Teacher Retirement System of Texas Cuts Stock Holdings in Onto Innovation Inc. $ONTO

Teacher Retirement System of Texas lessened its position in Onto Innovation Inc. (NYSE:ONTO) by 19.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,390 shares of the semiconductor company’s stock after selling 4,196 shares during the quarter. Teacher Retirement System of Texas’ holdings in Onto Innovation were worth $2,247,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ONTO. Amalgamated Bank increased its position in shares of Onto Innovation by 0.3% during the third quarter. Amalgamated Bank now owns 22,663 shares of the semiconductor company’s stock worth $2,929,000 after purchasing an additional 79 shares in the last quarter. Campbell Newman Asset Management Inc. boosted its stake in Onto Innovation by 0.4% during the 3rd quarter. Campbell Newman Asset Management Inc. now owns 18,880 shares of the semiconductor company’s stock worth $2,440,000 after purchasing an additional 80 shares during the last quarter. Brighton Jones LLC grew its holdings in shares of Onto Innovation by 1.4% during the third 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. Evergreen Capital Management LLC grew its holdings in shares of Onto Innovation by 3.6% during the third quarter. Evergreen Capital Management LLC now owns 2,891 shares of the semiconductor company’s stock worth $374,000 after buying an additional 100 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of Onto Innovation by 13.9% in the second quarter. Signaturefd LLC now owns 854 shares of the semiconductor company’s stock valued at $86,000 after buying an additional 104 shares during the last quarter. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Onto Innovation Stock Down 0.4%

Shares of Onto Innovation stock opened at $212.79 on Friday. The business’s fifty day simple moving average is $172.83 and its 200-day simple moving average is $136.96. The firm has a market cap of $10.43 billion, a PE ratio of 60.11, a price-to-earnings-growth ratio of 1.18 and a beta of 1.46. Onto Innovation Inc. has a 52 week low of $85.88 and a 52 week high of $227.07.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on ONTO. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $170.00 price objective on shares of Onto Innovation in a research note on Tuesday, December 16th. Needham & Company LLC upped their price target on Onto Innovation from $200.00 to $260.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. B. Riley lifted their price objective on Onto Innovation from $180.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, January 15th. Zacks Research raised Onto Innovation from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 31st. Finally, Evercore ISI upped their target price on Onto Innovation from $115.00 to $160.00 and gave the company an “outperform” rating in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $193.75.

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.