Verdence Capital Advisors LLC Increases Holdings in Onto Innovation Inc. $ONTO

Verdence Capital Advisors LLC increased its position in Onto Innovation Inc. (NYSE:ONTO) by 18.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 34,316 shares of the semiconductor company’s stock after buying an additional 5,383 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Onto Innovation were worth $4,609,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. William Blair Investment Management LLC grew its holdings in shares of Onto Innovation by 650.4% during 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 purchasing an additional 952,419 shares during the last quarter. Voya Investment Management LLC boosted its stake in shares of Onto Innovation by 4,494.6% during the third quarter. Voya Investment Management LLC now owns 868,607 shares of the semiconductor company’s stock valued at $111,974,000 after purchasing an additional 849,702 shares during the period. Qube Research & Technologies Ltd grew its holdings in shares of Onto Innovation by 1,510.2% in the second quarter. Qube Research & Technologies Ltd now owns 901,180 shares of the semiconductor company’s stock worth $90,956,000 after purchasing an additional 845,213 shares during the last quarter. Norges Bank purchased a new position in shares of Onto Innovation in the second quarter worth $71,961,000. Finally, BNP Paribas Financial Markets raised its holdings in Onto Innovation by 342.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 566,116 shares of the semiconductor company’s stock valued at $57,138,000 after buying an additional 438,217 shares during the last quarter. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Wall Street Analysts Forecast Growth

ONTO has been the topic of a number of analyst reports. Stifel Nicolaus boosted their price objective on shares of Onto Innovation from $126.00 to $180.00 and gave the company a “hold” rating in a research report on Wednesday, January 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Onto Innovation in a research report on Wednesday, October 8th. B. Riley lifted their price objective on Onto Innovation from $180.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday. Cantor Fitzgerald restated a “neutral” rating and set a $170.00 target price on shares of Onto Innovation in a report on Tuesday, December 16th. Finally, Oppenheimer raised their price target on Onto Innovation from $130.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Onto Innovation currently has a consensus rating of “Moderate Buy” and a consensus price target of $186.25.

Onto Innovation Stock Up 1.2%

ONTO opened at $220.44 on Tuesday. Onto Innovation Inc. has a 52 week low of $85.88 and a 52 week high of $228.42. The stock has a market cap of $10.80 billion, a PE ratio of 62.27, a PEG ratio of 1.22 and a beta of 1.46. The business has a 50 day moving average of $159.57 and a 200-day moving average of $131.24.

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. Onto Innovation had a return on equity of 13.11% and a net margin of 17.46%.The business had revenue of $218.19 million during the quarter, compared to analyst estimates of $220.23 million. During the same quarter last year, the firm posted $1.34 earnings per share. The company’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. Equities analysts anticipate that Onto Innovation Inc. will post 6.26 EPS for the current year.

About Onto Innovation

Onto Innovation (NYSE:ONTO) is a global supplier of advanced process control and inspection systems for semiconductor and electronics manufacturers. The company’s solutions span metrology, inspection, defect review and lithography mask repair, helping customers optimize yield, reduce costs and improve device performance. By integrating high-resolution optical and e-beam tools with sophisticated software analytics, Onto Innovation enables wafer, mask and advanced packaging producers to maintain tight process control across leading-edge nodes and specialty applications.

Key products include high-throughput wafer metrology systems, optical and e-beam defect inspection platforms, mask inspection and repair tools, and data-driven software for yield management and process optimization.