Pacer Advisors Inc. Reduces Holdings in Onto Innovation Inc. $ONTO

Pacer Advisors Inc. reduced its position in Onto Innovation Inc. (NYSE:ONTO) by 82.0% in the 3rd quarter, Holdings Channel reports. The firm owned 9,839 shares of the semiconductor company’s stock after selling 44,951 shares during the quarter. Pacer Advisors Inc.’s holdings in Onto Innovation were worth $1,271,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Paradigm Capital Management Inc. NY grew its holdings in shares of Onto Innovation by 0.7% during the second quarter. Paradigm Capital Management Inc. NY now owns 1,112,839 shares of the semiconductor company’s stock worth $112,319,000 after buying an additional 7,900 shares in the last quarter. William Blair Investment Management LLC lifted its stake in shares of 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 worth $110,908,000 after buying an additional 952,419 shares in the last quarter. Geneva Capital Management LLC boosted its position in 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 worth $109,172,000 after acquiring an additional 66,339 shares during the last quarter. Qube Research & Technologies Ltd grew its stake in Onto Innovation by 1,510.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 901,180 shares of the semiconductor company’s stock valued at $90,956,000 after acquiring an additional 845,213 shares in the last quarter. Finally, Voya Investment Management LLC raised its holdings in Onto Innovation by 4,494.6% in the 3rd quarter. Voya Investment Management LLC now owns 868,607 shares of the semiconductor company’s stock valued at $111,974,000 after acquiring an additional 849,702 shares during the last quarter. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Wall Street Analyst Weigh In

ONTO has been the topic of several recent research reports. Jefferies Financial Group boosted their target price on Onto Innovation from $170.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Onto Innovation in a research report on Wednesday, October 8th. Oppenheimer boosted their price objective on Onto Innovation from $130.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. Stifel Nicolaus raised their target price on Onto Innovation from $110.00 to $120.00 and gave the stock a “hold” rating in a research note on Monday, October 13th. Finally, Evercore ISI lifted their price target on Onto Innovation from $115.00 to $160.00 and gave the stock an “outperform” rating in a report on Tuesday, November 4th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.00.

Onto Innovation Stock Performance

Shares of Onto Innovation stock opened at $157.97 on Friday. The stock has a 50 day moving average of $145.21 and a 200 day moving average of $122.78. The firm has a market capitalization of $7.74 billion, a price-to-earnings ratio of 44.62, a PEG ratio of 1.06 and a beta of 1.46. Onto Innovation Inc. has a fifty-two week low of $85.88 and a fifty-two week high of $228.42.

Onto Innovation (NYSE:ONTO) last posted its earnings results on Thursday, November 6th. The semiconductor company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. The company had revenue of $218.19 million for the quarter, compared to the consensus estimate 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 for the quarter was down 13.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.34 earnings per share. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS. Analysts forecast that Onto Innovation Inc. will post 6.26 EPS for the current year.

Onto Innovation Profile

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.