Moran Wealth Management LLC Has $1.75 Million Stake in Onto Innovation Inc. $ONTO

Moran Wealth Management LLC cut its position in Onto Innovation Inc. (NYSE:ONTO) by 1.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,376 shares of the semiconductor company’s stock after selling 226 shares during the quarter. Moran Wealth Management LLC’s holdings in Onto Innovation were worth $1,754,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Concurrent Investment Advisors LLC bought a new position in Onto Innovation in the first quarter valued at approximately $217,000. GAMMA Investing LLC boosted its holdings in shares of Onto Innovation by 75.0% in the 1st 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 in the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of Onto Innovation in the 1st quarter valued at $420,000. Oppenheimer Asset Management Inc. raised its holdings in shares of Onto Innovation by 16.3% during the 1st 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, Harbor Capital Advisors Inc. lifted its position in shares of Onto Innovation by 63.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 23,906 shares of the semiconductor company’s stock worth $2,413,000 after buying an additional 9,324 shares during the last quarter. Institutional investors own 98.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. 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. Jefferies Financial Group raised shares of Onto Innovation from a “hold” rating to a “buy” rating and lifted their price target for the company from $100.00 to $170.00 in a report on Tuesday, September 23rd. Oppenheimer upped their price objective on shares of Onto Innovation from $130.00 to $180.00 and gave the stock an “outperform” rating in a research report on Tuesday. B. Riley raised their target price on shares of Onto Innovation from $145.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Finally, Cantor Fitzgerald decreased their target price on shares of Onto Innovation from $110.00 to $90.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 24th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Onto Innovation presently has a consensus rating of “Moderate Buy” and an average target price of $148.57.

Onto Innovation Price Performance

ONTO opened at $133.38 on Thursday. Onto Innovation Inc. has a fifty-two week low of $85.88 and a fifty-two week high of $228.42. The company’s 50 day moving average price is $117.45 and its two-hundred day moving average price is $109.17. The firm has a market capitalization of $6.54 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 0.89 and a beta of 1.61.

Onto Innovation (NYSE:ONTO) last issued its quarterly 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 business had revenue of $253.60 million for the quarter, compared to analyst estimates of $250.56 million. During the same quarter last year, the firm posted $1.32 EPS. Onto Innovation’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. As a group, equities research analysts predict that Onto Innovation Inc. will post 6.26 EPS for the current year.

About Onto Innovation

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.