Nordea Investment Management AB Has $9.15 Million Stock Position in Onto Innovation Inc. $ONTO

Nordea Investment Management AB raised its stake in Onto Innovation Inc. (NYSE:ONTOFree Report) by 0.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 90,130 shares of the semiconductor company’s stock after buying an additional 330 shares during the quarter. Nordea Investment Management AB owned about 0.18% of Onto Innovation worth $9,148,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Jennison Associates LLC lifted its position in Onto Innovation by 2.9% in the 1st quarter. Jennison Associates LLC now owns 3,142 shares of the semiconductor company’s stock valued at $381,000 after acquiring an additional 90 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in Onto Innovation by 2.6% during the 1st quarter. Crossmark Global Holdings Inc. now owns 3,860 shares of the semiconductor company’s stock worth $468,000 after purchasing an additional 98 shares in the last quarter. Peterson Wealth Services raised its stake in shares of Onto Innovation by 2.2% in the 1st quarter. Peterson Wealth Services now owns 4,585 shares of the semiconductor company’s stock valued at $556,000 after purchasing an additional 98 shares during the period. Berbice Capital Management LLC lifted its holdings in shares of Onto Innovation by 33.3% in the first quarter. Berbice Capital Management LLC now owns 400 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 100 shares in the last quarter. Finally, State of Michigan Retirement System lifted its holdings in shares of Onto Innovation by 0.9% in the first quarter. State of Michigan Retirement System now owns 11,800 shares of the semiconductor company’s stock valued at $1,432,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 98.35% of the company’s stock.

Onto Innovation Stock Up 1.4%

NYSE:ONTO opened at $135.88 on Tuesday. Onto Innovation Inc. has a twelve month low of $85.88 and a twelve month high of $228.42. The firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of 33.63, a price-to-earnings-growth ratio of 0.91 and a beta of 1.61. The stock’s 50 day moving average price is $119.57 and its two-hundred day moving average price is $109.44.

Onto Innovation (NYSE:ONTOGet Free Report) last released its earnings results on Thursday, August 7th. The semiconductor company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.02). The firm had revenue of $253.60 million during the quarter, compared to the consensus estimate of $250.56 million. Onto Innovation had a net margin of 19.29% and a return on equity of 14.38%. Onto Innovation’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.32 earnings per share. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. As a group, analysts anticipate that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ONTO shares. Benchmark decreased their price objective on Onto Innovation from $190.00 to $160.00 and set a “buy” rating for the company in a report on Friday, August 8th. Cantor Fitzgerald reduced their price target on Onto Innovation from $110.00 to $90.00 and set a “neutral” rating for the company in a research report on Tuesday, June 24th. Jefferies Financial Group raised shares of Onto Innovation from a “hold” rating to a “buy” rating and raised their price target for the stock from $100.00 to $170.00 in a research note on Tuesday, September 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of Onto Innovation in a research report on Wednesday, October 8th. Finally, Oppenheimer increased their target price on shares of Onto Innovation from $130.00 to $180.00 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $148.57.

Get Our Latest Stock Report on ONTO

About Onto Innovation

(Free Report)

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.

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Institutional Ownership by Quarter for Onto Innovation (NYSE:ONTO)

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