Swedbank AB Sells 46,500 Shares of Onto Innovation Inc. $ONTO

Key Points

• Swedbank AB has reduced its stake in Onto Innovation Inc. by 23.6%, selling 46,500 shares, leaving it with 150,500 shares valued at approximately $18.26 million.
• Analysts have mixed views on Onto Innovation with target prices ranging from $90.00 to $190.00; the consensus average target price is $137.86.
• Onto Innovation's stock rose by 2.6%, with recent earnings reporting an EPS of $1.25, slightly below analyst expectations of $1.27.

Swedbank AB trimmed its holdings in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 23.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 150,500 shares of the semiconductor company's stock after selling 46,500 shares during the period. Swedbank AB owned approximately 0.31% of Onto Innovation worth $18,262,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of ONTO. Concurrent Investment Advisors LLC bought a new position in shares of Onto Innovation in the 1st quarter worth $217,000. GAMMA Investing LLC lifted its holdings in shares of 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 purchasing an additional 458 shares in the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of Onto Innovation in the 1st quarter worth $420,000. Oppenheimer Asset Management Inc. lifted its holdings in shares of Onto Innovation by 16.3% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,211 shares of the semiconductor company's stock worth $875,000 after purchasing an additional 1,013 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in shares of Onto Innovation by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 5,785 shares of the semiconductor company's stock worth $701,000 after purchasing an additional 150 shares in the last quarter. 98.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ONTO. Cantor Fitzgerald cut their target price on Onto Innovation from $110.00 to $90.00 and set a "neutral" rating on the stock in a report on Tuesday, June 24th. Jefferies Financial Group set a $110.00 target price on Onto Innovation and gave the stock a "hold" rating in a report on Tuesday, May 20th. Benchmark cut their target price on Onto Innovation from $190.00 to $160.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Finally, B. Riley lowered their price target on Onto Innovation from $160.00 to $145.00 and set a "buy" rating for the company in a research report on Friday, August 8th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Onto Innovation has an average rating of "Moderate Buy" and a consensus target price of $137.86.

Onto Innovation Stock Up 2.6%

ONTO stock opened at $111.10 on Monday. The firm has a market capitalization of $5.44 billion, a PE ratio of 27.50, a PEG ratio of 0.75 and a beta of 1.58. Onto Innovation Inc. has a twelve month low of $85.88 and a twelve month high of $228.42. The stock has a 50-day simple moving average of $102.73 and a two-hundred day simple moving average of $109.43.

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). The company had revenue of $253.60 million for the quarter, compared to analysts' expectations of $250.56 million. Onto Innovation had a net margin of 19.29% and a return on equity of 14.38%. The firm's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.32 EPS. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. On average, equities research analysts anticipate 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.

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