Royce & Associates LP Acquires 46,178 Shares of Onto Innovation Inc. $ONTO

Royce & Associates LP raised its holdings in shares of Onto Innovation Inc. (NYSE:ONTO) by 17.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 307,476 shares of the semiconductor company’s stock after buying an additional 46,178 shares during the period. Royce & Associates LP’s holdings in Onto Innovation were worth $39,732,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Vanguard Personalized Indexing Management LLC boosted its holdings in Onto Innovation by 1.5% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 4,974 shares of the semiconductor company’s stock valued at $643,000 after acquiring an additional 75 shares during the period. Amalgamated Bank grew its holdings in shares of Onto Innovation by 0.3% in the third quarter. Amalgamated Bank now owns 22,663 shares of the semiconductor company’s stock worth $2,929,000 after purchasing an additional 79 shares during the last quarter. Campbell Newman Asset Management Inc. increased its stake in shares of Onto Innovation by 0.4% in the third quarter. Campbell Newman Asset Management Inc. now owns 18,880 shares of the semiconductor company’s stock worth $2,440,000 after buying an additional 80 shares during the period. Palisades Investment Partners LLC raised its holdings in Onto Innovation by 0.4% during the 3rd quarter. Palisades Investment Partners LLC now owns 20,206 shares of the semiconductor company’s stock valued at $2,611,000 after buying an additional 84 shares during the last quarter. Finally, Brighton Jones LLC raised its holdings in Onto Innovation by 1.4% during the 3rd quarter. Brighton Jones LLC now owns 6,349 shares of the semiconductor company’s stock valued at $820,000 after buying an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Wall Street Analyst Weigh In

ONTO has been the topic of a number of analyst reports. B. Riley Financial boosted their price objective 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. Jefferies Financial Group reissued a “buy” rating and set a $300.00 target price on shares of Onto Innovation in a research note on Friday, February 20th. Weiss Ratings restated a “hold (c)” rating on shares of Onto Innovation in a report on Thursday, January 22nd. Zacks Research upgraded shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 31st. Finally, Evercore reaffirmed an “outperform” rating and issued a $250.00 target price on shares of Onto Innovation in a research report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Onto Innovation presently has an average rating of “Moderate Buy” and a consensus target price of $252.50.

Onto Innovation Price Performance

NYSE:ONTO opened at $215.25 on Friday. Onto Innovation Inc. has a one year low of $85.88 and a one year high of $232.49. The company’s 50-day simple moving average is $198.86 and its 200 day simple moving average is $154.00. The firm has a market capitalization of $10.70 billion, a P/E ratio of 77.71, a PEG ratio of 1.13 and a beta of 1.50.

Onto Innovation (NYSE:ONTO) last released its 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 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 the consensus estimate of $265.78 million. During the same period last year, the firm posted $1.51 earnings per share. 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. On average, equities research analysts expect that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal 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.