Onto Innovation Inc. $ONTO Shares Purchased by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lifted its stake in shares of Onto Innovation Inc. (NYSE:ONTO) by 0.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 162,823 shares of the semiconductor company’s stock after purchasing an additional 170 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Onto Innovation were worth $16,434,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ONTO. Situational Awareness LP acquired a new stake in Onto Innovation during the 1st quarter worth about $71,192,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Onto Innovation by 48.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,291,415 shares of the semiconductor company’s stock valued at $156,700,000 after buying an additional 421,165 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Onto Innovation during the 1st quarter valued at $31,175,000. Amundi increased its stake in shares of Onto Innovation by 199.2% in the first quarter. Amundi now owns 347,900 shares of the semiconductor company’s stock worth $42,214,000 after acquiring an additional 231,629 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Onto Innovation during the first quarter worth $25,853,000. Institutional investors and hedge funds own 98.35% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Cantor Fitzgerald lowered their target price on Onto Innovation from $110.00 to $90.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 24th. Jefferies Financial Group raised Onto Innovation from a “hold” rating to a “buy” rating and boosted their price target for the company from $100.00 to $170.00 in a research note on Tuesday, September 23rd. Benchmark cut their price objective 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, B. Riley reduced their target price on shares of Onto Innovation from $160.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, August 8th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $146.43.

Onto Innovation Stock Performance

Shares of NYSE ONTO opened at $127.81 on Monday. The business’s 50-day simple moving average is $107.73 and its 200-day simple moving average is $108.82. Onto Innovation Inc. has a 52 week low of $85.88 and a 52 week high of $228.42. The firm has a market cap of $6.26 billion, a price-to-earnings ratio of 31.63, a P/E/G ratio of 0.86 and a beta of 1.58.

Onto Innovation (NYSE:ONTO) last posted its earnings results on Thursday, August 7th. The semiconductor company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.02). Onto Innovation had a return on equity of 14.38% and a net margin of 19.29%.The company had revenue of $253.60 million during the quarter, compared to analyst estimates of $250.56 million. During the same quarter last year, the firm posted $1.32 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. As a group, equities research analysts forecast that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

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.