Federated Hermes Inc. Reduces Stock Position in Onto Innovation Inc. $ONTO

Federated Hermes Inc. trimmed its holdings in shares of Onto Innovation Inc. (NYSE:ONTO) by 77.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,655 shares of the semiconductor company’s stock after selling 297,322 shares during the period. Federated Hermes Inc.’s holdings in Onto Innovation were worth $11,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in ONTO. William Blair Investment Management LLC raised its position 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 acquiring an additional 952,419 shares in the last quarter. Voya Investment Management LLC increased its stake in Onto Innovation by 4,494.6% in 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 last quarter. Qube Research & Technologies Ltd raised its holdings in Onto Innovation by 1,510.2% during 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 in the last quarter. Norges Bank purchased a new stake in shares of Onto Innovation during the 2nd quarter worth approximately $71,961,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Onto Innovation by 342.6% in 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 in the last quarter. 98.35% of the stock is owned by institutional investors and hedge funds.

Onto Innovation Trading Down 5.2%

NYSE:ONTO opened at $202.09 on Friday. The firm has a market cap of $9.90 billion, a P/E ratio of 57.09, a PEG ratio of 1.18 and a beta of 1.46. Onto Innovation Inc. has a 12-month low of $85.88 and a 12-month high of $227.07. The stock’s 50 day simple moving average is $174.33 and its 200-day simple moving average is $137.94.

Onto Innovation (NYSE:ONTO) last issued its earnings results 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 business had revenue of $218.19 million for the quarter, compared to the consensus estimate of $220.23 million. Onto Innovation had a net margin of 17.46% and a return on equity of 13.11%. The business’s quarterly revenue was down 13.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.34 earnings per share. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS. Research analysts forecast that Onto Innovation Inc. will post 6.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ONTO shares. Oppenheimer lifted their price target on shares of Onto Innovation from $130.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Evercore ISI lifted their target price on Onto Innovation from $115.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. Stifel Nicolaus upped their target price on Onto Innovation from $126.00 to $180.00 and gave the company a “hold” rating in a research report on Wednesday, January 14th. Zacks Research upgraded Onto Innovation from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 31st. Finally, Jefferies Financial Group boosted their price objective on Onto Innovation from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $193.75.

Onto Innovation Company Profile

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.