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William Blair Investment Management LLC Boosts Stock Position in Onto Innovation Inc. $ONTO

Onto Innovation logo with Computer and Technology background

Key Points

  • William Blair Investment Management LLC increased its stake in Onto Innovation Inc. by 650.4% during the second quarter, owning over 1.1 million shares valued at approximately $110.9 million.
  • Wall Street analysts have given Onto Innovation an average rating of "Moderate Buy", with price targets ranging from $90.00 to $180.00, highlighting the stock's growth potential.
  • Despite a recent earnings miss, Onto Innovation reported a quarterly revenue increase of 4.7% year-over-year, with guidance suggesting earnings of $0.750-$0.950 EPS for Q3 2025.
  • Five stocks to consider instead of Onto Innovation.

William Blair Investment Management LLC raised its holdings in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 650.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,098,860 shares of the semiconductor company's stock after purchasing an additional 952,419 shares during the quarter. William Blair Investment Management LLC owned 2.25% of Onto Innovation worth $110,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in ONTO. Situational Awareness LP purchased a new position in shares of Onto Innovation in the 1st quarter worth about $71,192,000. Massachusetts Financial Services Co. MA raised its position in Onto Innovation by 48.4% in 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 acquiring an additional 421,165 shares during the period. Amundi boosted its stake in Onto Innovation by 199.2% in the first quarter. Amundi now owns 347,900 shares of the semiconductor company's stock valued at $42,214,000 after acquiring an additional 231,629 shares during the last quarter. Nuveen LLC purchased a new position in Onto Innovation in the first quarter valued at about $25,853,000. Finally, Goldman Sachs Group Inc. grew its position in shares of Onto Innovation by 76.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 482,256 shares of the semiconductor company's stock valued at $58,517,000 after acquiring an additional 208,907 shares during the period. 98.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ONTO has been the topic of a number of research reports. Jefferies Financial Group raised shares of Onto Innovation from a "hold" rating to a "buy" rating and lifted their price target for the stock from $100.00 to $170.00 in a report on Tuesday, September 23rd. Cantor Fitzgerald decreased their target price on 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 upped their price target on Onto Innovation from $110.00 to $120.00 and gave the company a "hold" rating in a research report on Monday. Benchmark cut their price target on Onto Innovation from $190.00 to $160.00 and set a "buy" rating for the company in a research note on Friday, August 8th. Finally, Oppenheimer lifted their price objective on Onto Innovation from $130.00 to $180.00 and gave the stock an "outperform" rating in a report on Tuesday. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Onto Innovation has an average rating of "Moderate Buy" and an average target price of $148.57.

Get Our Latest Analysis on Onto Innovation

Onto Innovation Stock Down 0.9%

Shares of NYSE ONTO opened at $134.36 on Friday. The company has a market cap of $6.58 billion, a P/E ratio of 33.26, a P/E/G ratio of 0.93 and a beta of 1.61. Onto Innovation Inc. has a 52 week low of $85.88 and a 52 week high of $228.42. The business has a 50-day simple moving average of $118.94 and a two-hundred day simple moving average of $109.34.

Onto Innovation (NYSE:ONTO - Get Free Report) last announced its quarterly 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 return on equity of 14.38% and a net margin of 19.29%.The firm had revenue of $253.60 million during the quarter, compared to analysts' expectations of $250.56 million. During the same period in the previous year, the company posted $1.32 earnings per share. The company's quarterly revenue was up 4.7% compared to the same quarter last year. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. Equities research analysts anticipate that Onto Innovation Inc. will post 6.26 EPS for the current year.

Onto Innovation Company 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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