Onto Innovation Inc. $ONTO Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC increased its position in shares of Onto Innovation Inc. (NYSE:ONTO) by 77.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 69,801 shares of the semiconductor company’s stock after purchasing an additional 30,562 shares during the quarter. Hsbc Holdings PLC owned 0.14% of Onto Innovation worth $7,111,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Harbor Capital Advisors Inc. increased its holdings in shares of Onto Innovation by 63.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 23,906 shares of the semiconductor company’s stock worth $2,413,000 after acquiring an additional 9,324 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Onto Innovation in the second quarter worth approximately $258,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Onto Innovation during the second quarter valued at $1,997,000. Verdence Capital Advisors LLC acquired a new stake in shares of Onto Innovation during the 2nd quarter valued at $2,920,000. Finally, Nicholas Company Inc. grew its position in Onto Innovation by 31.9% in the second quarter. Nicholas Company Inc. now owns 38,816 shares of the semiconductor company’s stock worth $3,918,000 after acquiring an additional 9,385 shares in the last quarter. 98.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Stifel Nicolaus boosted their price target on shares of Onto Innovation from $110.00 to $120.00 and gave the company a “hold” rating in a report on Monday, October 13th. B. Riley upped their price objective on shares of Onto Innovation from $173.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Jefferies Financial Group raised Onto Innovation from a “hold” rating to a “buy” rating and lifted their price target for the company from $100.00 to $170.00 in a research note on Tuesday, September 23rd. Benchmark reduced their price target 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 price target on shares of Onto Innovation in a report on Tuesday, November 18th. 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, Onto Innovation has a consensus rating of “Moderate Buy” and a consensus target price of $151.25.

Onto Innovation Trading Up 0.9%

Shares of ONTO opened at $159.54 on Friday. Onto Innovation Inc. has a 12 month low of $85.88 and a 12 month high of $228.42. The firm’s fifty day simple moving average is $135.32 and its two-hundred day simple moving average is $114.06. The stock has a market capitalization of $7.82 billion, a P/E ratio of 45.07, a price-to-earnings-growth ratio of 1.06 and a beta of 1.48.

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, topping analysts’ consensus estimates of $0.89 by $0.03. The business had revenue of $218.19 million during the quarter, compared to the consensus estimate of $220.23 million. Onto Innovation had a return on equity of 13.11% and a net margin of 17.46%.The firm’s revenue for the quarter was down 13.5% on a year-over-year basis. During the same period 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. As a group, research analysts predict that Onto Innovation Inc. will post 6.26 EPS for the current fiscal 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.