Cinctive Capital Management LP Buys Shares of 35,217 Onto Innovation Inc. $ONTO

Cinctive Capital Management LP bought a new stake in shares of Onto Innovation Inc. (NYSE:ONTO) in the third quarter, Holdings Channel reports. The fund bought 35,217 shares of the semiconductor company’s stock, valued at approximately $4,551,000.

Several other large investors also recently modified their holdings of ONTO. Westside Investment Management Inc. raised its holdings 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 purchasing an additional 99 shares during the period. Blue Trust Inc. lifted its stake 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 last quarter. Harbor Investment Advisory LLC bought a new position in Onto Innovation during the third quarter valued at $37,000. Farther Finance Advisors LLC grew its holdings in Onto Innovation by 76.8% during the third 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 during the period. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in Onto Innovation in the third quarter worth $47,000. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Wall Street Analysts Forecast Growth

ONTO has been the subject of several research reports. Zacks Research upgraded Onto Innovation from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 31st. Stifel Nicolaus set a $220.00 price objective on Onto Innovation in a research note on Friday, February 20th. Oppenheimer reaffirmed an “outperform” rating and set a $265.00 price objective on shares of Onto Innovation in a report on Friday, February 20th. Jefferies Financial Group reiterated a “buy” rating and set a $300.00 target price on shares of Onto Innovation in a research report on Friday, February 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Onto Innovation in a research note on Thursday, January 22nd. One equities 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $252.50.

Onto Innovation Price Performance

Onto Innovation stock opened at $189.67 on Monday. The firm has a market capitalization of $9.43 billion, a P/E ratio of 68.47, a PEG ratio of 0.99 and a beta of 1.47. Onto Innovation Inc. has a one year low of $85.88 and a one year high of $232.49. The business has a fifty day moving average price of $205.96 and a 200-day moving average price of $160.52.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings data 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). The company had revenue of $266.87 million for the quarter, compared to the consensus estimate of $265.78 million. Onto Innovation had a net margin of 13.60% and a return on equity of 12.20%. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.51 earnings per share. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. Sell-side analysts expect that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

More Onto Innovation News

Here are the key news stories impacting Onto Innovation this week:

• Positive Sentiment: Zacks lifted several FY2026 quarterly and full‑year EPS estimates (Q1 2026 to Q4 2026 and FY2026 raised to $5.69 from $5.51), signaling stronger near‑term profitability than previously modeled. This boosts FY2026 consensus versus prior Zacks views and supports the stock’s rally. Zacks raises FY2026 estimates
• Positive Sentiment: Zacks increased FY2027 and 2027 quarterly forecasts (FY2027 to $6.95, Q1 and Q3 2027 nudged higher), implying sustained growth beyond FY2026 and improving medium‑term earnings power — a constructive sign for investors focused on multi‑year upside. Zacks lifts FY2027 outlook
• Positive Sentiment: Zacks published a FY2028 estimate of $9.05 EPS, extending a bullish forward view that supports longer‑term growth expectations and justifies premium valuation metrics (ONTO currently trades with a relatively high P/E and PEG near 1.0). The longer‑horizon upgrade can attract growth‑oriented funds. Zacks issues FY2028 estimate

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.