United Services Automobile Association Takes $388,000 Position in Onto Innovation Inc. $ONTO

Key Points

• United Services Automobile Association has acquired a new stake in Onto Innovation, purchasing 3,182 shares valued at approximately $388,000.
• Onto Innovation reported a quarterly earnings per share (EPS) of $1.25, slightly missing the consensus estimate of $1.27, while year-over-year revenue increased by 4.7% to $253.60 million.
• Hedge funds and institutional investors own a significant majority of Onto Innovation, with institutional holdings at 98.35% of the company's stock.

United Services Automobile Association purchased a new stake in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,182 shares of the semiconductor company's stock, valued at approximately $388,000.

Other institutional investors have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB grew its position in Onto Innovation by 177.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 236 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 151 shares during the period. Banque Cantonale Vaudoise purchased a new stake in Onto Innovation during the first quarter valued at about $29,000. Migdal Insurance & Financial Holdings Ltd. grew its position in Onto Innovation by 79.4% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 244 shares of the semiconductor company's stock valued at $30,000 after acquiring an additional 108 shares during the period. Larson Financial Group LLC grew its position in Onto Innovation by 3,700.0% during the first quarter. Larson Financial Group LLC now owns 266 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 259 shares during the period. Finally, Berbice Capital Management LLC grew its position in Onto Innovation by 33.3% during the first quarter. Berbice Capital Management LLC now owns 400 shares of the semiconductor company's stock valued at $49,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 98.35% of the company's stock.

Onto Innovation Price Performance

Shares of NYSE ONTO opened at $108.06 on Friday. Onto Innovation Inc. has a 1-year low of $85.88 and a 1-year high of $228.42. The business has a 50-day moving average of $102.54 and a 200-day moving average of $110.27. The company has a market capitalization of $5.30 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 0.72 and a beta of 1.58.

Onto Innovation (NYSE:ONTO - Get Free Report) last released 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). 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 during the quarter, compared to analyst estimates of $250.56 million. During the same quarter last year, the firm posted $1.32 EPS. The company's revenue 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. Research analysts expect that Onto Innovation Inc. will post 6.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ONTO has been the subject of a number of research reports. Wall Street Zen raised Onto Innovation from a "sell" rating to a "hold" rating in a research report on Saturday, May 17th. Cantor Fitzgerald lowered their price target on Onto Innovation from $110.00 to $90.00 and set a "neutral" rating for the company in a research report on Tuesday, June 24th. B. Riley decreased their target price 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. Jefferies Financial Group set a $110.00 target price on Onto Innovation and gave the stock a "hold" rating in a research report on Tuesday, May 20th. Finally, Benchmark decreased their target price 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. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $137.86.

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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