TT International Asset Management LTD Invests $38.86 Million in Onto Innovation Inc. $ONTO

TT International Asset Management LTD acquired a new stake in shares of Onto Innovation Inc. (NYSE:ONTO) during the third quarter, HoldingsChannel reports. The fund acquired 300,703 shares of the semiconductor company’s stock, valued at approximately $38,857,000. Onto Innovation makes up approximately 5.4% of TT International Asset Management LTD’s holdings, making the stock its 4th largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ONTO. Harbor Capital Advisors Inc. increased its stake in shares of Onto Innovation by 63.9% in the second quarter. Harbor Capital Advisors Inc. now owns 23,906 shares of the semiconductor company’s stock worth $2,413,000 after purchasing an additional 9,324 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Onto Innovation in the 2nd quarter worth $258,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Onto Innovation in the 2nd quarter worth $1,997,000. Verdence Capital Advisors LLC purchased a new stake in Onto Innovation in the 2nd quarter worth $2,920,000. Finally, Nicholas Company Inc. raised its holdings in Onto Innovation by 31.9% during the second quarter. Nicholas Company Inc. now owns 38,816 shares of the semiconductor company’s stock valued at $3,918,000 after acquiring an additional 9,385 shares during the period. 98.35% of the stock is owned by hedge funds and other institutional investors.

Onto Innovation Price Performance

Shares of ONTO opened at $155.99 on Tuesday. The stock has a market capitalization of $7.65 billion, a price-to-earnings ratio of 44.07, a price-to-earnings-growth ratio of 1.05 and a beta of 1.48. Onto Innovation Inc. has a 1 year low of $85.88 and a 1 year high of $228.42. The business’s 50 day simple moving average is $138.66 and its 200-day simple moving average is $117.54.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.03. The company had revenue of $218.19 million for the quarter, compared to analysts’ expectations of $220.23 million. Onto Innovation had a net margin of 17.46% and a return on equity of 13.11%. Onto Innovation’s quarterly revenue was down 13.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.34 earnings per share. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS. On average, sell-side analysts expect that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ONTO. Needham & Company LLC reaffirmed a “buy” rating and issued a $150.00 price objective on shares of Onto Innovation in a research note on Tuesday, November 18th. Oppenheimer upped 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. Jefferies Financial Group lifted their price objective on shares of Onto Innovation from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Monday. Weiss Ratings restated a “hold (c)” rating on shares of Onto Innovation in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus raised their target price on shares of Onto Innovation from $110.00 to $120.00 and gave the company a “hold” rating in a research note on Monday, October 13th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $155.00.

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.