Onto Innovation Inc. $ONTO Shares Acquired by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC grew its stake in shares of Onto Innovation Inc. (NYSE:ONTO) by 1.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 47,842 shares of the semiconductor company’s stock after purchasing an additional 887 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Onto Innovation were worth $4,829,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in Onto Innovation by 75.0% during the 1st quarter. GAMMA Investing LLC now owns 1,069 shares of the semiconductor company’s stock worth $130,000 after purchasing an additional 458 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Onto Innovation by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 5,785 shares of the semiconductor company’s stock worth $701,000 after buying an additional 150 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in shares of Onto Innovation by 16.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 7,211 shares of the semiconductor company’s stock valued at $875,000 after buying an additional 1,013 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of Onto Innovation in the 1st quarter valued at $420,000. Finally, Moran Wealth Management LLC purchased a new position in Onto Innovation in the 1st quarter worth $2,136,000. 98.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ONTO. B. Riley raised their price objective on Onto Innovation from $145.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Jefferies Financial Group raised shares of Onto Innovation from a “hold” rating to a “buy” rating and raised their price target for the stock from $100.00 to $170.00 in a research report on Tuesday, September 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Onto Innovation in a report on Wednesday, October 8th. Stifel Nicolaus raised their target price on shares of Onto Innovation from $110.00 to $120.00 and gave the stock a “hold” rating in a report on Monday, October 13th. Finally, Oppenheimer boosted their target price on shares of Onto Innovation from $130.00 to $180.00 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $148.57.

Onto Innovation Price Performance

NYSE:ONTO opened at $125.18 on Thursday. The firm has a market cap of $6.13 billion, a price-to-earnings ratio of 30.98, a price-to-earnings-growth ratio of 0.92 and a beta of 1.61. The company has a 50 day moving average price of $120.32 and a 200-day moving average price of $109.72. Onto Innovation Inc. has a 1-year low of $85.88 and a 1-year high of $228.42.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.02). Onto Innovation had a return on equity of 14.38% and a net margin of 19.29%.The firm had revenue of $253.60 million for the quarter, compared to analysts’ expectations of $250.56 million. During the same period last year, the company posted $1.32 earnings per share. The business’s quarterly revenue was up 4.7% on a year-over-year basis. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. On average, sell-side analysts anticipate that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal 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.