Dakota Wealth Management Acquires Shares of 3,825 Onto Innovation Inc. $ONTO

Dakota Wealth Management acquired a new stake in Onto Innovation Inc. (NYSE:ONTO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,825 shares of the semiconductor company’s stock, valued at approximately $604,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ONTO. Wellington Management Group LLP lifted its position in Onto Innovation by 1,217.0% during 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. William Blair Investment Management LLC grew its position 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 purchasing an additional 882,901 shares during the period. Voya Investment Management LLC grew its position in Onto Innovation by 4,494.6% during the 3rd quarter. Voya Investment Management LLC now owns 868,607 shares of the semiconductor company’s stock worth $111,974,000 after purchasing an additional 849,702 shares during the period. Qube Research & Technologies Ltd raised its stake in shares of Onto Innovation by 1,510.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 901,180 shares of the semiconductor company’s stock valued at $90,956,000 after buying an additional 845,213 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Onto Innovation during the 2nd quarter valued at about $71,961,000. Institutional investors and hedge funds own 98.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Cantor Fitzgerald upgraded Onto Innovation from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $170.00 to $275.00 in a research note on Monday, February 16th. Evercore reiterated an “outperform” rating and set a $250.00 price target on shares of Onto Innovation in a research report on Thursday, February 19th. Zacks Research raised Onto Innovation from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 31st. Oppenheimer restated an “outperform” rating and issued a $265.00 price objective on shares of Onto Innovation in a research report on Friday, February 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Onto Innovation in a research note on Thursday, January 22nd. One investment 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 data from MarketBeat, Onto Innovation presently has an average rating of “Moderate Buy” and a consensus price target of $252.50.

Onto Innovation Stock Performance

Shares of Onto Innovation stock opened at $189.49 on Tuesday. The firm has a 50-day simple moving average of $207.59 and a two-hundred day simple moving average of $168.23. Onto Innovation Inc. has a fifty-two week low of $85.88 and a fifty-two week high of $232.49. The company has a market cap of $9.42 billion, a P/E ratio of 68.41, a price-to-earnings-growth ratio of 1.06 and a beta of 1.47.

Onto Innovation (NYSE:ONTO) last posted its earnings results 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 for the quarter, compared to analyst estimates of $265.78 million. During the same quarter last year, the business earned $1.51 earnings per share. Onto Innovation’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. Equities research analysts forecast that Onto Innovation Inc. will post 6.26 EPS for the current year.

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.