American Century Companies Inc. Sells 3,249 Shares of Onto Innovation Inc. $ONTO

American Century Companies Inc. lessened its position in Onto Innovation Inc. (NYSE:ONTO) by 1.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 168,619 shares of the semiconductor company’s stock after selling 3,249 shares during the period. American Century Companies Inc. owned 0.34% of Onto Innovation worth $21,789,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. NewEdge Advisors LLC raised its position in Onto Innovation by 312.5% during the 1st quarter. NewEdge Advisors LLC now owns 4,121 shares of the semiconductor company’s stock valued at $500,000 after purchasing an additional 3,122 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Onto Innovation by 76.4% during the first quarter. Goldman Sachs Group Inc. now owns 482,256 shares of the semiconductor company’s stock valued at $58,517,000 after buying an additional 208,907 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Onto Innovation by 8.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 163,259 shares of the semiconductor company’s stock valued at $19,810,000 after buying an additional 13,175 shares during the period. Bank of New York Mellon Corp raised its stake in Onto Innovation by 6.0% in the second quarter. Bank of New York Mellon Corp now owns 468,678 shares of the semiconductor company’s stock worth $47,304,000 after buying an additional 26,487 shares in the last quarter. Finally, Aviva PLC grew its holdings in shares of Onto Innovation by 9.7% during the 2nd quarter. Aviva PLC now owns 4,830 shares of the semiconductor company’s stock worth $487,000 after acquiring an additional 428 shares during the period. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Onto Innovation Stock Up 6.5%

ONTO stock opened at $191.44 on Tuesday. The business has a 50 day moving average of $203.59 and a 200 day moving average of $158.22. The firm has a market cap of $9.51 billion, a PE ratio of 69.11, a price-to-earnings-growth ratio of 0.94 and a beta of 1.47. Onto Innovation Inc. has a twelve month low of $85.88 and a twelve month high of $232.49.

Onto Innovation (NYSE:ONTO) last released its earnings results on Thursday, February 19th. The semiconductor company reported $1.26 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 company had revenue of $266.87 million during the quarter, compared to the consensus estimate of $265.78 million. During the same period last year, the firm posted $1.51 earnings per share. 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. On average, research analysts expect that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ONTO. Stifel Nicolaus set a $220.00 target price on Onto Innovation in a research note on Friday, February 20th. Needham & Company LLC upped their price target on Onto Innovation from $260.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Oppenheimer reiterated an “outperform” rating and issued a $265.00 price objective on shares of Onto Innovation in a report on Friday, February 20th. Zacks Research raised Onto Innovation from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 31st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Onto Innovation in a report on Thursday, January 22nd. 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.