Wealth Enhancement Advisory Services LLC Buys 9,304 Shares of Onto Innovation Inc. $ONTO

Wealth Enhancement Advisory Services LLC grew its stake in shares of Onto Innovation Inc. (NYSE:ONTO) by 393.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 11,668 shares of the semiconductor company’s stock after buying an additional 9,304 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Onto Innovation were worth $1,842,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Westside Investment Management Inc. lifted its position in Onto Innovation by 100.0% during the third quarter. Westside Investment Management Inc. now owns 198 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 99 shares during the period. Blue Trust Inc. boosted its holdings in Onto Innovation by 2,061.5% in the third quarter. Blue Trust Inc. now owns 281 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 268 shares during the last quarter. Harbor Investment Advisory LLC bought a new stake in Onto Innovation in the 3rd quarter worth approximately $37,000. Danske Bank A S bought a new stake in Onto Innovation in the 3rd quarter worth approximately $39,000. Finally, Farther Finance Advisors LLC raised its stake in Onto Innovation by 76.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 320 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 139 shares during the last quarter. 98.35% of the stock is owned by hedge funds and other institutional investors.

Onto Innovation Trading Up 0.1%

Shares of ONTO stock opened at $215.69 on Friday. Onto Innovation Inc. has a 12 month low of $85.88 and a 12 month high of $232.49. The stock has a market cap of $10.72 billion, a P/E ratio of 77.87, a P/E/G ratio of 1.12 and a beta of 1.47. The company has a 50 day simple moving average of $207.42 and a two-hundred day simple moving average of $170.21.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings results 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 business had revenue of $266.87 million for the quarter, compared to analysts’ expectations of $265.78 million. During the same quarter in the prior year, the business earned $1.51 EPS. The company’s revenue was up 1.1% compared to the same quarter last year. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. As a group, equities analysts forecast that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ONTO shares. B. Riley Financial increased their price target on Onto Innovation from $240.00 to $275.00 and gave the company a “buy” rating in a report on Friday, February 20th. Zacks Research upgraded Onto Innovation from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 31st. Stifel Nicolaus set a $220.00 target price on Onto Innovation in a report on Friday, February 20th. Needham & Company LLC raised their target price on Onto Innovation from $260.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Finally, Evercore reissued an “outperform” rating and issued a $250.00 target price on shares of Onto Innovation in a research report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Onto Innovation currently has a consensus rating of “Moderate Buy” and a consensus target price of $252.50.

Onto Innovation Company 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.