitting $137.31. The company's stock had a trading volume of 1,426,256 shares, compared to its average volume of 1,280,941. The company has a 50 day moving average of $105.13 and a 200 day moving average of $108.77. The stock has a market cap of $6.73 billion, a PE ratio of 33.93, a price-to-earnings-growth ratio of 0.83 and a beta of 1.58. Onto Innovation Inc. has a 12-month low of $85.88 and a 12-month high of $228.42.

Onto Innovation (NYSE:ONTO - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.02). Onto Innovation had a return on equity of 14.38% and a net margin of 19.29%.The company had revenue of $253.60 million during the quarter, compared to analysts' expectations of $250.56 million. During the same quarter in the prior year, the company posted $1.32 EPS. The company's revenue for the quarter 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 anticipate that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ONTO has been the topic of several recent analyst reports. B. Riley decreased their target price on shares of Onto Innovation from $160.00 to $145.00 and set a "buy" rating on the stock in a report on Friday, August 8th. 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 research note on Tuesday. Cantor Fitzgerald decreased their price target on shares of Onto Innovation from $110.00 to $90.00 and set a "neutral" rating on the stock in a report on Tuesday, June 24th. Finally, Benchmark decreased 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. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Onto Innovation presently has a consensus rating of "Moderate Buy" and an average price target of $146.43.

About Onto Innovation

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.