Fisher Asset Management LLC Purchases 118,642 Shares of Onto Innovation Inc. $ONTO

Fisher Asset Management LLC grew its position in Onto Innovation Inc. (NYSE:ONTO) by 22.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 656,002 shares of the semiconductor company’s stock after purchasing an additional 118,642 shares during the period. Fisher Asset Management LLC’s holdings in Onto Innovation were worth $84,769,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ONTO. Royce & Associates LP increased its position in Onto Innovation by 17.7% in the third quarter. Royce & Associates LP now owns 307,476 shares of the semiconductor company’s stock worth $39,732,000 after purchasing an additional 46,178 shares during the period. William Blair Investment Management LLC lifted its position in Onto Innovation by 80.3% during the 3rd quarter. William Blair Investment Management LLC now owns 1,981,761 shares of the semiconductor company’s stock valued at $256,083,000 after purchasing an additional 882,901 shares during the period. Handelsbanken Fonder AB boosted its stake in shares of Onto Innovation by 8.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 14,600 shares of the semiconductor company’s stock valued at $1,887,000 after purchasing an additional 1,100 shares during the last quarter. Westfield Capital Management Co. LP grew its position in shares of Onto Innovation by 35.2% during the 3rd quarter. Westfield Capital Management Co. LP now owns 474,530 shares of the semiconductor company’s stock worth $61,319,000 after buying an additional 123,466 shares during the period. Finally, US Bancorp DE grew its position in shares of Onto Innovation by 10.2% during the 3rd quarter. US Bancorp DE now owns 6,661 shares of the semiconductor company’s stock worth $861,000 after buying an additional 617 shares during the period. Institutional investors and hedge funds own 98.35% of the company’s stock.

Onto Innovation Stock Performance

Shares of ONTO stock opened at $218.09 on Tuesday. Onto Innovation Inc. has a 52 week low of $85.88 and a 52 week high of $232.49. The company’s 50 day moving average price is $200.04 and its two-hundred day moving average price is $155.06. The company has a market capitalization of $10.84 billion, a P/E ratio of 78.73, a price-to-earnings-growth ratio of 1.13 and a beta of 1.47.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings data on Thursday, February 19th. The semiconductor company reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.02). Onto Innovation had a return on equity of 12.20% and a net margin of 13.60%.The firm had revenue of $266.87 million for the quarter, compared to analyst estimates of $265.78 million. During the same period in the prior year, the company earned $1.51 earnings per share. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. Analysts forecast that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

Analyst Ratings Changes

ONTO has been the topic of a number of recent research reports. Needham & Company LLC raised their price objective on shares of Onto Innovation from $260.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Oppenheimer restated an “outperform” rating and issued a $265.00 price target on shares of Onto Innovation in a research report on Friday, February 20th. Cantor Fitzgerald upgraded Onto Innovation from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $170.00 to $275.00 in a report on Monday, February 16th. Jefferies Financial Group reissued a “buy” rating and issued a $300.00 target price on shares of Onto Innovation in a research note on Friday, February 20th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Onto Innovation in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $252.50.

About Onto Innovation

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.