Geneva Capital Management LLC Acquires 2,785 Shares of Onto Innovation Inc. $ONTO

Geneva Capital Management LLC grew its holdings in Onto Innovation Inc. (NYSE:ONTO) by 0.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,084,447 shares of the semiconductor company’s stock after buying an additional 2,785 shares during the quarter. Onto Innovation makes up 2.4% of Geneva Capital Management LLC’s portfolio, making the stock its 11th largest position. Geneva Capital Management LLC owned 2.21% of Onto Innovation worth $140,132,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ONTO. Westside Investment Management Inc. lifted its position in Onto Innovation by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 198 shares of the semiconductor company’s stock worth $27,000 after buying an additional 99 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Onto Innovation by 2,061.5% in the third quarter. Blue Trust Inc. now owns 281 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 268 shares during the last quarter. Harbor Investment Advisory LLC bought a new position in shares of Onto Innovation in the third quarter worth about $37,000. Farther Finance Advisors LLC lifted its position in shares of Onto Innovation by 76.8% during the third quarter. Farther Finance Advisors LLC now owns 320 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 139 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Onto Innovation during the third quarter valued at approximately $47,000. 98.35% of the stock is owned by institutional investors.

Onto Innovation Trading Up 1.0%

NYSE ONTO opened at $193.55 on Wednesday. The stock has a 50-day simple moving average of $204.26 and a 200 day simple moving average of $158.82. The company has a market capitalization of $9.62 billion, a PE ratio of 69.87, a P/E/G ratio of 1.00 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.

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 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 firm had revenue of $266.87 million during the quarter, compared to analyst estimates of $265.78 million. During the same period last year, the firm earned $1.51 EPS. Onto Innovation’s quarterly revenue was up 1.1% on a year-over-year basis. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. As a group, sell-side analysts predict that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ONTO. Evercore reissued an “outperform” rating and issued a $250.00 price target on shares of Onto Innovation in a report on Thursday, February 19th. Cantor Fitzgerald raised Onto Innovation from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $170.00 to $275.00 in a research note on Monday, February 16th. Stifel Nicolaus set a $220.00 target price on Onto Innovation in a research report on Friday, February 20th. Needham & Company LLC upped their price target on Onto Innovation from $260.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $265.00 price objective on shares of Onto Innovation in a research report on Friday, February 20th. One investment 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. According to MarketBeat.com, Onto Innovation currently 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.