Peterson Wealth Services Purchases 26,379 Shares of Onto Innovation Inc. $ONTO

Peterson Wealth Services increased its position in Onto Innovation Inc. (NYSE:ONTO) by 155,170.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 26,396 shares of the semiconductor company’s stock after purchasing an additional 26,379 shares during the period. Onto Innovation makes up 0.8% of Peterson Wealth Services’ holdings, making the stock its 27th biggest holding. Peterson Wealth Services’ holdings in Onto Innovation were worth $3,411,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in Onto Innovation by 2,061.5% in the 3rd quarter. Blue Trust Inc. now owns 281 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 268 shares during the last quarter. Harbor Investment Advisory LLC purchased a new stake in shares of Onto Innovation during the third quarter worth about $37,000. Farther Finance Advisors LLC boosted its holdings in shares of Onto Innovation by 76.8% during the third quarter. Farther Finance Advisors LLC now owns 320 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 139 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Onto Innovation in the third quarter worth about $47,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Onto Innovation by 206.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 577 shares of the semiconductor company’s stock valued at $58,000 after purchasing an additional 389 shares during the period. 98.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ONTO has been the topic of several research analyst reports. Zacks Research raised Onto Innovation from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 31st. Cantor Fitzgerald reiterated a “neutral” rating and issued a $170.00 price target on shares of Onto Innovation in a report on Tuesday, December 16th. Evercore ISI boosted their price objective on shares of Onto Innovation from $115.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Jefferies Financial Group raised their target price on shares of Onto Innovation from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Finally, Stifel Nicolaus lifted their target price on shares of Onto Innovation from $126.00 to $180.00 and gave the company a “hold” rating in a research note on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $193.75.

Onto Innovation Stock Up 0.0%

ONTO stock opened at $202.06 on Tuesday. The business has a 50 day moving average of $175.73 and a 200 day moving average of $138.95. The firm has a market cap of $9.90 billion, a PE ratio of 57.08, a price-to-earnings-growth ratio of 1.12 and a beta of 1.49. Onto Innovation Inc. has a twelve month low of $85.88 and a twelve month high of $227.07.

Onto Innovation (NYSE:ONTO) last released its earnings results 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 return on equity of 13.11% and a net margin of 17.46%.The firm had revenue of $218.19 million for the quarter, compared to analysts’ expectations of $220.23 million. During the same period in the prior year, the firm posted $1.34 earnings per share. The company’s quarterly 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. On average, research analysts expect that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

Onto Innovation Profile

Onto Innovation (NYSE:ONTO) is a global supplier of advanced process control and inspection systems for semiconductor and electronics manufacturers. The company’s solutions span metrology, inspection, defect review and lithography mask repair, helping customers optimize yield, reduce costs and improve device performance. By integrating high-resolution optical and e-beam tools with sophisticated software analytics, Onto Innovation enables wafer, mask and advanced packaging producers to maintain tight process control across leading-edge nodes and specialty applications.

Key products include high-throughput wafer metrology systems, optical and e-beam defect inspection platforms, mask inspection and repair tools, and data-driven software for yield management and process optimization.