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Verdence Capital Advisors LLC Makes New Investment in Onto Innovation Inc. $ONTO

Onto Innovation logo with Computer and Technology background

Key Points

  • Verdence Capital Advisors LLC has invested approximately $2.92 million in Onto Innovation Inc., acquiring 28,933 shares during the second quarter.
  • Onto Innovation's stock has recently seen a decline of 11.2%, with a current market price of $121.30 and a P/E ratio of 30.02.
  • Analysts' target prices for Onto Innovation vary significantly, ranging from a low of $90 to a high of $170, with the stock receiving a consensus rating of "Moderate Buy."
  • MarketBeat previews top five stocks to own in November.

Verdence Capital Advisors LLC bought a new position in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 28,933 shares of the semiconductor company's stock, valued at approximately $2,920,000. Verdence Capital Advisors LLC owned about 0.06% of Onto Innovation at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ONTO. Banque Cantonale Vaudoise purchased a new stake in shares of Onto Innovation during the first quarter worth about $29,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Onto Innovation by 79.4% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 244 shares of the semiconductor company's stock worth $30,000 after buying an additional 108 shares in the last quarter. Larson Financial Group LLC grew its holdings in shares of Onto Innovation by 3,700.0% during the first quarter. Larson Financial Group LLC now owns 266 shares of the semiconductor company's stock worth $32,000 after buying an additional 259 shares in the last quarter. Berbice Capital Management LLC grew its holdings in shares of Onto Innovation by 33.3% during the first quarter. Berbice Capital Management LLC now owns 400 shares of the semiconductor company's stock worth $49,000 after buying an additional 100 shares in the last quarter. Finally, Brooklyn Investment Group grew its holdings in shares of Onto Innovation by 3,690.9% during the first quarter. Brooklyn Investment Group now owns 417 shares of the semiconductor company's stock worth $51,000 after buying an additional 406 shares in the last quarter. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

Onto Innovation Stock Down 11.2%

ONTO opened at $121.30 on Monday. Onto Innovation Inc. has a 52-week low of $85.88 and a 52-week high of $228.42. The company has a 50 day moving average of $115.21 and a two-hundred day moving average of $108.79. The company has a market cap of $5.94 billion, a P/E ratio of 30.02, a P/E/G ratio of 0.82 and a beta of 1.61.

Onto Innovation (NYSE:ONTO - Get Free Report) last posted its earnings results on Thursday, August 7th. The semiconductor company reported $1.25 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 firm had revenue of $253.60 million for the quarter, compared to analyst estimates of $250.56 million. During the same period in the previous year, the firm posted $1.32 earnings per share. The company's revenue for the quarter 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 anticipate that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on ONTO. Weiss Ratings reiterated a "hold (c)" rating on shares of Onto Innovation in a report on Wednesday, October 8th. B. Riley boosted their target price on shares of Onto Innovation from $145.00 to $170.00 and gave the company a "buy" rating in a report on Friday. Cantor Fitzgerald lowered their target price on shares of Onto Innovation from $110.00 to $90.00 and set a "neutral" rating for the company in a report 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 company from $100.00 to $170.00 in a report on Tuesday, September 23rd. Finally, Benchmark lowered their target price on shares of Onto Innovation from $190.00 to $160.00 and set a "buy" rating for the company in a report on Friday, August 8th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $150.00.

View Our Latest Stock Report on Onto Innovation

Onto Innovation Profile

(Free Report)

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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Institutional Ownership by Quarter for Onto Innovation (NYSE:ONTO)

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