Onto Innovation Inc. $ONTO Position Decreased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in shares of Onto Innovation Inc. (NYSE:ONTO) by 66.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 101,032 shares of the semiconductor company’s stock after selling 201,667 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Onto Innovation were worth $10,126,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Jennison Associates LLC boosted its position in shares of Onto Innovation by 2.9% during the 1st quarter. Jennison Associates LLC now owns 3,142 shares of the semiconductor company’s stock valued at $381,000 after purchasing an additional 90 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of Onto Innovation by 2.6% during the 1st quarter. Crossmark Global Holdings Inc. now owns 3,860 shares of the semiconductor company’s stock valued at $468,000 after purchasing an additional 98 shares in the last quarter. Peterson Wealth Services boosted its position in shares of Onto Innovation by 2.2% during the 1st quarter. Peterson Wealth Services now owns 4,585 shares of the semiconductor company’s stock valued at $556,000 after purchasing an additional 98 shares in the last quarter. State of Michigan Retirement System boosted its position in shares of Onto Innovation by 0.9% during the 1st quarter. State of Michigan Retirement System now owns 11,800 shares of the semiconductor company’s stock valued at $1,432,000 after purchasing an additional 100 shares in the last quarter. Finally, Berbice Capital Management LLC boosted its holdings in shares of Onto Innovation by 33.3% in the first quarter. Berbice Capital Management LLC now owns 400 shares of the semiconductor company’s stock worth $49,000 after buying an additional 100 shares during the period. Institutional investors own 98.35% of the company’s stock.

Onto Innovation Price Performance

NYSE ONTO opened at $134.36 on Friday. The company has a 50 day simple moving average of $118.94 and a 200-day simple moving average of $109.23. The firm has a market capitalization of $6.58 billion, a price-to-earnings ratio of 33.26, a price-to-earnings-growth ratio of 0.91 and a beta of 1.61. Onto Innovation Inc. has a 52-week low of $85.88 and a 52-week high of $228.42.

Onto Innovation (NYSE:ONTO) last posted 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). The company had revenue of $253.60 million during the quarter, compared to analysts’ expectations of $250.56 million. Onto Innovation had a return on equity of 14.38% and a net margin of 19.29%.Onto Innovation’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $1.32 earnings per share. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. On average, analysts predict that Onto Innovation Inc. will post 6.26 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on ONTO shares. Benchmark decreased their target price on shares of Onto Innovation from $190.00 to $160.00 and set a “buy” rating for the company in a report on Friday, August 8th. B. Riley raised their target price on shares of Onto Innovation from $145.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, October 10th. 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. Oppenheimer raised their target price on shares of Onto Innovation from $130.00 to $180.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Onto Innovation in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $148.57.

About Onto Innovation

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.