South Dakota Investment Council Invests $1.01 Million in Onto Innovation Inc. $ONTO

South Dakota Investment Council bought a new position in shares of Onto Innovation Inc. (NYSE:ONTO) in the second quarter, HoldingsChannel reports. The firm bought 10,000 shares of the semiconductor company’s stock, valued at approximately $1,009,000.

Other large investors have also modified their holdings of the company. Banque Cantonale Vaudoise purchased a new position in Onto Innovation in the 1st quarter valued at approximately $29,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in Onto Innovation by 79.4% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 244 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 108 shares in the last quarter. Larson Financial Group LLC increased its stake in Onto Innovation by 3,700.0% in the 1st quarter. Larson Financial Group LLC now owns 266 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 259 shares in the last quarter. Berbice Capital Management LLC increased its stake in Onto Innovation by 33.3% in the 1st quarter. Berbice Capital Management LLC now owns 400 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 100 shares in the last quarter. Finally, Brooklyn Investment Group increased its stake in Onto Innovation by 3,690.9% in the 1st quarter. Brooklyn Investment Group now owns 417 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 406 shares in the last quarter. 98.35% of the stock is owned by hedge funds and other institutional investors.

Onto Innovation Stock Performance

Shares of ONTO opened at $129.09 on Wednesday. The stock has a 50-day moving average price of $124.94 and a 200 day moving average price of $110.57. Onto Innovation Inc. has a one year low of $85.88 and a one year high of $228.42. The company has a market capitalization of $6.33 billion, a P/E ratio of 31.95, a P/E/G ratio of 0.94 and a beta of 1.61.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.02). The firm had revenue of $253.60 million for the quarter, compared to analyst estimates of $250.56 million. Onto Innovation had a net margin of 19.29% and a return on equity of 14.38%. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.32 EPS. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. As a group, equities research analysts forecast that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ONTO. B. Riley raised their price objective on Onto Innovation from $145.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Oppenheimer lifted their target price on shares of Onto Innovation from $130.00 to $180.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Jefferies Financial Group raised Onto Innovation from a “hold” rating to a “buy” rating and raised their price target for the stock from $100.00 to $170.00 in a research report on Tuesday, September 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Onto Innovation in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus raised their price target on Onto Innovation from $110.00 to $120.00 and gave the stock a “hold” rating in a research report on Monday, October 13th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $150.00.

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.