Nordea Investment Management AB Decreases Stake in Onto Innovation Inc. $ONTO

Nordea Investment Management AB cut its position in shares of Onto Innovation Inc. (NYSE:ONTO) by 12.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 82,599 shares of the semiconductor company’s stock after selling 11,211 shares during the period. Nordea Investment Management AB’s holdings in Onto Innovation were worth $13,143,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Onto Innovation by 5.5% during the 3rd quarter. Vanguard Group Inc. now owns 5,667,404 shares of the semiconductor company’s stock worth $732,342,000 after acquiring an additional 294,393 shares in the last quarter. William Blair Investment Management LLC grew its holdings in shares of Onto Innovation by 80.3% in the third quarter. William Blair Investment Management LLC now owns 1,981,761 shares of the semiconductor company’s stock valued at $256,083,000 after purchasing an additional 882,901 shares in the last quarter. Wellington Management Group LLP increased its position in Onto Innovation by 1,217.0% in the third quarter. Wellington Management Group LLP now owns 1,398,995 shares of the semiconductor company’s stock worth $180,778,000 after purchasing an additional 1,292,772 shares during the last quarter. Franklin Resources Inc. increased its position in Onto Innovation by 65.2% in the third quarter. Franklin Resources Inc. now owns 1,114,501 shares of the semiconductor company’s stock worth $144,016,000 after purchasing an additional 440,035 shares during the last quarter. Finally, Paradigm Capital Management Inc. NY raised its stake in Onto Innovation by 0.7% during the second quarter. Paradigm Capital Management Inc. NY now owns 1,112,839 shares of the semiconductor company’s stock valued at $112,319,000 after purchasing an additional 7,900 shares in the last quarter. Institutional investors own 98.35% of the company’s stock.

Onto Innovation Stock Up 4.4%

Shares of ONTO opened at $219.05 on Wednesday. The business has a fifty day moving average of $208.42 and a 200 day moving average of $165.43. The company has a market cap of $10.89 billion, a PE ratio of 79.08, a P/E/G ratio of 1.09 and a beta of 1.47. Onto Innovation Inc. has a 52-week low of $85.88 and a 52-week high of $232.49.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings data 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). 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 for the quarter, compared to the consensus estimate of $265.78 million. During the same quarter last year, the firm earned $1.51 EPS. The company’s 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, research analysts anticipate that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. B. Riley Financial increased their price objective on shares of Onto Innovation from $240.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Cantor Fitzgerald upgraded shares of Onto Innovation from a “neutral” rating to an “overweight” rating and upped their target price for the company from $170.00 to $275.00 in a research report on Monday, February 16th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $300.00 price target on shares of Onto Innovation in a report on Friday, February 20th. Stifel Nicolaus set a $220.00 price target on Onto Innovation in a research report on Friday, February 20th. Finally, Zacks Research raised Onto Innovation from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $252.50.

About Onto Innovation

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.