Onto Innovation Inc. $ONTO Stock Holdings Cut by Aberdeen Group plc

Aberdeen Group plc cut its position in shares of Onto Innovation Inc. (NYSE:ONTO) by 80.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,728 shares of the semiconductor company’s stock after selling 18,860 shares during the quarter. Aberdeen Group plc’s holdings in Onto Innovation were worth $477,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Banque Cantonale Vaudoise acquired a new position in Onto Innovation during the first quarter worth about $29,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Onto Innovation by 79.4% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 244 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 108 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Onto Innovation by 3,700.0% in the 1st quarter. Larson Financial Group LLC now owns 266 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 259 shares during the last quarter. Berbice Capital Management LLC raised its holdings in shares of Onto Innovation by 33.3% in the 1st quarter. Berbice Capital Management LLC now owns 400 shares of the semiconductor company’s stock worth $49,000 after purchasing an additional 100 shares in the last quarter. Finally, Brooklyn Investment Group lifted its stake in Onto Innovation by 3,690.9% during the first quarter. Brooklyn Investment Group now owns 417 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 406 shares during the last quarter. Institutional investors and hedge funds own 98.35% of the company’s stock.

Analyst Ratings Changes

ONTO has been the subject of a number of recent research reports. Stifel Nicolaus increased their price objective on Onto Innovation from $110.00 to $120.00 and gave the company a “hold” rating in a research report on Monday, October 13th. Benchmark reduced their price objective on shares of Onto Innovation from $190.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, August 8th. Jefferies Financial Group upgraded shares of Onto Innovation from a “hold” rating to a “buy” rating and raised their target price for the stock from $100.00 to $170.00 in a report on Tuesday, September 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Onto Innovation in a research report on Wednesday, October 8th. Finally, Cantor Fitzgerald reduced their price target on shares of Onto Innovation from $110.00 to $90.00 and set a “neutral” rating for the company in a research report on Tuesday, June 24th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.57.

Onto Innovation Stock Down 0.9%

ONTO stock opened at $134.36 on Friday. The company has a 50 day moving average of $118.94 and a two-hundred day moving average of $109.23. The company has a market cap of $6.58 billion, a price-to-earnings ratio of 33.26, a PEG ratio of 0.91 and a beta of 1.61. Onto Innovation Inc. has a 12-month low of $85.88 and a 12-month high of $228.42.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.02). Onto Innovation had a net margin of 19.29% and a return on equity of 14.38%. The company had revenue of $253.60 million for the quarter, compared to analysts’ expectations of $250.56 million. During the same quarter in the prior year, the firm earned $1.32 earnings per share. The company’s 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, research analysts anticipate that Onto Innovation Inc. will post 6.26 EPS for the current year.

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.