Onto Innovation Inc. $ONTO Position Increased by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its position in shares of Onto Innovation Inc. (NYSE:ONTO) by 6.0% in the second quarter, Holdings Channel.com reports. The firm owned 468,678 shares of the semiconductor company’s stock after purchasing an additional 26,487 shares during the period. Bank of New York Mellon Corp’s holdings in Onto Innovation were worth $47,304,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. William Blair Investment Management LLC raised its stake 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 worth $110,908,000 after purchasing an additional 952,419 shares in the last quarter. Situational Awareness LP acquired a new position in Onto Innovation in the first quarter worth approximately $71,192,000. Massachusetts Financial Services Co. MA raised its position in Onto Innovation by 48.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,291,415 shares of the semiconductor company’s stock valued at $156,700,000 after acquiring an additional 421,165 shares in the last quarter. Amundi lifted its stake in Onto Innovation by 199.2% in the first quarter. Amundi now owns 347,900 shares of the semiconductor company’s stock valued at $42,214,000 after acquiring an additional 231,629 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in Onto Innovation in the first quarter valued at approximately $25,853,000. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Onto Innovation Stock Down 5.6%

ONTO opened at $133.23 on Wednesday. The stock’s 50 day moving average price is $127.90 and its two-hundred day moving average price is $111.16. The firm has a market capitalization of $6.53 billion, a P/E ratio of 32.98, a price-to-earnings-growth ratio of 0.94 and a beta of 1.64. Onto Innovation Inc. has a 12-month low of $85.88 and a 12-month high of $228.42.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.03. The company had revenue of $218.19 million during the quarter, compared to analysts’ expectations of $220.23 million. Onto Innovation had a return on equity of 14.38% and a net margin of 19.29%.Onto Innovation’s revenue for the quarter was down 13.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.34 earnings per share. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS. As a group, analysts anticipate that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ONTO has been the topic of a number of recent research reports. Jefferies Financial Group upgraded shares of Onto Innovation from a “hold” rating to a “buy” rating and raised their price target for the company from $100.00 to $170.00 in a report on Tuesday, September 23rd. B. Riley upped their price target on Onto Innovation from $145.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Evercore ISI raised their price objective on Onto Innovation from $115.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Onto Innovation in a research report on Wednesday, October 8th. Finally, Benchmark lowered their price target on Onto Innovation from $190.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, August 8th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Onto Innovation presently has a consensus rating of “Moderate Buy” and an average price target of $150.00.

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.