CI Investments Inc. Sells 68,494 Shares of Onto Innovation Inc. $ONTO

CI Investments Inc. lessened its position in Onto Innovation Inc. (NYSE:ONTO) by 73.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,790 shares of the semiconductor company’s stock after selling 68,494 shares during the quarter. CI Investments Inc. owned approximately 0.05% of Onto Innovation worth $3,203,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ONTO. Segall Bryant & Hamill LLC lifted its position in Onto Innovation by 535.4% during the third quarter. Segall Bryant & Hamill LLC now owns 305,228 shares of the semiconductor company’s stock valued at $39,442,000 after buying an additional 257,189 shares during the period. Fisher Asset Management LLC increased its stake in shares of Onto Innovation by 22.1% in the 3rd quarter. Fisher Asset Management LLC now owns 656,002 shares of the semiconductor company’s stock worth $84,769,000 after acquiring an additional 118,642 shares in the last quarter. Royce & Associates LP increased its stake in shares of Onto Innovation by 17.7% in the 3rd quarter. Royce & Associates LP now owns 307,476 shares of the semiconductor company’s stock worth $39,732,000 after acquiring an additional 46,178 shares in the last quarter. William Blair Investment Management LLC lifted 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 valued at $256,083,000 after acquiring an additional 882,901 shares during the period. Finally, Handelsbanken Fonder AB boosted its stake in Onto Innovation by 8.1% during the third quarter. Handelsbanken Fonder AB now owns 14,600 shares of the semiconductor company’s stock worth $1,887,000 after acquiring an additional 1,100 shares in the last quarter. 98.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ONTO shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Onto Innovation in a research note on Thursday, January 22nd. Zacks Research upgraded shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 31st. 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. Needham & Company LLC upped their target price on shares of Onto Innovation from $260.00 to $275.00 and gave the company a “buy” rating in a report on Friday, February 20th. Finally, Cantor Fitzgerald upgraded shares of Onto Innovation from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $170.00 to $275.00 in a research note on Monday, February 16th. One 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $252.50.

Onto Innovation Trading Up 0.7%

NYSE ONTO opened at $208.98 on Thursday. Onto Innovation Inc. has a 12 month low of $85.88 and a 12 month high of $232.49. The stock has a market cap of $10.39 billion, a price-to-earnings ratio of 75.44, a PEG ratio of 1.09 and a beta of 1.47. The company’s 50 day moving average is $201.89 and its two-hundred day moving average is $156.14.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings results on Thursday, February 19th. The semiconductor company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.02). The firm had revenue of $266.87 million during the quarter, compared to the consensus estimate of $265.78 million. Onto Innovation had a return on equity of 12.20% and a net margin of 13.60%.The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company 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 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.