Fox Run Management L.L.C. Trims Stock Holdings in Onto Innovation Inc. $ONTO

Fox Run Management L.L.C. decreased its holdings in shares of Onto Innovation Inc. (NYSE:ONTO) by 65.3% in the second quarter, Holdings Channel.com reports. The firm owned 3,524 shares of the semiconductor company’s stock after selling 6,633 shares during the period. Fox Run Management L.L.C.’s holdings in Onto Innovation were worth $356,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Penserra Capital Management LLC raised its position in shares of Onto Innovation by 67.7% in the 2nd quarter. Penserra Capital Management LLC now owns 193,504 shares of the semiconductor company’s stock worth $19,530,000 after purchasing an additional 78,087 shares during the last quarter. Cornerstone Investment Partners LLC increased its stake in Onto Innovation by 12.3% during the 2nd quarter. Cornerstone Investment Partners LLC now owns 5,130 shares of the semiconductor company’s stock valued at $518,000 after purchasing an additional 561 shares in the last quarter. Andra AP fonden purchased a new position in Onto Innovation in the second quarter worth about $933,000. Bank of New York Mellon Corp lifted its stake in shares of Onto Innovation by 6.0% in the second quarter. Bank of New York Mellon Corp now owns 468,678 shares of the semiconductor company’s stock worth $47,304,000 after buying an additional 26,487 shares in the last quarter. Finally, South Dakota Investment Council purchased a new stake in shares of Onto Innovation during the second quarter valued at approximately $1,009,000. 98.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ONTO shares. Weiss Ratings restated a “hold (c)” rating on shares of Onto Innovation in a report on Wednesday, October 8th. Jefferies Financial Group raised Onto Innovation from a “hold” rating to a “buy” rating and lifted their target price for the stock from $100.00 to $170.00 in a report on Tuesday, September 23rd. Oppenheimer boosted their price target on Onto Innovation from $130.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Stifel Nicolaus increased their price objective on Onto Innovation from $110.00 to $120.00 and gave the company a “hold” rating in a research report on Monday, October 13th. Finally, Benchmark decreased their target price on Onto Innovation from $190.00 to $160.00 and set a “buy” rating for the company in a research report on Friday, August 8th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $150.00.

Onto Innovation Price Performance

NYSE ONTO opened at $135.55 on Thursday. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 33.55, a PEG ratio of 0.94 and a beta of 1.64. Onto Innovation Inc. has a 1-year low of $85.88 and a 1-year high of $228.42. The business’s fifty day moving average price is $128.56 and its 200-day moving average price is $111.33.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.89 by $0.03. The company had revenue of $218.19 million during the quarter, compared to analyst estimates 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 was down 13.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.34 earnings per share. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS. Equities research analysts anticipate that Onto Innovation Inc. will post 6.26 EPS for the current year.

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.