4,499 Shares in Onto Innovation Inc. $ONTO Acquired by Versor Investments LP

Key Points

• Versor Investments LP invested $546,000 in Onto Innovation Inc., acquiring 4,499 shares, as reported in their latest Form 13F filing.
• In the 1st quarter, several institutional investors modified their holdings in Onto Innovation, with a total institutional ownership of 98.35% of the company's stock.
• Onto Innovation reported Q2 earnings of $1.25 EPS, slightly below the consensus estimate, but its revenue of $253.60 million exceeded expectations.

Versor Investments LP purchased a new stake in Onto Innovation Inc. (NYSE:ONTO - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,499 shares of the semiconductor company's stock, valued at approximately $546,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Concurrent Investment Advisors LLC acquired a new stake in shares of Onto Innovation in the first quarter valued at about $217,000. GAMMA Investing LLC grew its position in shares of Onto Innovation by 75.0% in the first quarter. GAMMA Investing LLC now owns 1,069 shares of the semiconductor company's stock valued at $130,000 after purchasing an additional 458 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Onto Innovation during the first quarter worth about $420,000. Oppenheimer Asset Management Inc. grew its position in Onto Innovation by 16.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 7,211 shares of the semiconductor company's stock worth $875,000 after buying an additional 1,013 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in Onto Innovation by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 5,785 shares of the semiconductor company's stock worth $701,000 after buying an additional 150 shares in the last quarter. 98.35% of the stock is owned by institutional investors and hedge funds.

Onto Innovation Price Performance

Shares of NYSE:ONTO traded down $0.16 during trading on Monday, reaching $108.34. The stock had a trading volume of 787,641 shares, compared to its average volume of 1,527,808. Onto Innovation Inc. has a 52 week low of $85.88 and a 52 week high of $228.42. The business's 50-day moving average price is $100.68 and its 200 day moving average price is $115.38. The stock has a market capitalization of $5.31 billion, a PE ratio of 26.82, a P/E/G ratio of 0.73 and a beta of 1.44.

Onto Innovation (NYSE:ONTO - Get Free Report) last posted its earnings results 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 net margin of 19.29% and a return on equity of 14.38%. The firm had revenue of $253.60 million during the quarter, compared to the consensus estimate of $250.56 million. During the same quarter last year, the firm posted $1.32 EPS. The business's 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. Analysts forecast that Onto Innovation Inc. will post 6.26 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ONTO shares. 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. Needham & Company LLC decreased their target price on Onto Innovation from $230.00 to $150.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Oppenheimer decreased their target price on Onto Innovation from $150.00 to $130.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Wall Street Zen raised Onto Innovation from a "sell" rating to a "hold" rating in a research report on Saturday, May 17th. Finally, Benchmark decreased their target price on Onto Innovation from $190.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, August 8th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.