Cornerstone Investment Partners LLC Boosts Holdings in Onto Innovation Inc. $ONTO

Cornerstone Investment Partners LLC increased its position in Onto Innovation Inc. (NYSE:ONTO) by 12.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,130 shares of the semiconductor company’s stock after purchasing an additional 561 shares during the quarter. Cornerstone Investment Partners LLC’s holdings in Onto Innovation were worth $518,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Banque Cantonale Vaudoise acquired a new position in Onto Innovation in the 1st quarter worth $29,000. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Onto Innovation by 79.4% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 244 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 108 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of Onto Innovation by 3,700.0% in the first quarter. Larson Financial Group LLC now owns 266 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 259 shares in the last quarter. Berbice Capital Management LLC boosted its holdings in Onto Innovation by 33.3% in the first quarter. Berbice Capital Management LLC now owns 400 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 100 shares during the last quarter. Finally, Brooklyn Investment Group grew its stake in Onto Innovation by 3,690.9% during the 1st quarter. Brooklyn Investment Group now owns 417 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 406 shares in the last quarter. 98.35% of the stock is owned by institutional investors and hedge funds.

Onto Innovation Price Performance

Shares of NYSE:ONTO opened at $131.47 on Friday. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of 32.54, a PEG 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. The stock’s 50 day moving average price is $125.94 and its 200 day moving average price is $110.89.

Onto Innovation (NYSE:ONTO) last issued its quarterly 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 return on equity of 14.38% and a net margin of 19.29%.The company had revenue of $218.19 million for the quarter, compared to analysts’ expectations of $220.23 million. During the same period last year, the firm earned $1.34 EPS. The firm’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. On average, sell-side analysts expect that Onto Innovation Inc. will post 6.26 EPS for the current year.

Analyst Ratings Changes

ONTO has been the subject of several research analyst reports. B. Riley increased their target price on Onto Innovation from $145.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Stifel Nicolaus increased their price objective on shares of Onto Innovation from $110.00 to $120.00 and gave the company a “hold” rating in a research note on Monday, October 13th. Evercore ISI raised their price objective on shares of Onto Innovation from $115.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of Onto Innovation in a research note on Wednesday, October 8th. Finally, Benchmark reduced their price target 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. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $150.00.

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.