Fox Run Management L.L.C. Purchases 8,091 Shares of Onto Innovation Inc. $ONTO

Fox Run Management L.L.C. grew its position in Onto Innovation Inc. (NYSE:ONTO) by 229.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,615 shares of the semiconductor company’s stock after buying an additional 8,091 shares during the period. Fox Run Management L.L.C.’s holdings in Onto Innovation were worth $1,501,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ONTO. Nkcfo LLC bought a new position in Onto Innovation during the third quarter worth about $388,000. Granite Investment Partners LLC acquired a new stake in shares of Onto Innovation during the third quarter worth about $10,865,000. Channing Capital Management LLC acquired a new stake in shares of Onto Innovation during the third quarter worth about $16,798,000. SG Capital Management LLC bought a new position in shares of Onto Innovation during the 3rd quarter valued at about $34,999,000. Finally, First National Bank of Omaha acquired a new position in shares of Onto Innovation in the 3rd quarter valued at approximately $1,986,000. Institutional investors and hedge funds own 98.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on ONTO shares. Cantor Fitzgerald upgraded shares of Onto Innovation from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $170.00 to $275.00 in a report on Monday, February 16th. Zacks Research raised shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 31st. Evercore reiterated an “outperform” rating and set a $250.00 target price on shares of Onto Innovation in a report on Thursday, February 19th. Needham & Company LLC lifted their price target on Onto Innovation from $260.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Finally, B. Riley Financial boosted their price target on Onto Innovation from $240.00 to $275.00 and gave the company a “buy” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $252.50.

Onto Innovation Trading Up 5.0%

Shares of ONTO stock opened at $223.94 on Wednesday. Onto Innovation Inc. has a 1 year low of $85.88 and a 1 year high of $232.49. The firm’s fifty day moving average price is $194.81 and its two-hundred day moving average price is $151.96. The firm has a market capitalization of $10.98 billion, a P/E ratio of 80.85, a PEG ratio of 1.12 and a beta of 1.50.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings data on Thursday, February 19th. The semiconductor company reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.02). The business had revenue of $266.87 million for the quarter, compared to analyst estimates of $265.78 million. Onto Innovation had a return on equity of 12.20% and a net margin of 13.60%.The company’s quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $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 forecast that Onto Innovation Inc. will post 6.26 EPS for the current fiscal 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.