Onto Innovation Inc. $ONTO Shares Acquired by Systematic Financial Management LP

Systematic Financial Management LP increased its stake in shares of Onto Innovation Inc. (NYSE:ONTO) by 4.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 164,042 shares of the semiconductor company’s stock after purchasing an additional 6,851 shares during the period. Systematic Financial Management LP’s holdings in Onto Innovation were worth $16,557,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. LPL Financial LLC lifted its position in shares of Onto Innovation by 20.1% during the first quarter. LPL Financial LLC now owns 42,849 shares of the semiconductor company’s stock worth $4,989,000 after purchasing an additional 7,177 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in Onto Innovation during the 1st quarter valued at $29,000. Natixis Advisors LLC increased its stake in Onto Innovation by 132.1% during the 1st quarter. Natixis Advisors LLC now owns 57,329 shares of the semiconductor company’s stock worth $6,956,000 after buying an additional 32,633 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Onto Innovation by 2.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 349,925 shares of the semiconductor company’s stock worth $42,460,000 after buying an additional 8,539 shares during the period. Finally, Deutsche Bank AG lifted its holdings in Onto Innovation by 26.4% in the 1st quarter. Deutsche Bank AG now owns 124,142 shares of the semiconductor company’s stock worth $15,063,000 after buying an additional 25,953 shares in the last quarter. Institutional investors and hedge funds own 98.35% of the company’s stock.

Onto Innovation Stock Up 4.8%

NYSE:ONTO opened at $154.01 on Wednesday. The company has a market cap of $7.55 billion, a PE ratio of 38.12, a P/E/G ratio of 0.94 and a beta of 1.48. The business’s 50 day moving average is $134.14 and its two-hundred day moving average is $113.43. Onto Innovation Inc. has a 52 week low of $85.88 and a 52 week high of $228.42.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Onto Innovation had a return on equity of 14.38% and a net margin of 19.29%.The business had revenue of $218.19 million during the quarter, compared to the consensus estimate of $220.23 million. During the same period in the previous year, the business earned $1.34 EPS. The business’s quarterly revenue was down 13.5% on a year-over-year basis. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS. As a group, sell-side analysts expect that Onto Innovation Inc. will post 6.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ONTO. B. Riley raised their target price on Onto Innovation from $173.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, November 18th. Oppenheimer lifted their price objective on Onto Innovation from $130.00 to $180.00 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Benchmark reduced their target price on Onto Innovation from $190.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, August 8th. Evercore ISI raised their price target on shares of Onto Innovation from $115.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. Finally, Jefferies Financial Group upgraded shares of Onto Innovation from a “hold” rating to a “buy” rating and lifted their price target for the stock from $100.00 to $170.00 in a research note on Tuesday, September 23rd. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $151.25.

Onto Innovation Company 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.