Onto Innovation Inc. $ONTO Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its stake in Onto Innovation Inc. (NYSE:ONTO) by 52.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 205,140 shares of the semiconductor company’s stock after selling 222,849 shares during the period. Assenagon Asset Management S.A. owned approximately 0.42% of Onto Innovation worth $32,383,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Onto Innovation by 5.5% in the 3rd quarter. Vanguard Group Inc. now owns 5,667,404 shares of the semiconductor company’s stock worth $732,342,000 after acquiring an additional 294,393 shares during the last quarter. William Blair Investment Management LLC lifted its stake in Onto Innovation by 80.3% during the 3rd quarter. William Blair Investment Management LLC now owns 1,981,761 shares of the semiconductor company’s stock worth $256,083,000 after acquiring an additional 882,901 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Onto Innovation by 1,217.0% in the third quarter. Wellington Management Group LLP now owns 1,398,995 shares of the semiconductor company’s stock valued at $180,778,000 after purchasing an additional 1,292,772 shares during the period. Franklin Resources Inc. increased its stake in Onto Innovation by 65.2% during the 3rd quarter. Franklin Resources Inc. now owns 1,114,501 shares of the semiconductor company’s stock worth $144,016,000 after buying an additional 440,035 shares during the period. Finally, Paradigm Capital Management Inc. NY lifted its holdings in Onto Innovation by 0.7% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,112,839 shares of the semiconductor company’s stock worth $112,319,000 after buying an additional 7,900 shares in the last quarter. Institutional investors and hedge funds own 98.35% of the company’s stock.

Analysts Set New Price Targets

ONTO has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Onto Innovation in a research report on Thursday, January 22nd. Needham & Company LLC lifted their target price on Onto Innovation from $260.00 to $275.00 and gave the company a “buy” rating in a report on Friday, February 20th. Evercore reissued an “outperform” rating and set a $250.00 target price on shares of Onto Innovation in a research note on Thursday, February 19th. Cantor Fitzgerald upgraded Onto Innovation from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $170.00 to $275.00 in a report on Monday, February 16th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $300.00 price target on shares of Onto Innovation in a research report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Onto Innovation has a consensus rating of “Moderate Buy” and an average price target of $252.50.

Onto Innovation Trading Up 0.7%

Shares of NYSE:ONTO opened at $220.90 on Thursday. Onto Innovation Inc. has a 52 week low of $85.88 and a 52 week high of $232.49. The company’s 50 day moving average is $208.79 and its two-hundred day moving average is $165.82. The company has a market cap of $10.98 billion, a PE ratio of 79.75, a P/E/G ratio of 1.14 and a beta of 1.47.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings data 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). The firm had revenue of $266.87 million for the quarter, compared to analysts’ expectations of $265.78 million. Onto Innovation had a return on equity of 12.20% and a net margin of 13.60%.Onto Innovation’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period last year, the firm posted $1.51 earnings per share. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. As a group, equities research analysts expect that Onto Innovation Inc. will post 6.26 EPS for the current year.

Onto Innovation 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.