Onto Innovation Inc. $ONTO Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. cut its holdings in Onto Innovation Inc. (NYSE:ONTO) by 20.3% in the second quarter, Holdings Channel reports. The institutional investor owned 30,517 shares of the semiconductor company’s stock after selling 7,761 shares during the quarter. Prudential Financial Inc.’s holdings in Onto Innovation were worth $3,080,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ONTO. Banque Cantonale Vaudoise purchased a new position in shares of Onto Innovation during the 1st quarter valued at approximately $29,000. Brooklyn Investment Group raised its position in Onto Innovation by 3,690.9% during the first quarter. Brooklyn Investment Group now owns 417 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 406 shares during the period. SBI Securities Co. Ltd. lifted its holdings in Onto Innovation by 148.5% during the second quarter. SBI Securities Co. Ltd. now owns 671 shares of the semiconductor company’s stock valued at $68,000 after purchasing an additional 401 shares in the last quarter. Smartleaf Asset Management LLC grew its position in shares of Onto Innovation by 27.2% in the first quarter. Smartleaf Asset Management LLC now owns 697 shares of the semiconductor company’s stock valued at $85,000 after purchasing an additional 149 shares during the period. Finally, Signaturefd LLC grew its position in shares of Onto Innovation by 13.9% in the second quarter. Signaturefd LLC now owns 854 shares of the semiconductor company’s stock valued at $86,000 after purchasing an additional 104 shares during the period. 98.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ONTO shares. Jefferies Financial Group upgraded shares of Onto Innovation from a “hold” rating to a “buy” rating and upped their price target for the stock from $100.00 to $170.00 in a research report on Tuesday, September 23rd. Stifel Nicolaus increased their target price on Onto Innovation from $110.00 to $120.00 and gave the company a “hold” rating in a report on Monday, October 13th. Benchmark decreased their target price on Onto Innovation from $190.00 to $160.00 and set a “buy” rating on the stock in a research report on Friday, August 8th. Oppenheimer boosted 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. Finally, Evercore ISI increased their price objective on Onto Innovation from $115.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $151.25.

Onto Innovation Price Performance

ONTO stock opened at $154.01 on Wednesday. Onto Innovation Inc. has a 1 year low of $85.88 and a 1 year high of $228.42. The firm has a market capitalization of $7.55 billion, a PE ratio of 38.12, a price-to-earnings-growth ratio of 0.94 and a beta of 1.48. The business has a 50 day simple moving average of $134.14 and a 200-day simple moving average of $113.43.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings data on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The company had revenue of $218.19 million for 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%.The firm’s revenue for the quarter 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. On average, equities research analysts expect that Onto Innovation Inc. will post 6.26 EPS for the current year.

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.