Congress Asset Management Co. Sells 3,503 Shares of Onto Innovation Inc. $ONTO

Congress Asset Management Co. trimmed its holdings in shares of Onto Innovation Inc. (NYSE:ONTO) by 72.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,360 shares of the semiconductor company’s stock after selling 3,503 shares during the quarter. Congress Asset Management Co.’s holdings in Onto Innovation were worth $215,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Westside Investment Management Inc. increased its stake in Onto Innovation by 100.0% during the third quarter. Westside Investment Management Inc. now owns 198 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 99 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Onto Innovation by 2,061.5% in the 3rd quarter. Blue Trust Inc. now owns 281 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 268 shares during the last quarter. Harbor Investment Advisory LLC bought a new stake in shares of Onto Innovation in the 3rd quarter valued at approximately $37,000. Danske Bank A S purchased a new position in shares of Onto Innovation in the 3rd quarter worth approximately $39,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Onto Innovation by 76.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 320 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 139 shares during the period. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ONTO. B. Riley Financial increased their price target on Onto Innovation from $240.00 to $275.00 and gave the company a “buy” rating in a report on Friday, February 20th. Zacks Research raised shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Onto Innovation in a research report on Thursday, January 22nd. Oppenheimer reissued an “outperform” rating and issued a $265.00 target price on shares of Onto Innovation in a research note on Friday, February 20th. Finally, Needham & Company LLC raised their target price on shares of Onto Innovation from $260.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, February 20th. One 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $252.50.

Onto Innovation Price Performance

ONTO stock opened at $204.82 on Friday. Onto Innovation Inc. has a 12 month low of $85.88 and a 12 month high of $232.49. The firm’s 50-day moving average is $208.53 and its 200 day moving average is $166.09. The company has a market capitalization of $10.18 billion, a PE ratio of 73.94, a P/E/G ratio of 1.15 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 company had revenue of $266.87 million during the quarter, compared to analysts’ expectations of $265.78 million. Onto Innovation had a net margin of 13.60% and a return on equity of 12.20%. Onto Innovation’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the firm earned $1.51 earnings per share. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. Sell-side analysts forecast that Onto Innovation Inc. will post 6.26 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.