Onto Innovation Inc. $ONTO Shares Purchased by First National Advisers LLC

First National Advisers LLC grew its stake in shares of Onto Innovation Inc. (NYSE:ONTO) by 32.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,663 shares of the semiconductor company’s stock after acquiring an additional 891 shares during the quarter. First National Advisers LLC’s holdings in Onto Innovation were worth $370,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. HB Wealth Management LLC grew its holdings in Onto Innovation by 45.7% in the first quarter. HB Wealth Management LLC now owns 1,899 shares of the semiconductor company’s stock valued at $230,000 after purchasing an additional 596 shares during the period. LPL Financial LLC raised its stake in Onto Innovation by 20.1% during the first quarter. LPL Financial LLC now owns 42,849 shares of the semiconductor company’s stock worth $4,989,000 after purchasing an additional 7,177 shares during the period. Federated Hermes Inc. boosted its holdings in shares of Onto Innovation by 930.7% in the 1st quarter. Federated Hermes Inc. now owns 88,286 shares of the semiconductor company’s stock valued at $10,713,000 after purchasing an additional 79,720 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Onto Innovation during the 1st quarter valued at $818,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Onto Innovation during the 1st quarter worth $29,000. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ONTO shares. Evercore ISI lifted their target price on Onto Innovation from $115.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. B. Riley boosted their target price on Onto Innovation from $173.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Oppenheimer increased their target price on shares of Onto Innovation from $130.00 to $180.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Benchmark reduced their price target on shares of Onto Innovation from $190.00 to $160.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Onto Innovation in a research note on Wednesday, October 8th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $151.25.

Onto Innovation Stock Performance

Onto Innovation stock opened at $139.50 on Friday. The firm has a market capitalization of $6.84 billion, a PE ratio of 34.53, a price-to-earnings-growth ratio of 0.94 and a beta of 1.64. Onto Innovation Inc. has a one year low of $85.88 and a one year high of $228.42. The stock’s 50 day moving average price is $133.46 and its 200 day moving average price is $112.63.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.03. Onto Innovation had a net margin of 19.29% and a return on equity of 14.38%. The company had revenue of $218.19 million during the quarter, compared to the consensus estimate of $220.23 million. During the same quarter last year, the company earned $1.34 earnings per share. Onto Innovation’s revenue for the quarter 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, analysts forecast that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

Onto Innovation Company 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.