Onto Innovation (ONTO)

• Market cap: $5.86B
• 1 day: -0.25%
• 5 days: -0.77%
• 1 month: 0.52%
• 3 months: -40.55%
• 6 months: -41.19%
• Year to date: -28.84%
• 1 year: -34.24%
• 5 years: 275.75%
• 10 years: 249.28%
• Sector: Technology
• Industry: Semiconductor Equipment & Materials

About: Onto Innovation Inc is engaged in the design, development, manufacture, and support of high-performance control metrology, defect inspection, lithography, and data analysis systems used by microelectronics device manufacturers. The Company and its subsidiaries currently operate in a single operating segment. The company mainly operates in the United States, Southeast Asia, China, Japan, and Europe, with Taiwan and South Korea the sources of total revenue.

Employees: 1,551

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

49% more call options, than puts

Call options by funds: $25.1M | Put options by funds: $16.8M

4% more first-time investments, than exits

New positions opened: 86 | Existing positions closed: 83

0.85% more ownership

Funds ownership: 94.36% [Q3] → 95.22% (+0.85%) [Q4]

1% less funds holding

Funds holding: 516 [Q3] → 511 (-5) [Q4]

8% less repeat investments, than reductions

Existing positions increased: 174 | Existing positions reduced: 190

19% less capital invested

Capital invested by funds: $9.68B [Q3] → $7.84B (-$1.84B) [Q4]

25% less funds holding in top 10

Funds holding in top 10: 8 [Q3] → 6 (-2) [Q4]

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $150 23% upside
• Avg. target: $203 66% upside
• High target: $250 105% upside

6 analyst ratings

• positive: 6 100%
• neutral: 0 0%
• negative: 0 0%

Stifel Brian Chin 25% 1-year accuracy 6 / 24 met price target	48% upside $180	Buy Maintained	15 Apr 2025
Oppenheimer Edward Yang 33% 1-year accuracy 4 / 12 met price target	23% upside $150	Outperform Maintained	11 Apr 2025
Jefferies Blayne Curtis 18% 1-year accuracy 10 / 56 met price target	43% upside $175	Buy Maintained	28 Mar 2025
Cantor Fitzgerald Matthew Prisco 12% 1-year accuracy 3 / 26 met price target	105% upside $250	Overweight Reiterated	7 Feb 2025
Benchmark Mark Miller 17% 1-year accuracy 6 / 35 met price target	89% upside $230	Buy Reiterated	7 Feb 2025