South Street Advisors LLC Raises Stock Position in Onto Innovation Inc. $ONTO

South Street Advisors LLC boosted its stake in shares of Onto Innovation Inc. (NYSE:ONTO) by 5.3% in the third quarter, HoldingsChannel.com reports. The fund owned 91,065 shares of the semiconductor company’s stock after purchasing an additional 4,584 shares during the period. Onto Innovation makes up about 1.5% of South Street Advisors LLC’s investment portfolio, making the stock its 27th biggest position. South Street Advisors LLC’s holdings in Onto Innovation were worth $11,767,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC grew its position in shares of Onto Innovation by 1.5% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 4,974 shares of the semiconductor company’s stock valued at $643,000 after purchasing an additional 75 shares during the period. Amalgamated Bank raised its position in shares of Onto Innovation by 0.3% during the 3rd quarter. Amalgamated Bank now owns 22,663 shares of the semiconductor company’s stock worth $2,929,000 after purchasing an additional 79 shares during the last quarter. Campbell Newman Asset Management Inc. raised its position in shares of Onto Innovation by 0.4% during the 3rd quarter. Campbell Newman Asset Management Inc. now owns 18,880 shares of the semiconductor company’s stock worth $2,440,000 after purchasing an additional 80 shares during the last quarter. Palisades Investment Partners LLC lifted its stake in Onto Innovation by 0.4% in the 3rd quarter. Palisades Investment Partners LLC now owns 20,206 shares of the semiconductor company’s stock valued at $2,611,000 after buying an additional 84 shares in the last quarter. Finally, Brighton Jones LLC lifted its stake in Onto Innovation by 1.4% in the 3rd quarter. Brighton Jones LLC now owns 6,349 shares of the semiconductor company’s stock valued at $820,000 after buying an additional 87 shares in the last quarter. 98.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Zacks Research upgraded Onto Innovation from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 31st. Needham & Company LLC raised their target price on Onto Innovation from $260.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, February 20th. B. Riley Financial lifted their price target on Onto Innovation from $240.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Stifel Nicolaus set a $220.00 price target on Onto Innovation in a research report on Friday, February 20th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $300.00 price objective on shares of Onto Innovation in a research note on Friday, February 20th. 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $252.50.

Onto Innovation Trading Up 2.8%

ONTO opened at $189.67 on Friday. Onto Innovation Inc. has a twelve month low of $85.88 and a twelve month high of $232.49. The firm has a market capitalization of $9.43 billion, a PE ratio of 68.47, a PEG ratio of 0.96 and a beta of 1.47. The firm’s 50-day moving average price is $205.96 and its 200 day moving average price is $159.80.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings data on Thursday, February 19th. The semiconductor company reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.02). Onto Innovation had a net margin of 13.60% and a return on equity of 12.20%. The business had revenue of $266.87 million during the quarter, compared to analyst estimates of $265.78 million. During the same quarter in the previous year, the company posted $1.51 EPS. The firm’s 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. As a group, analysts predict that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

Key Stories Impacting Onto Innovation

Here are the key news stories impacting Onto Innovation this week:

• Positive Sentiment: Zacks lifted several FY2026 quarterly and full‑year EPS estimates (Q1 2026 to Q4 2026 and FY2026 raised to $5.69 from $5.51), signaling stronger near‑term profitability than previously modeled. This boosts FY2026 consensus versus prior Zacks views and supports the stock’s rally. Zacks raises FY2026 estimates
• Positive Sentiment: Zacks increased FY2027 and 2027 quarterly forecasts (FY2027 to $6.95, Q1 and Q3 2027 nudged higher), implying sustained growth beyond FY2026 and improving medium‑term earnings power — a constructive sign for investors focused on multi‑year upside. Zacks lifts FY2027 outlook
• Positive Sentiment: Zacks published a FY2028 estimate of $9.05 EPS, extending a bullish forward view that supports longer‑term growth expectations and justifies premium valuation metrics (ONTO currently trades with a relatively high P/E and PEG near 1.0). The longer‑horizon upgrade can attract growth‑oriented funds. Zacks issues FY2028 estimate

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.