Allspring Global Investments Holdings LLC Boosts Stake in Onto Innovation Inc. $ONTO

Allspring Global Investments Holdings LLC increased its stake in shares of Onto Innovation Inc. (NYSE:ONTO) by 148.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 271,610 shares of the semiconductor company’s stock after buying an additional 162,433 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.55% of Onto Innovation worth $45,052,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Westside Investment Management Inc. raised its stake in shares of Onto Innovation by 100.0% in the third quarter. Westside Investment Management Inc. now owns 198 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 99 shares during the last quarter. Blue Trust Inc. boosted its position in Onto Innovation by 2,061.5% in the third quarter. Blue Trust Inc. now owns 281 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 268 shares during the last quarter. Harbor Investment Advisory LLC purchased a new stake in Onto Innovation in the third quarter valued at approximately $37,000. Danske Bank A S acquired a new position in Onto Innovation in the 3rd quarter worth approximately $39,000. Finally, Farther Finance Advisors LLC increased its holdings in Onto Innovation by 76.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 320 shares of the semiconductor company’s stock worth $41,000 after buying an additional 139 shares during the period. 98.35% of the stock is owned by institutional investors and hedge funds.

Onto Innovation Trading Up 3.2%

Onto Innovation stock opened at $211.62 on Thursday. The firm has a market cap of $10.52 billion, a PE ratio of 76.40, a P/E/G ratio of 1.07 and a beta of 1.47. Onto Innovation Inc. has a 12 month low of $85.88 and a 12 month high of $232.49. The stock’s 50 day simple moving average is $207.26 and its two-hundred day simple moving average is $169.19.

Onto Innovation (NYSE:ONTO) last posted its earnings results on Thursday, February 19th. The semiconductor company reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.02). The firm had revenue of $266.87 million for the quarter, compared to analysts’ expectations of $265.78 million. Onto Innovation had a net margin of 13.60% and a return on equity of 12.20%. Onto Innovation’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the firm earned $1.51 earnings per share. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. On average, equities research analysts forecast that Onto Innovation Inc. will post 6.26 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on ONTO shares. Oppenheimer restated an “outperform” rating and set a $265.00 price objective on shares of Onto Innovation in a research note on Friday, February 20th. Stifel Nicolaus set a $220.00 target price on shares of Onto Innovation in a report on Friday, February 20th. Cantor Fitzgerald upgraded shares of Onto Innovation from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $170.00 to $275.00 in a research report on Monday, February 16th. B. Riley Financial upped their price target 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. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $300.00 price target on shares of Onto Innovation in a research report on Friday, February 20th. 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $252.50.

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.