TD Asset Management Inc Invests $2.08 Million in Onto Innovation Inc. $ONTO

Key Points

• TD Asset Management Inc. has invested approximately $2.08 million in Onto Innovation Inc. by purchasing 20,590 shares in the 2nd quarter, indicating strong institutional interest in the semiconductor company.
• Onto Innovation's stock price decreased by 0.9% to $134.43, with a market cap of $6.59 billion and a P/E ratio of 33.27.
• Analysts have shown mixed sentiments, with some raising target prices significantly, such as Oppenheimer increasing its target from $130.00 to $180.00, while others maintained a more conservative outlook.

TD Asset Management Inc purchased a new position in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 20,590 shares of the semiconductor company's stock, valued at approximately $2,078,000.

Other large investors also recently made changes to their positions in the company. Banque Cantonale Vaudoise bought a new stake in shares of Onto Innovation during the 1st quarter worth about $29,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of 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 acquiring an additional 108 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of 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 acquiring an additional 259 shares in the last quarter. Berbice Capital Management LLC boosted its stake in shares of Onto Innovation by 33.3% during the 1st quarter. Berbice Capital Management LLC now owns 400 shares of the semiconductor company's stock worth $49,000 after acquiring an additional 100 shares in the last quarter. Finally, Brooklyn Investment Group boosted its stake in shares of Onto Innovation by 3,690.9% during the 1st quarter. Brooklyn Investment Group now owns 417 shares of the semiconductor company's stock worth $51,000 after acquiring an additional 406 shares in the last quarter. Institutional investors own 98.35% of the company's stock.

Onto Innovation Stock Down 0.9%

Onto Innovation stock opened at $134.43 on Wednesday. The business has a 50 day moving average price of $120.05 and a two-hundred day moving average price of $109.62. The stock has a market cap of $6.59 billion, a price-to-earnings ratio of 33.27, a price-to-earnings-growth ratio of 0.93 and a beta of 1.61. 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 posted its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.02). The firm had revenue of $253.60 million during the quarter, compared to analyst estimates of $250.56 million. Onto Innovation had a net margin of 19.29% and a return on equity of 14.38%. The company's revenue was up 4.7% on a year-over-year basis. During the same period last year, the company earned $1.32 EPS. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. On average, analysts expect that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on ONTO shares. Oppenheimer increased their target price on Onto Innovation from $130.00 to $180.00 and gave the company an "outperform" rating in a research note on Tuesday, October 14th. B. Riley increased their target price on Onto Innovation from $145.00 to $170.00 and gave the company a "buy" rating in a research note on Friday, October 10th. Cantor Fitzgerald decreased their target price on Onto Innovation from $110.00 to $90.00 and set a "neutral" rating for the company in a research note on Tuesday, June 24th. Weiss Ratings restated a "hold (c)" rating on shares of Onto Innovation in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus increased their target price on Onto Innovation from $110.00 to $120.00 and gave the company a "hold" rating in a research note on Monday, October 13th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, Onto Innovation presently has a consensus rating of "Moderate Buy" and an average target price of $148.57.

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.

Want to see what other hedge funds are holding ONTO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Onto Innovation Inc. (NYSE:ONTO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.