26,593 Shares in Onto Innovation Inc. $ONTO Purchased by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP purchased a new stake in Onto Innovation Inc. (NYSE:ONTO) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 26,593 shares of the semiconductor company’s stock, valued at approximately $3,436,000. Brevan Howard Capital Management LP owned about 0.05% of Onto Innovation as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP increased its holdings in Onto Innovation by 1,217.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,398,995 shares of the semiconductor company’s stock worth $180,778,000 after purchasing an additional 1,292,772 shares during the last quarter. William Blair Investment Management LLC boosted its stake in shares of 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 buying an additional 882,901 shares during the last quarter. Voya Investment Management LLC grew its position in shares of Onto Innovation by 4,494.6% during the third quarter. Voya Investment Management LLC now owns 868,607 shares of the semiconductor company’s stock worth $111,974,000 after buying an additional 849,702 shares in the last quarter. Qube Research & Technologies Ltd grew its position in shares of Onto Innovation by 1,510.2% during the second quarter. Qube Research & Technologies Ltd now owns 901,180 shares of the semiconductor company’s stock worth $90,956,000 after buying an additional 845,213 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Onto Innovation in the second quarter worth $71,961,000. Institutional investors and hedge funds own 98.35% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Cantor Fitzgerald raised 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 report on Monday, February 16th. B. Riley Financial raised their price objective on shares of Onto Innovation from $240.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Jefferies Financial Group reissued a “buy” rating and issued a $300.00 target price on shares of Onto Innovation in a research 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, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Onto Innovation in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $252.50.

Onto Innovation Price Performance

ONTO opened at $194.90 on Tuesday. 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 $9.69 billion, a P/E ratio of 70.36, a P/E/G ratio of 0.99 and a beta of 1.47. The stock’s 50 day moving average price is $206.29 and its 200 day moving average price is $161.12.

Onto Innovation (NYSE:ONTO) last announced its quarterly 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 business had revenue of $266.87 million for the quarter, compared to analyst estimates of $265.78 million. During the same quarter last year, the firm posted $1.51 EPS. The company’s 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. Equities analysts anticipate 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.