Bessemer Group Inc. Boosts Holdings in Onto Innovation Inc. $ONTO

Bessemer Group Inc. raised its stake in shares of Onto Innovation Inc. (NYSE:ONTO) by 51.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 124,649 shares of the semiconductor company’s stock after acquiring an additional 42,370 shares during the quarter. Bessemer Group Inc.’s holdings in Onto Innovation were worth $12,582,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Jennison Associates LLC lifted its holdings in Onto Innovation by 2.9% during the first quarter. Jennison Associates LLC now owns 3,142 shares of the semiconductor company’s stock valued at $381,000 after purchasing an additional 90 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in Onto Innovation by 2.6% during the first quarter. Crossmark Global Holdings Inc. now owns 3,860 shares of the semiconductor company’s stock valued at $468,000 after purchasing an additional 98 shares in the last quarter. Peterson Wealth Services lifted its stake in shares of Onto Innovation by 2.2% in the first quarter. Peterson Wealth Services now owns 4,585 shares of the semiconductor company’s stock worth $556,000 after buying an additional 98 shares in the last quarter. State of Michigan Retirement System lifted its stake 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 worth $1,432,000 after buying an additional 100 shares in the last quarter. Finally, Berbice Capital Management LLC lifted its stake 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 worth $49,000 after buying an additional 100 shares in the last quarter. 98.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. B. Riley raised their price target on shares of Onto Innovation from $145.00 to $170.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Oppenheimer raised their price target on shares of Onto Innovation from $130.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. 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. Benchmark decreased their price target on shares of Onto Innovation from $190.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, August 8th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Onto Innovation in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Onto Innovation currently has an average rating of “Moderate Buy” and a consensus target price of $148.57.

Onto Innovation Price Performance

Shares of ONTO opened at $130.92 on Wednesday. Onto Innovation Inc. has a 1-year low of $85.88 and a 1-year high of $228.42. The stock has a market cap of $6.42 billion, a PE ratio of 32.41, a P/E/G ratio of 0.92 and a beta of 1.61. The firm has a 50-day simple moving average of $122.29 and a two-hundred day simple moving average of $110.05.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.02). Onto Innovation had a net margin of 19.29% and a return on equity of 14.38%. The company had revenue of $253.60 million for the quarter, compared to analyst estimates of $250.56 million. During the same quarter in the prior year, the business earned $1.32 earnings per share. Onto Innovation’s revenue was up 4.7% on a year-over-year basis. Onto Innovation has set its Q3 2025 guidance at 0.750-0.950 EPS. As a group, sell-side analysts expect that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

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.