TimesSquare Capital Management LLC Purchases Shares of 217,113 Onto Innovation Inc. $ONTO

TimesSquare Capital Management LLC purchased a new stake in Onto Innovation Inc. (NYSE:ONTO) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 217,113 shares of the semiconductor company’s stock, valued at approximately $82,166,000. Onto Innovation makes up approximately 1.2% of TimesSquare Capital Management LLC’s investment portfolio, making the stock its 23rd largest holding.

A number of other hedge funds have also modified their holdings of the company. CWM LLC lifted its stake in Onto Innovation by 361.2% in the 4th quarter. CWM LLC now owns 20,068 shares of the semiconductor company’s stock valued at $3,168,000 after acquiring an additional 15,717 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Onto Innovation in the first quarter valued at approximately $2,877,000. Cetera Investment Advisers raised its holdings in shares of Onto Innovation by 15.6% in the first quarter. Cetera Investment Advisers now owns 13,266 shares of the semiconductor company’s stock valued at $2,720,000 after purchasing an additional 1,793 shares during the last quarter. M&T Bank Corp lifted its position in shares of Onto Innovation by 11,228.9% in the fourth quarter. M&T Bank Corp now owns 341,112 shares of the semiconductor company’s stock worth $53,848,000 after purchasing an additional 338,101 shares in the last quarter. Finally, Andar Capital Management HK Ltd bought a new stake in shares of Onto Innovation in the second quarter worth $69,000,000. 98.35% of the stock is currently owned by institutional investors.

Onto Innovation Stock Up 6.1%

Onto Innovation stock opened at $351.91 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 9.73 and a quick ratio of 8.33. The company’s 50-day moving average is $304.23 and its 200-day moving average is $261.22. The firm has a market capitalization of $17.27 billion, a PE ratio of 132.30, a P/E/G ratio of 1.11 and a beta of 1.59. Onto Innovation Inc. has a fifty-two week low of $101.00 and a fifty-two week high of $386.46.

Onto Innovation (NYSE:ONTO) last issued its earnings results on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.24. The business had revenue of $343.13 million during the quarter, compared to the consensus estimate of $325.29 million. Onto Innovation had a net margin of 11.84% and a return on equity of 13.44%. Onto Innovation’s revenue was up 35.3% on a year-over-year basis. During the same period last year, the business posted $1.25 EPS. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. Sell-side analysts anticipate that Onto Innovation Inc. will post 7.88 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ONTO shares. Deutsche Bank Aktiengesellschaft began coverage on shares of Onto Innovation in a research note on Friday, June 5th. They issued a “buy” rating and a $350.00 price target on the stock. Freedom Capital upgraded Onto Innovation to a “strong-buy” rating in a report on Wednesday, June 17th. Evercore reaffirmed an “outperform” rating and issued a $390.00 target price on shares of Onto Innovation in a research report on Friday, August 7th. Needham & Company LLC increased their price target on Onto Innovation from $330.00 to $360.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, Wall Street Zen upgraded Onto Innovation from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $380.30.

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.