Summitry LLC Purchases 696 Shares of Onto Innovation Inc. $ONTO

Summitry LLC boosted its position in shares of Onto Innovation Inc. (NYSE:ONTO) by 29.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,100 shares of the semiconductor company’s stock after buying an additional 696 shares during the period. Summitry LLC’s holdings in Onto Innovation were worth $313,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Banque Cantonale Vaudoise purchased a new stake in shares of Onto Innovation during the 1st quarter worth approximately $29,000. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Onto Innovation by 79.4% in the first 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 position in Onto Innovation by 3,700.0% in the first quarter. Larson Financial Group LLC now owns 266 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 259 shares during the last quarter. Brooklyn Investment Group raised its stake in Onto Innovation by 3,690.9% during the first 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. Finally, SBI Securities Co. Ltd. raised its stake in Onto Innovation by 148.5% during the second quarter. SBI Securities Co. Ltd. now owns 671 shares of the semiconductor company’s stock valued at $68,000 after purchasing an additional 401 shares in the last quarter. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on ONTO shares. Stifel Nicolaus lifted their price objective on shares of Onto Innovation from $110.00 to $120.00 and gave the stock a “hold” rating in a research note on Monday, October 13th. Oppenheimer lifted their price target on 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 boosted their price objective for the stock from $100.00 to $170.00 in a research note on Tuesday, September 23rd. B. Riley upped their price objective on Onto Innovation from $145.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Onto Innovation in a research note on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Onto Innovation presently has a consensus rating of “Moderate Buy” and an average price target of $150.00.

Onto Innovation Trading Down 1.3%

NYSE ONTO opened at $128.02 on Friday. The stock has a market cap of $6.27 billion, a PE ratio of 31.69, a PEG ratio of 0.94 and a beta of 1.64. Onto Innovation Inc. has a 12 month low of $85.88 and a 12 month high of $228.42. The company’s 50-day moving average price is $129.60 and its 200-day moving average price is $111.41.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.03. The company had revenue of $218.19 million during the quarter, compared to analysts’ expectations of $220.23 million. Onto Innovation had a net margin of 19.29% and a return on equity of 14.38%. The firm’s quarterly revenue was down 13.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.34 EPS. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS. As a group, sell-side analysts forecast that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

Onto Innovation 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.