Onto Innovation Inc. $ONTO Shares Bought by Brighton Jones LLC

Brighton Jones LLC boosted its position in shares of Onto Innovation Inc. (NYSE:ONTO) by 8.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,262 shares of the semiconductor company’s stock after acquiring an additional 485 shares during the period. Brighton Jones LLC’s holdings in Onto Innovation were worth $632,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ONTO. Massachusetts Financial Services Co. MA boosted its holdings in shares of Onto Innovation by 48.4% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,291,415 shares of the semiconductor company’s stock valued at $156,700,000 after buying an additional 421,165 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in shares of Onto Innovation by 650.4% in the 2nd quarter. William Blair Investment Management LLC now owns 1,098,860 shares of the semiconductor company’s stock valued at $110,908,000 after buying an additional 952,419 shares in the last quarter. Geneva Capital Management LLC boosted its holdings in shares of Onto Innovation by 0.5% in the 1st quarter. Geneva Capital Management LLC now owns 1,015,323 shares of the semiconductor company’s stock valued at $123,199,000 after buying an additional 4,632 shares in the last quarter. Situational Awareness LP acquired a new position in shares of Onto Innovation in the 1st quarter valued at $71,192,000. Finally, Wellington Management Group LLP boosted its holdings in shares of Onto Innovation by 12.6% in the 1st quarter. Wellington Management Group LLP now owns 489,413 shares of the semiconductor company’s stock valued at $59,385,000 after buying an additional 54,607 shares in the last quarter. Institutional investors and hedge funds own 98.35% of the company’s stock.

Analyst Ratings Changes

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

Onto Innovation Stock Performance

Shares of Onto Innovation stock opened at $130.92 on Wednesday. The company has a market cap of $6.42 billion, a P/E ratio of 32.41, a PEG ratio of 0.92 and a beta of 1.61. Onto Innovation Inc. has a one year low of $85.88 and a one year high of $228.42. The firm has a fifty day moving average of $122.29 and a two-hundred day moving average of $110.05.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.02). The firm had revenue of $253.60 million for 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%.The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.32 EPS. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. As a group, equities analysts predict that Onto Innovation Inc. will post 6.26 earnings per share for the current 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.