Harbor Capital Advisors Inc. Has $1.09 Million Stock Holdings in Onto Innovation Inc. $ONTO

Harbor Capital Advisors Inc. trimmed its holdings in shares of Onto Innovation Inc. (NYSE:ONTO) by 64.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 8,468 shares of the semiconductor company’s stock after selling 15,438 shares during the period. Harbor Capital Advisors Inc.’s holdings in Onto Innovation were worth $1,094,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vontobel Holding Ltd. lifted its stake in Onto Innovation by 46.3% during the third quarter. Vontobel Holding Ltd. now owns 6,394 shares of the semiconductor company’s stock worth $826,000 after purchasing an additional 2,023 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Onto Innovation by 76.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 320 shares of the semiconductor company’s stock worth $41,000 after buying an additional 139 shares in the last quarter. Brighton Jones LLC raised its holdings in shares of Onto Innovation by 1.4% in the 3rd quarter. Brighton Jones LLC now owns 6,349 shares of the semiconductor company’s stock worth $820,000 after buying an additional 87 shares in the last quarter. Trust Point Inc. lifted its position in shares of Onto Innovation by 19.3% during the 3rd quarter. Trust Point Inc. now owns 3,538 shares of the semiconductor company’s stock worth $457,000 after buying an additional 572 shares during the period. Finally, Congress Asset Management Co. raised its stake in shares of Onto Innovation by 14.9% in the third quarter. Congress Asset Management Co. now owns 4,863 shares of the semiconductor company’s stock valued at $628,000 after acquiring an additional 630 shares during the last quarter. Institutional investors own 98.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ONTO shares. Oppenheimer raised their target price on Onto Innovation from $130.00 to $180.00 and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Weiss Ratings restated a “hold (c)” rating on shares of Onto Innovation in a report on Wednesday, October 8th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $170.00 target price on shares of Onto Innovation in a report on Tuesday, December 16th. Evercore ISI boosted their price target on shares of Onto Innovation from $115.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 price objective on shares of Onto Innovation in a research note on Tuesday, November 18th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $165.00.

Onto Innovation Stock Down 0.7%

Shares of NYSE:ONTO opened at $160.66 on Friday. The firm has a market cap of $7.87 billion, a price-to-earnings ratio of 45.38, a PEG ratio of 1.09 and a beta of 1.48. Onto Innovation Inc. has a 12 month low of $85.88 and a 12 month high of $228.42. The company’s fifty day simple moving average is $143.06 and its 200 day simple moving average is $121.12.

Onto Innovation (NYSE:ONTO) last released its earnings results on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The firm had revenue of $218.19 million during the quarter, compared to analysts’ expectations of $220.23 million. Onto Innovation had a return on equity of 13.11% and a net margin of 17.46%.The company’s revenue was down 13.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.34 EPS. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS. Research analysts expect that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

About Onto Innovation

Onto Innovation (NYSE:ONTO) is a global supplier of advanced process control and inspection systems for semiconductor and electronics manufacturers. The company’s solutions span metrology, inspection, defect review and lithography mask repair, helping customers optimize yield, reduce costs and improve device performance. By integrating high-resolution optical and e-beam tools with sophisticated software analytics, Onto Innovation enables wafer, mask and advanced packaging producers to maintain tight process control across leading-edge nodes and specialty applications.

Key products include high-throughput wafer metrology systems, optical and e-beam defect inspection platforms, mask inspection and repair tools, and data-driven software for yield management and process optimization.