Onto Innovation Inc. $ONTO Shares Purchased by Granahan Investment Management LLC

Granahan Investment Management LLC boosted its position in shares of Onto Innovation Inc. (NYSE:ONTO) by 119.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,122 shares of the semiconductor company’s stock after acquiring an additional 40,364 shares during the quarter. Granahan Investment Management LLC’s holdings in Onto Innovation were worth $9,578,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of ONTO. Principal Financial Group Inc. boosted its stake in shares of Onto Innovation by 31.2% in the third quarter. Principal Financial Group Inc. now owns 145,532 shares of the semiconductor company’s stock valued at $18,806,000 after purchasing an additional 34,567 shares during the period. EFG Asset Management North America Corp. acquired a new position in shares of Onto Innovation in the third quarter valued at approximately $1,549,000. New York State Common Retirement Fund increased its stake in Onto Innovation by 64.9% during the 3rd quarter. New York State Common Retirement Fund now owns 117,232 shares of the semiconductor company’s stock worth $15,149,000 after buying an additional 46,118 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Onto Innovation by 36.6% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 51,176 shares of the semiconductor company’s stock worth $6,613,000 after buying an additional 13,714 shares during the period. Finally, Liberty One Investment Management LLC acquired a new stake in Onto Innovation during the 3rd quarter worth approximately $1,408,000. 98.35% of the stock is owned by institutional investors and hedge funds.

Onto Innovation Stock Up 2.8%

Shares of Onto Innovation stock opened at $189.67 on Monday. Onto Innovation Inc. has a 52-week low of $85.88 and a 52-week high of $232.49. The company has a market capitalization of $9.43 billion, a P/E ratio of 68.47, a P/E/G ratio of 0.99 and a beta of 1.47. The company has a 50 day moving average of $205.96 and a 200 day moving average of $160.52.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings data on Thursday, February 19th. The semiconductor company reported $1.26 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $265.78 million. During the same period in the prior year, the company posted $1.51 earnings per share. The company’s revenue for the quarter 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, research analysts anticipate that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Oppenheimer reissued an “outperform” rating and issued a $265.00 price target on shares of Onto Innovation in a research report on Friday, February 20th. Evercore reaffirmed an “outperform” rating and set a $250.00 price objective on shares of Onto Innovation in a research report on Thursday, February 19th. Jefferies Financial Group reiterated a “buy” rating and issued a $300.00 price objective on shares of Onto Innovation in a research note on Friday, February 20th. Cantor Fitzgerald upgraded 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 report on Monday, February 16th. Finally, Stifel Nicolaus set a $220.00 target price on Onto Innovation in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $252.50.

Key Stories Impacting Onto Innovation

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 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.