Onto InnovationONTO
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 largest sources of total revenue.
Employees: 1,520
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
211% more first-time investments, than exits
New positions opened: 112 | Existing positions closed: 36
88% more funds holding in top 10
Funds holding in top 10: 8 [Q1] → 15 (+7) [Q2]
44% more call options, than puts
Call options by funds: $21.2M | Put options by funds: $14.8M
20% more capital invested
Capital invested by funds: $8.69B [Q1] → $10.4B (+$1.72B) [Q2]
18% more funds holding
Funds holding: 424 [Q1] → 500 (+76) [Q2]
1.52% less ownership
Funds ownership: 97.66% [Q1] → 96.14% (-1.52%) [Q2]
11% less repeat investments, than reductions
Existing positions increased: 157 | Existing positions reduced: 177
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Oppenheimer Edward Yang 100% 1-year accuracy 2 / 2 met price target | 31%upside $275 | Outperform Maintained | 1 Oct 2024 |
Oppenheimer Edward Yang 100% 1-year accuracy 2 / 2 met price target | 24%upside $260 | Outperform Initiated | 25 Sept 2024 |
Benchmark Mark Miller 44% 1-year accuracy 14 / 32 met price target | 10%upside $230 | Buy Reiterated | 9 Aug 2024 |
Financial journalist opinion
Based on 11 articles about ONTO published over the past 30 days