Franklin Resources Inc. Has $68.07 Million Stake in Onto Innovation Inc. $ONTO

Franklin Resources Inc. reduced its stake in shares of Onto Innovation Inc. (NYSE:ONTO) by 44.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 674,466 shares of the semiconductor company’s stock after selling 533,182 shares during the quarter. Franklin Resources Inc. owned 1.38% of Onto Innovation worth $68,074,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Silvant Capital Management LLC grew its holdings in shares of Onto Innovation by 2.1% in the 1st quarter. Silvant Capital Management LLC now owns 4,958 shares of the semiconductor company’s stock worth $602,000 after purchasing an additional 101 shares during the last quarter. Signaturefd LLC boosted its position in Onto Innovation by 13.9% in the second quarter. Signaturefd LLC now owns 854 shares of the semiconductor company’s stock valued at $86,000 after buying an additional 104 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Onto Innovation by 27.2% during the first quarter. Smartleaf Asset Management LLC now owns 697 shares of the semiconductor company’s stock worth $85,000 after buying an additional 149 shares during the last quarter. Cresset Asset Management LLC grew its stake in Onto Innovation by 11.4% during the first quarter. Cresset Asset Management LLC now owns 1,765 shares of the semiconductor company’s stock worth $214,000 after buying an additional 181 shares during the last quarter. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Onto Innovation during the first quarter worth approximately $29,000. 98.35% of the stock is owned by institutional investors.

Onto Innovation Trading Up 4.0%

Shares of NYSE:ONTO opened at $132.27 on Tuesday. Onto Innovation Inc. has a 1-year low of $85.88 and a 1-year high of $228.42. The stock has a market capitalization of $6.48 billion, a P/E ratio of 32.74, a P/E/G ratio of 0.94 and a beta of 1.64. The business has a 50-day moving average price of $131.95 and a two-hundred day moving average price of $111.47.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share 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 during the quarter, compared to the consensus estimate of $220.23 million. During the same period in the previous year, the firm posted $1.34 earnings per share. Onto Innovation’s revenue for the quarter was down 13.5% compared to the same quarter last year. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS. As a group, equities analysts predict that Onto Innovation Inc. will post 6.26 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on ONTO shares. Stifel Nicolaus boosted their target price on Onto Innovation from $110.00 to $120.00 and gave the stock a “hold” rating in a report on Monday, October 13th. Evercore ISI lifted their price objective on Onto Innovation from $115.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Weiss Ratings restated a “hold (c)” rating on shares of Onto Innovation in a report on Wednesday, October 8th. Oppenheimer raised their target price on Onto Innovation from $130.00 to $180.00 and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Finally, Benchmark cut their price target on Onto Innovation from $190.00 to $160.00 and set a “buy” rating for the company in a report on Friday, August 8th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $151.25.

Onto Innovation Company 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.