Lisanti Capital Growth LLC Makes New $1.93 Million Investment in Onto Innovation Inc. $ONTO

Lisanti Capital Growth LLC bought a new stake in shares of Onto Innovation Inc. (NYSE:ONTO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,090 shares of the semiconductor company’s stock, valued at approximately $1,926,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ONTO. Root Financial Partners LLC raised its position in shares of Onto Innovation by 71.2% in the 4th quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 74 shares in the last quarter. Transamerica Financial Advisors LLC boosted its position in Onto Innovation by 188.5% during the fourth quarter. Transamerica Financial Advisors LLC now owns 176 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 115 shares in the last quarter. Millstone Evans Group LLC grew its stake in Onto Innovation by 147.8% in the first quarter. Millstone Evans Group LLC now owns 166 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 99 shares during the last quarter. CoreCap Advisors LLC purchased a new position in Onto Innovation in the second quarter valued at about $38,000. Finally, CIBC Private Wealth Group LLC raised its holdings in Onto Innovation by 109.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 245 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 128 shares in the last quarter. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ONTO. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Onto Innovation in a report on Friday, June 5th. They issued a “buy” rating and a $350.00 price target on the stock. Cantor Fitzgerald boosted their price objective on shares of Onto Innovation from $350.00 to $410.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Zacks Research raised shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. The Goldman Sachs Group began coverage on shares of Onto Innovation in a research report on Monday. They set a “buy” rating and a $400.00 target price for the company. Finally, B. Riley Financial restated a “buy” rating on shares of Onto Innovation in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $380.30.

Onto Innovation Trading Down 5.1%

Onto Innovation stock opened at $299.30 on Thursday. The stock has a 50-day moving average of $305.60 and a two-hundred day moving average of $262.54. The company has a debt-to-equity ratio of 0.77, a quick ratio of 8.33 and a current ratio of 9.73. Onto Innovation Inc. has a one year low of $101.00 and a one year high of $386.46. The stock has a market cap of $14.69 billion, a PE ratio of 112.52, a price-to-earnings-growth ratio of 1.05 and a beta of 1.59.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.24. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%.The business had revenue of $343.13 million for the quarter, compared to analyst estimates of $325.29 million. During the same quarter in the previous year, the firm earned $1.25 earnings per share. The company’s revenue was up 35.3% on a year-over-year basis. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. On average, research analysts anticipate that Onto Innovation Inc. will post 7.88 EPS for the current fiscal year.

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.