AI Squared Management Ltd Makes New $7.79 Million Investment in Onto Innovation Inc. $ONTO

AI Squared Management Ltd purchased a new position in shares of Onto Innovation Inc. (NYSE:ONTO) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 60,300 shares of the semiconductor company’s stock, valued at approximately $7,792,000. Onto Innovation makes up about 8.1% of AI Squared Management Ltd’s investment portfolio, making the stock its 3rd biggest holding. AI Squared Management Ltd owned 0.12% of Onto Innovation at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in ONTO. Vanguard Personalized Indexing Management LLC raised its stake in Onto Innovation by 1.5% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 4,974 shares of the semiconductor company’s stock worth $643,000 after buying an additional 75 shares during the period. Amalgamated Bank grew its stake in Onto Innovation by 0.3% in the third quarter. Amalgamated Bank now owns 22,663 shares of the semiconductor company’s stock valued at $2,929,000 after acquiring an additional 79 shares during the period. Campbell Newman Asset Management Inc. increased its holdings in shares of Onto Innovation by 0.4% in the third quarter. Campbell Newman Asset Management Inc. now owns 18,880 shares of the semiconductor company’s stock worth $2,440,000 after acquiring an additional 80 shares in the last quarter. Palisades Investment Partners LLC increased its holdings in shares of Onto Innovation by 0.4% in the third quarter. Palisades Investment Partners LLC now owns 20,206 shares of the semiconductor company’s stock worth $2,611,000 after acquiring an additional 84 shares in the last quarter. Finally, Brighton Jones LLC raised its position in shares of Onto Innovation by 1.4% during the third quarter. Brighton Jones LLC now owns 6,349 shares of the semiconductor company’s stock worth $820,000 after purchasing an additional 87 shares during the period. Institutional investors own 98.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Evercore reiterated an “outperform” rating and set a $250.00 price objective on shares of Onto Innovation in a report on Thursday, February 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Onto Innovation in a research note on Thursday, January 22nd. Cantor Fitzgerald raised shares of Onto Innovation from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $170.00 to $275.00 in a research note on Monday, February 16th. Oppenheimer reiterated an “outperform” rating and issued a $265.00 price target on shares of Onto Innovation in a report on Friday, February 20th. Finally, Zacks Research raised shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 31st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $252.50.

Onto Innovation Price Performance

ONTO stock opened at $179.70 on Friday. The stock has a market capitalization of $8.93 billion, a P/E ratio of 64.87, a P/E/G ratio of 0.94 and a beta of 1.47. The business has a 50-day moving average of $202.94 and a 200-day moving average of $157.26. Onto Innovation Inc. has a fifty-two week low of $85.88 and a fifty-two week high of $232.49.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings data on Thursday, February 19th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.02). The firm had revenue of $266.87 million for 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 firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.51 earnings per share. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. Equities analysts expect 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.