TimesSquare Capital Management LLC Trims Stock Position in Onto Innovation Inc. $ONTO

TimesSquare Capital Management LLC reduced its stake in Onto Innovation Inc. (NYSE:ONTO) by 30.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,487 shares of the semiconductor company’s stock after selling 51,338 shares during the quarter. TimesSquare Capital Management LLC owned about 0.24% of Onto Innovation worth $12,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Massachusetts Financial Services Co. MA increased its holdings in shares of Onto Innovation by 48.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,291,415 shares of the semiconductor company’s stock worth $156,700,000 after buying an additional 421,165 shares during the period. William Blair Investment Management LLC lifted its position in Onto Innovation by 650.4% in the second quarter. William Blair Investment Management LLC now owns 1,098,860 shares of the semiconductor company’s stock valued at $110,908,000 after purchasing an additional 952,419 shares during the last quarter. Geneva Capital Management LLC boosted its stake in shares of Onto Innovation by 6.5% during the second quarter. Geneva Capital Management LLC now owns 1,081,662 shares of the semiconductor company’s stock valued at $109,172,000 after purchasing an additional 66,339 shares during the period. Situational Awareness LP purchased a new stake in shares of Onto Innovation during the first quarter valued at approximately $71,192,000. Finally, Wellington Management Group LLP grew its holdings in shares of Onto Innovation by 12.6% in the first quarter. Wellington Management Group LLP now owns 489,413 shares of the semiconductor company’s stock worth $59,385,000 after purchasing an additional 54,607 shares during the last quarter. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Onto Innovation Price Performance

NYSE:ONTO opened at $135.55 on Thursday. The firm’s 50-day moving average price is $128.56 and its 200-day moving average price is $111.33. The company has a market capitalization of $6.64 billion, a PE ratio of 33.55, a P/E/G 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.

Onto Innovation (NYSE:ONTO) last announced 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. Onto Innovation had a net margin of 19.29% and a return on equity of 14.38%. The business had revenue of $218.19 million for the quarter, compared to analysts’ expectations of $220.23 million. During the same quarter in the prior year, the company earned $1.34 earnings per share. The business’s revenue was down 13.5% compared to the same quarter last year. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS. Equities analysts anticipate that Onto Innovation Inc. will post 6.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented 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 company from $100.00 to $170.00 in a report on Tuesday, September 23rd. Evercore ISI raised their target price on Onto Innovation from $115.00 to $160.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 4th. Weiss Ratings restated a “hold (c)” rating on shares of Onto Innovation in a report on Wednesday, October 8th. B. Riley increased their price objective on Onto Innovation from $145.00 to $170.00 and gave the stock a “buy” rating in a report on Friday, October 10th. 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 report on Friday, August 8th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $150.00.

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.