Onto Innovation Inc. $ONTO Stock Position Decreased by Aquatic Capital Management LLC

Aquatic Capital Management LLC trimmed its stake in Onto Innovation Inc. (NYSE:ONTO) by 76.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,528 shares of the semiconductor company’s stock after selling 110,539 shares during the quarter. Aquatic Capital Management LLC owned approximately 0.07% of Onto Innovation worth $4,332,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. NewEdge Advisors LLC increased its stake in Onto Innovation by 312.5% in the 1st quarter. NewEdge Advisors LLC now owns 4,121 shares of the semiconductor company’s stock worth $500,000 after purchasing an additional 3,122 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Onto Innovation by 76.4% during the first quarter. Goldman Sachs Group Inc. now owns 482,256 shares of the semiconductor company’s stock valued at $58,517,000 after buying an additional 208,907 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Onto Innovation by 8.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 163,259 shares of the semiconductor company’s stock valued at $19,810,000 after buying an additional 13,175 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Onto Innovation in the second quarter worth about $1,997,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Onto Innovation in the second quarter worth approximately $289,000. 98.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ONTO shares. Cantor Fitzgerald upgraded shares of Onto Innovation from a “neutral” rating to an “overweight” rating and upped their price target for the company from $170.00 to $275.00 in a research report on Monday, February 16th. Jefferies Financial Group reiterated a “buy” rating and set a $300.00 price objective on shares of Onto Innovation in a research report on Friday, February 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Onto Innovation in a research note on Thursday, January 22nd. B. Riley Financial increased their target price on Onto Innovation from $240.00 to $275.00 and gave the company a “buy” rating in a report on Friday, February 20th. Finally, Oppenheimer reiterated an “outperform” rating and set a $265.00 price target on shares of Onto Innovation in a report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $252.50.

Onto Innovation Stock Performance

ONTO stock opened at $194.90 on Tuesday. The firm has a 50 day simple moving average of $206.29 and a 200 day simple moving average of $161.12. Onto Innovation Inc. has a 52 week low of $85.88 and a 52 week high of $232.49. The stock has a market cap of $9.69 billion, a P/E ratio of 70.36, a P/E/G ratio of 0.99 and a beta of 1.47.

Onto Innovation (NYSE:ONTO) last released its earnings results 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). Onto Innovation had a return on equity of 12.20% and a net margin of 13.60%.The company had revenue of $266.87 million during the quarter, compared to analysts’ expectations of $265.78 million. During the same quarter in the previous year, the company earned $1.51 EPS. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. Sell-side analysts predict that Onto Innovation Inc. will post 6.26 EPS for the current 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.