Westfield Capital Management Co. LP Boosts Holdings in Onto Innovation Inc. $ONTO

Westfield Capital Management Co. LP raised its position in Onto Innovation Inc. (NYSE:ONTO) by 35.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 474,530 shares of the semiconductor company’s stock after buying an additional 123,466 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Onto Innovation were worth $61,319,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of ONTO. Westside Investment Management Inc. lifted its stake in shares of Onto Innovation by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 198 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 99 shares during the period. Blue Trust Inc. lifted 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 purchasing an additional 268 shares during the period. Harbor Investment Advisory LLC acquired a new stake in Onto Innovation in the third quarter valued at about $37,000. Farther Finance Advisors LLC boosted 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 valued at $41,000 after purchasing an additional 139 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in Onto Innovation during the 3rd quarter worth approximately $47,000. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Analysts Set New Price Targets

ONTO has been the subject of a number of recent analyst reports. Oppenheimer reissued an “outperform” rating and issued a $265.00 target price on shares of Onto Innovation in a report on Friday, February 20th. Needham & Company LLC boosted their price objective on shares of Onto Innovation from $260.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Cantor Fitzgerald raised shares of Onto Innovation from a “neutral” rating to an “overweight” rating and increased their target price for the company from $170.00 to $275.00 in a report on Monday, February 16th. B. Riley Financial lifted their price target on shares of Onto Innovation from $240.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Finally, Zacks Research upgraded Onto Innovation from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 31st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $252.50.

Onto Innovation Trading Down 3.3%

NYSE:ONTO opened at $217.81 on Friday. The company has a market capitalization of $10.83 billion, a P/E ratio of 78.63, a price-to-earnings-growth ratio of 1.18 and a beta of 1.50. The firm has a 50-day moving average price of $197.68 and a two-hundred day moving average price of $152.93. Onto Innovation Inc. has a twelve month low of $85.88 and a twelve month high of $232.49.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings results on Thursday, February 19th. The semiconductor company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.02). Onto Innovation had a net margin of 13.60% and a return on equity of 12.20%. The business had revenue of $266.87 million during the quarter, compared to analyst estimates of $265.78 million. During the same quarter in the prior year, the company earned $1.51 earnings per share. The firm’s revenue for the quarter 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. On average, equities research analysts predict that Onto Innovation Inc. will post 6.26 earnings per share 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.