129,999 Shares in Onto Innovation Inc. $ONTO Acquired by Channing Capital Management LLC

Channing Capital Management LLC acquired a new stake in shares of Onto Innovation Inc. (NYSE:ONTO) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 129,999 shares of the semiconductor company’s stock, valued at approximately $16,798,000. Channing Capital Management LLC owned 0.27% of Onto Innovation as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Westside Investment Management Inc. boosted its stake in shares of 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. lifted its holdings in Onto Innovation by 2,061.5% during the 3rd quarter. Blue Trust Inc. now owns 281 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 268 shares in the last quarter. Harbor Investment Advisory LLC purchased a new stake in Onto Innovation in the 3rd quarter valued at about $37,000. Farther Finance Advisors LLC boosted its position in Onto Innovation by 76.8% in 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 period. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in Onto Innovation in the 3rd quarter worth about $47,000. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Key Stories Impacting Onto Innovation

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

• Positive Sentiment: Company posted record 2025 revenue, completed the Semilab product‑line acquisition, shipped next‑gen Dragonfly systems and disclosed a major HBM agreement that management says is driving AI/inspection demand. Onto Innovation Reports 2025 Fourth Quarter and Full Year Results
• Positive Sentiment: Analyst support: Needham raised its price target to $275 and kept a Buy rating, signaling continued bullish institutional views that could underpin shares over the medium term. Benzinga article
• Neutral Sentiment: Management guided Q1 FY2026 EPS to $1.260–1.360 and revenue to $275–285M, which sits slightly above consensus — that guidance implies margin recovery but leaves room for execution risk. Company press release / guidance
• Neutral Sentiment: Management projects >30% growth in advanced‑packaging sales in 2026 and cites a record backlog tied to AI demand — a positive long‑term growth signal but dependent on sustained end‑market strength. Advanced packaging growth article
• Negative Sentiment: Q4 EPS of $1.26 missed the consensus by $0.02 and fell from $1.51 a year ago — the modest miss and y/y earnings decline are the immediate catalyst for the share pullback. Zacks: ONTO misses Q4 estimates
• Negative Sentiment: Shares are trading with elevated volume into the print and remain at a premium valuation (high P/E), so even small earnings misses or execution risk can trigger outsized moves. Investing.com note

Onto Innovation Trading Down 4.4%

Shares of NYSE:ONTO opened at $215.44 on Friday. Onto Innovation Inc. has a 12-month low of $85.88 and a 12-month high of $232.49. The business’s fifty day simple moving average is $192.29 and its 200-day simple moving average is $149.84. The company has a market capitalization of $10.56 billion, a PE ratio of 77.78, a P/E/G ratio of 1.19 and a beta of 1.50.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings data on Thursday, February 19th. The semiconductor company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.02). Onto Innovation had a return on equity of 12.41% and a net margin of 13.60%.The company had revenue of $266.87 million for the quarter, compared to analysts’ expectations of $265.78 million. During the same quarter last year, the company earned $1.51 earnings per share. The company’s revenue for the quarter 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. Research analysts predict that Onto Innovation Inc. will post 6.26 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on ONTO shares. Oppenheimer reaffirmed an “outperform” rating and set a $265.00 price target on shares of Onto Innovation in a research note on Friday. Cantor Fitzgerald raised Onto Innovation from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $170.00 to $275.00 in a research report on Monday, February 16th. Evercore reiterated an “outperform” rating and issued a $250.00 target price on shares of Onto Innovation in a report on Thursday. Stifel Nicolaus set a $220.00 price target on Onto Innovation in a research note on Friday. Finally, Needham & Company LLC lifted their price objective on Onto Innovation from $260.00 to $275.00 and gave the company a “buy” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.