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) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,499 shares of the semiconductor company's stock, valued at approximately $546,000.

Several other institutional investors have also modified their holdings of the stock. Raymond James Financial Inc. raised its stake in Onto Innovation by 10.3% during the first quarter. Raymond James Financial Inc. now owns 290,441 shares of the semiconductor company's stock worth $35,242,000 after purchasing an additional 27,094 shares during the period. Cresset Asset Management LLC lifted its holdings in Onto Innovation by 11.4% in the first quarter. Cresset Asset Management LLC now owns 1,765 shares of the semiconductor company's stock valued at $214,000 after acquiring an additional 181 shares during the last quarter. Ethic Inc. increased its stake in Onto Innovation by 14.0% during the first quarter. Ethic Inc. now owns 4,852 shares of the semiconductor company's stock worth $597,000 after acquiring an additional 594 shares during the last quarter. Deepwater Asset Management LLC lifted its stake in shares of Onto Innovation by 10.6% in the 1st quarter. Deepwater Asset Management LLC now owns 105,446 shares of the semiconductor company's stock valued at $12,795,000 after purchasing an additional 10,121 shares during the last quarter. Finally, Element Capital Management LLC purchased a new position in shares of Onto Innovation during the 1st quarter worth $2,485,000. Hedge funds and other institutional investors own 98.35% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ONTO shares. Benchmark reduced their price target on shares of Onto Innovation from $190.00 to $160.00 and set a "buy" rating on the stock in a research note on Friday, August 8th. B. Riley lowered their target price on Onto Innovation from $160.00 to $145.00 and set a "buy" rating for the company in a report on Friday, August 8th. Oppenheimer reduced their target price on shares of Onto Innovation from $150.00 to $130.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Jefferies Financial Group set a $110.00 price target on shares of Onto Innovation and gave the stock a "hold" rating in a research note on Tuesday, May 20th. Finally, Needham & Company LLC reduced their price objective on Onto Innovation from $230.00 to $150.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $137.86.

Onto Innovation Stock Performance

NYSE ONTO traded up $3.0860 during trading on Friday, reaching $108.5460. 914,933 shares of the company's stock were exchanged, compared to its average volume of 1,531,992. Onto Innovation Inc. has a 1 year low of $85.88 and a 1 year high of $228.42. The stock has a market cap of $5.32 billion, a P/E ratio of 26.87, a price-to-earnings-growth ratio of 0.73 and a beta of 1.44. The company has a 50 day moving average price of $100.49 and a two-hundred day moving average price of $116.60.

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 for the quarter, missing the consensus estimate of $1.27 by ($0.02). The business had revenue of $253.60 million for the quarter, compared to analysts' expectations of $250.56 million. Onto Innovation had a return on equity of 14.38% and a net margin of 19.29%.Onto Innovation's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.32 EPS. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. Research analysts forecast that Onto Innovation Inc. will post 6.26 EPS for the current fiscal year.

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.