Onto Innovation beats Q1 earnings expectations despite share reduction by Allspring.

Onto Innovation Inc., a semiconductor company, saw its shares slightly reduced by investor Allspring Global Investments Holdings LLC. Despite this, Onto Innovation beat Q1 earnings expectations by $0.04 per share, reporting $1.51 EPS and $267 million in revenue, meeting analysts' forecasts. Analysts predict Onto Innovation will report 6.26 EPS for the year, with a "Moderate Buy" rating and a target price of $141.67.