Bessemer Group Inc. Purchases 42,370 Shares of Onto Innovation Inc. $ONTO

Bessemer Group Inc. increased its position in shares of Onto Innovation Inc. (NYSE:ONTO) by 51.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,649 shares of the semiconductor company’s stock after acquiring an additional 42,370 shares during the quarter. Bessemer Group Inc. owned about 0.26% of Onto Innovation worth $12,582,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of ONTO. Banque Cantonale Vaudoise acquired a new position in Onto Innovation during the 1st quarter valued at approximately $29,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in Onto Innovation by 79.4% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 244 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 108 shares in the last quarter. Larson Financial Group LLC increased its stake in Onto Innovation by 3,700.0% during the 1st quarter. Larson Financial Group LLC now owns 266 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 259 shares in the last quarter. Berbice Capital Management LLC increased its stake in Onto Innovation by 33.3% during the 1st quarter. Berbice Capital Management LLC now owns 400 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 100 shares in the last quarter. Finally, Brooklyn Investment Group increased its stake in Onto Innovation by 3,690.9% during the 1st quarter. Brooklyn Investment Group now owns 417 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 406 shares in the last quarter. Institutional investors and hedge funds own 98.35% of the company’s stock.

Onto Innovation Stock Performance

Shares of NYSE ONTO opened at $130.92 on Wednesday. The company’s fifty day moving average price is $122.29 and its 200 day moving average price is $110.05. Onto Innovation Inc. has a 1 year low of $85.88 and a 1 year high of $228.42. The company has a market capitalization of $6.42 billion, a PE ratio of 32.41, a price-to-earnings-growth ratio of 0.92 and a beta of 1.61.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings results 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 analysts’ expectations of $250.56 million. During the same period last year, the company posted $1.32 earnings per share. The business’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, equities analysts expect that Onto Innovation Inc. will post 6.26 EPS for the current year.

Wall Street Analyst Weigh In

ONTO has been the topic of a number of recent analyst reports. 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 research note on Tuesday, September 23rd. B. Riley upped their price target on shares of Onto Innovation from $145.00 to $170.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Stifel Nicolaus increased their price objective on shares of Onto Innovation from $110.00 to $120.00 and gave the stock a “hold” rating in a research note on Monday, October 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Onto Innovation in a research note on Wednesday, October 8th. Finally, Benchmark cut their price objective 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. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $148.57.

Onto Innovation Company 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.