Y Intercept Hong Kong Ltd Has $6.02 Million Holdings in Onto Innovation Inc. $ONTO

Y Intercept Hong Kong Ltd lifted its holdings in Onto Innovation Inc. (NYSE:ONTO) by 76.1% during the second quarter, HoldingsChannel.com reports. The firm owned 59,608 shares of the semiconductor company’s stock after purchasing an additional 25,751 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Onto Innovation were worth $6,016,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Concurrent Investment Advisors LLC bought a new stake in shares of Onto Innovation in the first quarter worth $217,000. GAMMA Investing LLC lifted its position in shares of Onto Innovation by 75.0% in the first quarter. GAMMA Investing LLC now owns 1,069 shares of the semiconductor company’s stock worth $130,000 after purchasing an additional 458 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of Onto Innovation in the first quarter worth $420,000. Harbor Capital Advisors Inc. lifted its position in shares of Onto Innovation by 63.9% in the second quarter. Harbor Capital Advisors Inc. now owns 23,906 shares of the semiconductor company’s stock worth $2,413,000 after purchasing an additional 9,324 shares in the last quarter. Finally, Verdence Capital Advisors LLC bought a new stake in shares of Onto Innovation in the second quarter worth $2,920,000. Institutional investors own 98.35% of the company’s stock.

Onto Innovation Stock Down 0.4%

Shares of Onto Innovation stock opened at $134.09 on Tuesday. The company has a market capitalization of $6.57 billion, a price-to-earnings ratio of 33.19, a PEG ratio of 0.92 and a beta of 1.61. Onto Innovation Inc. has a 12-month low of $85.88 and a 12-month high of $228.42. The firm’s 50-day moving average price is $121.82 and its two-hundred day moving average price is $109.95.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.02). Onto Innovation had a return on equity of 14.38% and a net margin of 19.29%.The firm had revenue of $253.60 million for the quarter, compared to analyst estimates of $250.56 million. During the same quarter in the previous year, the company earned $1.32 earnings per share. The company’s quarterly 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. On average, sell-side analysts expect that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on ONTO shares. Benchmark dropped 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 report on Friday, August 8th. Stifel Nicolaus upped their price target on shares of Onto Innovation from $110.00 to $120.00 and gave the stock a “hold” rating in a research report on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Onto Innovation in a research report on Wednesday, October 8th. Jefferies Financial Group raised shares of Onto Innovation from a “hold” rating to a “buy” rating and increased their price objective for the company from $100.00 to $170.00 in a research report on Tuesday, September 23rd. Finally, Oppenheimer increased their price objective on shares of Onto Innovation from $130.00 to $180.00 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. Five 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, Onto Innovation has a consensus rating of “Moderate Buy” and an average price target of $148.57.

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.