Value Aligned Research Advisors LLC Purchases 43,489 Shares of Onto Innovation Inc. $ONTO

Key Points

• Value Aligned Research Advisors LLC has increased its holdings in Onto Innovation Inc. by 24.1%, owning approximately 0.46% of the company valued at $27.16 million.
• Onto Innovation reported a Q2 earnings per share of $1.25, which fell short of the consensus estimate, despite a 4.7% increase in revenue from the previous year.
• Recent analyst ratings reflect a mixed sentiment, with the consensus giving the stock a "Moderate Buy" rating and an average price target of approximately $137.86.

Value Aligned Research Advisors LLC increased its holdings in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 24.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 223,840 shares of the semiconductor company's stock after acquiring an additional 43,489 shares during the quarter. Onto Innovation makes up about 2.0% of Value Aligned Research Advisors LLC's holdings, making the stock its 15th largest position. Value Aligned Research Advisors LLC owned about 0.46% of Onto Innovation worth $27,161,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Panagora Asset Management Inc. bought a new stake in Onto Innovation during the first quarter worth $20,844,000. Vident Advisory LLC lifted its holdings in Onto Innovation by 25.1% during the first quarter. Vident Advisory LLC now owns 1,703 shares of the semiconductor company's stock worth $207,000 after acquiring an additional 342 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Onto Innovation by 1.1% during the first quarter. The Manufacturers Life Insurance Company now owns 249,698 shares of the semiconductor company's stock worth $30,298,000 after acquiring an additional 2,715 shares during the period. Magnetar Financial LLC lifted its holdings in Onto Innovation by 224.8% during the first quarter. Magnetar Financial LLC now owns 61,698 shares of the semiconductor company's stock worth $7,486,000 after acquiring an additional 42,701 shares during the period. Finally, Situational Awareness LP bought a new stake in Onto Innovation during the first quarter worth $71,192,000. 98.35% of the stock is currently owned by institutional investors.

Onto Innovation Stock Down 0.6%

Shares of ONTO stock traded down $0.57 on Thursday, reaching $102.09. The company's stock had a trading volume of 893,715 shares, compared to its average volume of 1,237,038. Onto Innovation Inc. has a 12-month low of $85.88 and a 12-month high of $228.42. The company has a market capitalization of $5.00 billion, a P/E ratio of 25.27, a PEG ratio of 0.71 and a beta of 1.58. The stock's 50 day simple moving average is $102.08 and its 200-day simple moving average is $112.87.

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 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 business had revenue of $253.60 million during the quarter, compared to analysts' expectations of $250.56 million. During the same quarter last year, the business posted $1.32 EPS. The company's quarterly revenue 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 expect that Onto Innovation Inc. will post 6.26 EPS for the current year.

Wall Street Analysts Forecast Growth

ONTO has been the subject of a number of recent research reports. 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. Oppenheimer decreased their target price on Onto Innovation from $150.00 to $130.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. 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. Wall Street Zen raised Onto Innovation from a "sell" rating to a "hold" rating in a report on Saturday, May 17th. Finally, Cantor Fitzgerald cut their price target on Onto Innovation from $110.00 to $90.00 and set a "neutral" rating for the company in a report on Tuesday, June 24th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.