Swedbank AB Has $11.36 Million Position in Onto Innovation Inc. $ONTO

Swedbank AB cut its holdings in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 25.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 112,500 shares of the semiconductor company's stock after selling 38,000 shares during the period. Swedbank AB owned approximately 0.23% of Onto Innovation worth $11,355,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Banque Cantonale Vaudoise bought a new stake in Onto Innovation during the 1st quarter worth approximately $29,000. MassMutual Private Wealth & Trust FSB increased its holdings in Onto Innovation by 177.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 236 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 151 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased 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 purchasing an additional 108 shares in the last quarter. Larson Financial Group LLC increased 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 purchasing an additional 259 shares in the last quarter. Finally, Berbice Capital Management LLC boosted its stake in shares of Onto Innovation by 33.3% in the 1st quarter. Berbice Capital Management LLC now owns 400 shares of the semiconductor company's stock worth $49,000 after buying an additional 100 shares during the last quarter. 98.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on ONTO. Cantor Fitzgerald dropped their price objective on Onto Innovation from $110.00 to $90.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 24th. B. Riley dropped their price objective on Onto Innovation from $160.00 to $145.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. Finally, Benchmark dropped their target price on Onto Innovation from $190.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, Onto Innovation currently has an average rating of "Moderate Buy" and an average target price of $137.86.

Onto Innovation Stock Down 0.6%

Shares of ONTO opened at $122.61 on Monday. Onto Innovation Inc. has a fifty-two week low of $85.88 and a fifty-two week high of $228.42. The firm's 50 day moving average price is $104.51 and its 200 day moving average price is $108.79. The company has a market cap of $6.01 billion, a P/E ratio of 30.35, a PEG ratio of 0.83 and a beta of 1.58.

Onto Innovation (NYSE:ONTO - Get Free Report) last issued 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). 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 for the quarter, compared to analysts' expectations of $250.56 million. During the same period in the previous year, the business posted $1.32 earnings per share. 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. Research analysts forecast that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

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.

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