2,352 Shares in Onto Innovation Inc. $ONTO Acquired by Claret Asset Management Corp

Claret Asset Management Corp purchased a new stake in Onto Innovation Inc. (NYSE:ONTO) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 2,352 shares of the semiconductor company’s stock, valued at approximately $237,000.

Several other hedge funds have also recently bought and sold shares of the stock. HB Wealth Management LLC boosted its stake in shares of Onto Innovation by 45.7% in the 1st quarter. HB Wealth Management LLC now owns 1,899 shares of the semiconductor company’s stock valued at $230,000 after purchasing an additional 596 shares in the last quarter. LPL Financial LLC lifted its holdings in Onto Innovation by 20.1% during the 1st quarter. LPL Financial LLC now owns 42,849 shares of the semiconductor company’s stock valued at $4,989,000 after purchasing an additional 7,177 shares during the last quarter. Banque Cantonale Vaudoise bought a new position in Onto Innovation during the 1st quarter valued at about $29,000. Natixis Advisors LLC boosted its position in Onto Innovation by 132.1% in the first quarter. Natixis Advisors LLC now owns 57,329 shares of the semiconductor company’s stock valued at $6,956,000 after buying an additional 32,633 shares in the last quarter. Finally, Geneva Capital Management LLC boosted its position in Onto Innovation by 0.5% in the first quarter. Geneva Capital Management LLC now owns 1,015,323 shares of the semiconductor company’s stock valued at $123,199,000 after buying an additional 4,632 shares in the last quarter. 98.35% of the stock is currently owned by institutional investors and hedge funds.

Onto Innovation Stock Performance

NYSE ONTO opened at $146.90 on Tuesday. The stock has a market capitalization of $7.20 billion, a P/E ratio of 36.36, a price-to-earnings-growth ratio of 0.94 and a beta of 1.64. Onto Innovation Inc. has a 52 week low of $85.88 and a 52 week high of $228.42. The stock has a fifty day moving average of $133.79 and a 200-day moving average of $113.04.

Onto Innovation (NYSE:ONTO) last posted 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. The business had revenue of $218.19 million for 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%.The firm’s quarterly revenue was down 13.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.34 earnings per share. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS. Equities research analysts forecast that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ONTO. 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, November 4th. Oppenheimer increased their price target on Onto Innovation from $130.00 to $180.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. 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. B. Riley boosted their price objective on Onto Innovation from $173.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Finally, Benchmark decreased their target price 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 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 presently has a consensus rating of “Moderate Buy” and an average price target of $151.25.

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.