Vontobel Holding Ltd. Sells 4,579 Shares of Onto Innovation Inc. $ONTO

Key Points

• Vontobel Holding Ltd. has reduced its stake in Onto Innovation Inc. by 51.2%, selling 4,579 shares, leaving them with 4,371 shares valued at approximately $441,000.
• Multiple institutional investors have increased their holdings in Onto Innovation, with significant purchases made by Massachusetts Financial Services Co., Amundi, Nuveen, and Goldman Sachs.
• Analysts have given Onto Innovation mixed reviews, with ratings ranging from "buy" to "hold," and the consensus price target is set at $148.57.

Vontobel Holding Ltd. lessened its holdings in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 51.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,371 shares of the semiconductor company's stock after selling 4,579 shares during the quarter. Vontobel Holding Ltd.'s holdings in Onto Innovation were worth $441,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Situational Awareness LP bought a new stake in Onto Innovation during the first quarter worth about $71,192,000. Massachusetts Financial Services Co. MA lifted its position in Onto Innovation by 48.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,291,415 shares of the semiconductor company's stock worth $156,700,000 after purchasing an additional 421,165 shares during the period. Amundi lifted its position in Onto Innovation by 199.2% during the first quarter. Amundi now owns 347,900 shares of the semiconductor company's stock worth $42,214,000 after purchasing an additional 231,629 shares during the period. Nuveen LLC bought a new stake in Onto Innovation during the first quarter worth about $25,853,000. Finally, Goldman Sachs Group Inc. lifted its position in Onto Innovation by 76.4% during the first quarter. Goldman Sachs Group Inc. now owns 482,256 shares of the semiconductor company's stock worth $58,517,000 after purchasing an additional 208,907 shares during the period. Institutional investors own 98.35% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group raised shares of Onto Innovation from a "hold" rating to a "buy" rating and upped their price objective for the stock from $100.00 to $170.00 in a research report on Tuesday, September 23rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Onto Innovation in a research report on Wednesday, October 8th. Cantor Fitzgerald cut their price objective on shares of Onto Innovation from $110.00 to $90.00 and set a "neutral" rating for the company in a research report on Tuesday, June 24th. Stifel Nicolaus increased their target price on shares of Onto Innovation from $110.00 to $120.00 and gave the stock a "hold" rating in a report on Monday. Finally, Oppenheimer increased their target price on shares of Onto Innovation from $130.00 to $180.00 and gave the stock an "outperform" rating in a report on Tuesday. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Onto Innovation has an average rating of "Moderate Buy" and a consensus price target of $148.57.

Onto Innovation Stock Up 0.7%

Shares of ONTO stock opened at $130.42 on Wednesday. The firm has a market capitalization of $6.39 billion, a P/E ratio of 32.28, a P/E/G ratio of 0.88 and a beta of 1.61. Onto Innovation Inc. has a twelve month low of $85.88 and a twelve month high of $228.42. The stock's fifty day simple moving average is $116.58 and its 200 day simple moving average is $109.00.

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 for the quarter, missing analysts' consensus estimates of $1.27 by ($0.02). The firm had revenue of $253.60 million for the quarter, compared to the consensus estimate of $250.56 million. Onto Innovation had a return on equity of 14.38% and a net margin of 19.29%.The company's revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.32 EPS. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. As a group, equities research analysts expect 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.

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