Monolith Management Ltd Takes $12.02 Million Position in Onto Innovation Inc. $ONTO

Monolith Management Ltd bought a new stake in Onto Innovation Inc. (NYSE:ONTO) during the third quarter, Holdings Channel reports. The institutional investor bought 93,005 shares of the semiconductor company’s stock, valued at approximately $12,018,000. Onto Innovation comprises 5.3% of Monolith Management Ltd’s holdings, making the stock its 7th largest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of ONTO. Westside Investment Management Inc. increased its stake in Onto Innovation by 100.0% in the third quarter. Westside Investment Management Inc. now owns 198 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 99 shares during the period. Blue Trust Inc. boosted its stake in shares of Onto Innovation by 2,061.5% during the third quarter. Blue Trust Inc. now owns 281 shares of the semiconductor company’s stock worth $36,000 after buying an additional 268 shares during the period. Harbor Investment Advisory LLC purchased a new position in shares of Onto Innovation during the third quarter worth about $37,000. Farther Finance Advisors LLC increased its position 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 acquiring an additional 139 shares during the period. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in Onto Innovation during the 3rd quarter valued at approximately $47,000. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $300.00 price objective on shares of Onto Innovation in a research report on Friday, February 20th. Weiss Ratings restated a “hold (c)” rating on shares of Onto Innovation in a research note on Thursday, January 22nd. Stifel Nicolaus set a $220.00 price target on Onto Innovation in a report on Friday, February 20th. B. Riley Financial increased their price target on Onto Innovation from $240.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Finally, Oppenheimer restated an “outperform” rating and set a $265.00 price objective on shares of Onto Innovation in a research report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Onto Innovation presently has a consensus rating of “Moderate Buy” and an average target price of $252.50.

Onto Innovation Stock Performance

Shares of ONTO stock opened at $193.55 on Wednesday. The stock has a fifty day moving average price of $204.26 and a 200 day moving average price of $158.82. The stock has a market cap 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 1 year low of $85.88 and a 1 year 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 for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.02). The firm had revenue of $266.87 million during the quarter, compared to analysts’ expectations of $265.78 million. Onto Innovation had a net margin of 13.60% and a return on equity of 12.20%. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.51 EPS. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. As a group, 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.