Harbor Capital Advisors Inc. Sells 15,438 Shares of Onto Innovation Inc. $ONTO

Harbor Capital Advisors Inc. decreased its holdings in shares of Onto Innovation Inc. (NYSE:ONTO) by 64.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,468 shares of the semiconductor company’s stock after selling 15,438 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Onto Innovation were worth $1,094,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in Onto Innovation by 1.4% in the 3rd quarter. Brighton Jones LLC now owns 6,349 shares of the semiconductor company’s stock valued at $820,000 after buying an additional 87 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Onto Innovation by 13.9% in the 2nd quarter. Signaturefd LLC now owns 854 shares of the semiconductor company’s stock valued at $86,000 after acquiring an additional 104 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Onto Innovation by 76.8% in the third quarter. Farther Finance Advisors LLC now owns 320 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 139 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Onto Innovation by 27.2% during the first quarter. Smartleaf Asset Management LLC now owns 697 shares of the semiconductor company’s stock worth $85,000 after acquiring an additional 149 shares in the last quarter. Finally, Central Pacific Bank Trust Division boosted its position in Onto Innovation by 13.0% during the third quarter. Central Pacific Bank Trust Division now owns 1,480 shares of the semiconductor company’s stock valued at $191,000 after purchasing an additional 170 shares during the last quarter. Institutional investors own 98.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group upped their price objective on Onto Innovation from $170.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Evercore ISI upped their price target on shares of Onto Innovation from $115.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Onto Innovation in a research note on Wednesday, October 8th. Oppenheimer boosted their price objective 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. Finally, B. Riley upped their target price on shares of Onto Innovation from $173.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Onto Innovation has an average rating of “Moderate Buy” and an average price target of $165.00.

Onto Innovation Price Performance

ONTO stock opened at $160.66 on Friday. Onto Innovation Inc. has a one year low of $85.88 and a one year high of $228.42. The stock has a market cap of $7.87 billion, a price-to-earnings ratio of 45.38, a price-to-earnings-growth ratio of 1.09 and a beta of 1.48. The company has a fifty day moving average price of $143.06 and a two-hundred day moving average price of $121.12.

Onto Innovation (NYSE:ONTO) last posted 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 company had revenue of $218.19 million during the quarter, compared to analysts’ expectations of $220.23 million. Onto Innovation had a net margin of 17.46% and a return on equity of 13.11%. Onto Innovation’s quarterly revenue was down 13.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.34 EPS. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS. Research analysts anticipate that Onto Innovation Inc. will post 6.26 EPS for the current fiscal 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.