Concurrent Investment Advisors LLC Acquires 2,757 Shares of Onto Innovation Inc. $ONTO

Concurrent Investment Advisors LLC lifted its holdings in Onto Innovation Inc. (NYSE:ONTO) by 131.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,860 shares of the semiconductor company’s stock after buying an additional 2,757 shares during the period. Concurrent Investment Advisors LLC’s holdings in Onto Innovation were worth $767,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Principal Financial Group Inc. lifted its stake in shares of Onto Innovation by 31.2% in the third quarter. Principal Financial Group Inc. now owns 145,532 shares of the semiconductor company’s stock valued at $18,806,000 after purchasing an additional 34,567 shares during the period. New York State Common Retirement Fund lifted its stake in shares of Onto Innovation by 64.9% in the third quarter. New York State Common Retirement Fund now owns 117,232 shares of the semiconductor company’s stock valued at $15,149,000 after purchasing an additional 46,118 shares during the period. EFG Asset Management North America Corp. acquired a new stake in shares of Onto Innovation in the third quarter valued at about $1,549,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of Onto Innovation by 36.6% in the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 51,176 shares of the semiconductor company’s stock valued at $6,613,000 after purchasing an additional 13,714 shares during the period. Finally, Eagle Rock Investment Company LLC lifted its stake in shares of Onto Innovation by 99.3% in the fourth quarter. Eagle Rock Investment Company LLC now owns 10,037 shares of the semiconductor company’s stock valued at $1,584,000 after purchasing an additional 5,000 shares during the period. Institutional investors own 98.35% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on ONTO. Oppenheimer raised their price objective on shares of Onto Innovation from $265.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Evercore reiterated an “outperform” rating and issued a $315.00 price objective on shares of Onto Innovation in a research note on Friday, April 17th. B. Riley Financial raised their price objective on shares of Onto Innovation from $275.00 to $310.00 and gave the company a “buy” rating in a research note on Monday, April 13th. Stifel Nicolaus set a $350.00 price objective on shares of Onto Innovation and gave the company a “buy” rating in a research note on Friday, April 17th. Finally, Weiss Ratings upgraded shares of Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $300.63.

Onto Innovation Price Performance

Onto Innovation stock opened at $292.94 on Friday. Onto Innovation Inc. has a 12-month low of $85.88 and a 12-month high of $316.00. The stock has a market capitalization of $14.57 billion, a P/E ratio of 105.75, a P/E/G ratio of 1.45 and a beta of 1.70. The firm’s 50-day moving average is $230.54 and its two-hundred day moving average is $189.09.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings results on Thursday, February 19th. The semiconductor company reported $1.26 earnings per share (EPS) 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 business earned $1.51 earnings per share. Onto Innovation’s revenue for the quarter was up 1.1% on a year-over-year basis. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. As a group, analysts forecast that Onto Innovation Inc. will post 6.72 EPS for the current year.

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.