Value Holdings Management CO. LLC Boosts Stock Position in Onto Innovation Inc. $ONTO

Value Holdings Management CO. LLC raised its holdings in shares of Onto Innovation Inc. (NYSE:ONTO) by 9.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 152,375 shares of the semiconductor company’s stock after buying an additional 13,000 shares during the quarter. Onto Innovation comprises 2.7% of Value Holdings Management CO. LLC’s portfolio, making the stock its 14th largest holding. Value Holdings Management CO. LLC’s holdings in Onto Innovation were worth $15,380,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. William Blair Investment Management LLC lifted its holdings in shares of Onto Innovation by 650.4% in the 2nd quarter. William Blair Investment Management LLC now owns 1,098,860 shares of the semiconductor company’s stock worth $110,908,000 after acquiring an additional 952,419 shares during the last quarter. Geneva Capital Management LLC increased its position in Onto Innovation by 6.5% during the 2nd quarter. Geneva Capital Management LLC now owns 1,081,662 shares of the semiconductor company’s stock valued at $109,172,000 after purchasing an additional 66,339 shares during the period. Situational Awareness LP bought a new stake in shares of Onto Innovation in the 1st quarter valued at about $71,192,000. Wellington Management Group LLP lifted its position in shares of Onto Innovation by 12.6% in the 1st quarter. Wellington Management Group LLP now owns 489,413 shares of the semiconductor company’s stock worth $59,385,000 after purchasing an additional 54,607 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Onto Innovation by 76.4% during the first quarter. Goldman Sachs Group Inc. now owns 482,256 shares of the semiconductor company’s stock valued at $58,517,000 after purchasing an additional 208,907 shares in the last quarter. Institutional investors own 98.35% of the company’s stock.

Onto Innovation Price Performance

NYSE:ONTO opened at $128.02 on Friday. Onto Innovation Inc. has a 1-year low of $85.88 and a 1-year high of $228.42. The firm has a market capitalization of $6.27 billion, a P/E ratio of 31.69, a PEG ratio of 0.94 and a beta of 1.64. The company’s fifty day moving average price is $129.60 and its 200-day moving average price is $111.48.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. Onto Innovation had a net margin of 19.29% and a return on equity of 14.38%. The business had revenue of $218.19 million for the quarter, compared to analysts’ expectations of $220.23 million. During the same quarter last year, the company earned $1.34 EPS. The business’s revenue was down 13.5% on a year-over-year basis. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS. Equities analysts anticipate that Onto Innovation Inc. will post 6.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ONTO shares. Stifel Nicolaus increased their target price on Onto Innovation from $110.00 to $120.00 and gave the company a “hold” rating in a research report on Monday, October 13th. Oppenheimer boosted their price target on Onto Innovation from $130.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Onto Innovation in a research report on Wednesday, October 8th. Benchmark dropped their target price on shares of Onto Innovation from $190.00 to $160.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. Finally, Evercore ISI upped their price target on shares of Onto Innovation from $115.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.