Taylor Frigon Capital Management LLC Buys 6,714 Shares of Onto Innovation Inc. $ONTO

Key Points

• Taylor Frigon Capital Management LLC increased its holdings in Onto Innovation by 40.2%, acquiring an additional 6,714 shares, bringing their total ownership to 23,423 shares valued at approximately $2.36 million.
• Other institutional investors, including Massachusetts Financial Services and Goldman Sachs Group, have also boosted their stakes in Onto Innovation, reflecting a trend of increased interest, with 98.35% of the stock owned by institutional investors.
• Onto Innovation reported earnings per share of $1.25 for the last quarter, which missed analysts' expectations, but achieved revenue of $253.60 million, an increase of 4.7% year-over-year.

Taylor Frigon Capital Management LLC grew its position in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 40.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,423 shares of the semiconductor company's stock after purchasing an additional 6,714 shares during the period. Taylor Frigon Capital Management LLC's holdings in Onto Innovation were worth $2,364,000 at the end of the most recent reporting period.

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

Onto Innovation Trading Down 0.1%

ONTO stock opened at $127.81 on Monday. The stock has a market cap of $6.26 billion, a PE ratio of 31.63, a P/E/G ratio of 0.86 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. The company has a 50-day moving average price of $107.73 and a 200 day moving average price of $108.82.

Onto Innovation (NYSE:ONTO - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $253.60 million during the quarter, compared to analysts' expectations of $250.56 million. During the same period last year, the company earned $1.32 earnings per share. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. Sell-side analysts forecast that Onto Innovation Inc. will post 6.26 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ONTO shares. 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 research note on Tuesday, June 24th. Jefferies Financial Group upgraded shares of Onto Innovation from a "hold" rating to a "buy" rating and boosted their target price for the stock from $100.00 to $170.00 in a report on Tuesday, September 23rd. B. Riley lowered their price target on shares of Onto Innovation from $160.00 to $145.00 and set a "buy" rating for the company in a report on Friday, August 8th. Finally, Benchmark dropped their price target on Onto Innovation from $190.00 to $160.00 and set a "buy" rating for the company in a research report on Friday, August 8th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Onto Innovation has a consensus rating of "Moderate Buy" and a consensus 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.

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