300,703 Shares in Onto Innovation Inc. $ONTO Purchased by TT International Asset Management LTD

TT International Asset Management LTD bought a new position in shares of Onto Innovation Inc. (NYSE:ONTO) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 300,703 shares of the semiconductor company’s stock, valued at approximately $38,857,000. Onto Innovation accounts for 5.4% of TT International Asset Management LTD’s portfolio, making the stock its 4th largest position. TT International Asset Management LTD owned about 0.61% of Onto Innovation at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Brooklyn Investment Group raised its holdings in Onto Innovation by 3,690.9% in the first quarter. Brooklyn Investment Group now owns 417 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 406 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Onto Innovation by 206.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 577 shares of the semiconductor company’s stock valued at $58,000 after buying an additional 389 shares in the last quarter. SBI Securities Co. Ltd. grew its position in shares of Onto Innovation by 148.5% in the 2nd quarter. SBI Securities Co. Ltd. now owns 671 shares of the semiconductor company’s stock worth $68,000 after buying an additional 401 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Onto Innovation by 27.2% in the 1st quarter. Smartleaf Asset Management LLC now owns 697 shares of the semiconductor company’s stock worth $85,000 after acquiring an additional 149 shares in the last quarter. Finally, Signaturefd LLC lifted its position in Onto Innovation by 13.9% during the 2nd quarter. Signaturefd LLC now owns 854 shares of the semiconductor company’s stock valued at $86,000 after acquiring an additional 104 shares during the period. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Onto Innovation Stock Down 0.2%

NYSE ONTO opened at $155.99 on Tuesday. The company has a 50-day moving average price of $138.66 and a 200-day moving average price of $117.54. Onto Innovation Inc. has a 52 week low of $85.88 and a 52 week high of $228.42. The firm has a market capitalization of $7.65 billion, a P/E ratio of 44.07, a PEG ratio of 1.05 and a beta of 1.48.

Onto Innovation (NYSE:ONTO) last announced its earnings results 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 17.46% and a return on equity of 13.11%. The company had revenue of $218.19 million during the quarter, compared to analyst estimates of $220.23 million. During the same period in the previous year, the business posted $1.34 earnings per share. The firm’s quarterly revenue was down 13.5% compared to the same quarter last year. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS. As a group, equities research analysts anticipate that Onto Innovation Inc. will post 6.26 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ONTO. Oppenheimer raised their target price on shares of Onto Innovation from $130.00 to $180.00 and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 price objective on shares of Onto Innovation in a research report on Tuesday, November 18th. B. Riley lifted their price objective on Onto Innovation from $173.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Evercore ISI increased their target price on Onto Innovation from $115.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Finally, Stifel Nicolaus raised their price target on Onto Innovation from $110.00 to $120.00 and gave the company a “hold” rating in a report on Monday, October 13th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Onto Innovation currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.00.

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.