24,763 Shares in Onto Innovation Inc. $ONTO Acquired by Globeflex Capital L P

Globeflex Capital L P purchased a new stake in shares of Onto Innovation Inc. (NYSE:ONTO) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 24,763 shares of the semiconductor company’s stock, valued at approximately $2,499,000. Globeflex Capital L P owned about 0.05% of Onto Innovation at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. LPL Financial LLC raised its position in shares of Onto Innovation by 20.1% in the first quarter. LPL Financial LLC now owns 42,849 shares of the semiconductor company’s stock valued at $4,989,000 after purchasing an additional 7,177 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Onto Innovation by 2.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 349,925 shares of the semiconductor company’s stock valued at $42,460,000 after acquiring an additional 8,539 shares during the period. Deutsche Bank AG lifted its position in Onto Innovation by 26.4% during the first quarter. Deutsche Bank AG now owns 124,142 shares of the semiconductor company’s stock worth $15,063,000 after acquiring an additional 25,953 shares during the last quarter. Nuveen LLC bought a new stake in shares of Onto Innovation during the first quarter worth approximately $25,853,000. Finally, HighTower Advisors LLC boosted its holdings in shares of Onto Innovation by 33.7% during the first quarter. HighTower Advisors LLC now owns 14,153 shares of the semiconductor company’s stock worth $1,717,000 after acquiring an additional 3,566 shares during the period. 98.35% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Onto Innovation in a report on Wednesday, October 8th. Evercore ISI lifted their price objective on shares of Onto Innovation from $115.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Oppenheimer boosted their price objective 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. Needham & Company LLC reiterated a “buy” rating and issued a $150.00 price target on shares of Onto Innovation in a research report on Tuesday, November 18th. Finally, Stifel Nicolaus boosted their price target on Onto Innovation from $110.00 to $120.00 and gave the company a “hold” rating in a research note on Monday, October 13th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Onto Innovation has a consensus rating of “Moderate Buy” and an average target price of $151.25.

Onto Innovation Trading Down 4.7%

Shares of Onto Innovation stock opened at $160.48 on Friday. The company has a market cap of $7.87 billion, a PE ratio of 45.33, a price-to-earnings-growth ratio of 1.13 and a beta of 1.48. The company has a 50 day moving average of $138.21 and a 200-day moving average of $116.35. 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 data on Thursday, November 6th. The semiconductor company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. The business had revenue of $218.19 million during the quarter, compared to the consensus estimate of $220.23 million. Onto Innovation had a net margin of 17.46% and a return on equity of 13.11%. The company’s revenue was down 13.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.34 earnings per share. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS. Research analysts forecast 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.