Cinctive Capital Management LP Invests $4.55 Million in Onto Innovation Inc. $ONTO

Cinctive Capital Management LP bought a new position in Onto Innovation Inc. (NYSE:ONTO) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 35,217 shares of the semiconductor company’s stock, valued at approximately $4,551,000. Cinctive Capital Management LP owned about 0.07% of Onto Innovation at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Westside Investment Management Inc. boosted its stake in Onto Innovation by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 198 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 99 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Onto Innovation by 2,061.5% in the third quarter. Blue Trust Inc. now owns 281 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 268 shares during the last quarter. Harbor Investment Advisory LLC bought a new position in shares of Onto Innovation in the third quarter valued at approximately $37,000. Farther Finance Advisors LLC lifted its holdings in shares of Onto Innovation by 76.8% in the third quarter. Farther Finance Advisors LLC now owns 320 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 139 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Onto Innovation during the third quarter valued at approximately $47,000. Institutional investors own 98.35% of the company’s stock.

Key Stories Impacting Onto Innovation

Here are the key news stories impacting Onto Innovation this week:

• Positive Sentiment: Zacks lifted several FY2026 quarterly and full‑year EPS estimates (Q1 2026 to Q4 2026 and FY2026 raised to $5.69 from $5.51), signaling stronger near‑term profitability than previously modeled. This boosts FY2026 consensus versus prior Zacks views and supports the stock’s rally. Zacks raises FY2026 estimates
• Positive Sentiment: Zacks increased FY2027 and 2027 quarterly forecasts (FY2027 to $6.95, Q1 and Q3 2027 nudged higher), implying sustained growth beyond FY2026 and improving medium‑term earnings power — a constructive sign for investors focused on multi‑year upside. Zacks lifts FY2027 outlook
• Positive Sentiment: Zacks published a FY2028 estimate of $9.05 EPS, extending a bullish forward view that supports longer‑term growth expectations and justifies premium valuation metrics (ONTO currently trades with a relatively high P/E and PEG near 1.0). The longer‑horizon upgrade can attract growth‑oriented funds. Zacks issues FY2028 estimate

Onto Innovation Stock Up 2.8%

ONTO stock opened at $189.67 on Monday. The firm has a market cap of $9.43 billion, a PE ratio of 68.47, a P/E/G ratio of 0.99 and a beta of 1.47. The business has a 50 day moving average of $205.96 and a 200-day moving average of $160.52. Onto Innovation Inc. has a 12-month low of $85.88 and a 12-month high of $232.49.

Onto Innovation (NYSE:ONTO) last issued its quarterly 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). The business 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 business’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.51 earnings per share. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. On average, research analysts expect that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Zacks Research upgraded Onto Innovation from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 31st. Cantor Fitzgerald upgraded Onto Innovation from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $170.00 to $275.00 in a research note on Monday, February 16th. Jefferies Financial Group reaffirmed a “buy” rating and set a $300.00 price objective on shares of Onto Innovation in a report on Friday, February 20th. Stifel Nicolaus set a $220.00 target price on shares of Onto Innovation in a research note on Friday, February 20th. Finally, B. Riley Financial increased their target price on shares of Onto Innovation from $240.00 to $275.00 and gave the company a “buy” rating in a report on Friday, February 20th. One research 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 company presently has an average rating of “Moderate Buy” and an average price target of $252.50.

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.