Tributary Capital Management LLC Has $1.84 Million Stock Holdings in Onto Innovation Inc. $ONTO

Tributary Capital Management LLC lifted its position in shares of Onto Innovation Inc. (NYSE:ONTO) by 63.9% in the third quarter, Holdings Channel reports. The institutional investor owned 14,264 shares of the semiconductor company’s stock after acquiring an additional 5,562 shares during the period. Tributary Capital Management LLC’s holdings in Onto Innovation were worth $1,843,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in ONTO. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Onto Innovation by 6.6% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 10,632 shares of the semiconductor company’s stock worth $1,374,000 after acquiring an additional 661 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Onto Innovation by 230.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 19,203 shares of the semiconductor company’s stock worth $2,481,000 after buying an additional 13,384 shares during the period. D.A. Davidson & CO. bought a new stake in Onto Innovation during the 3rd quarter worth approximately $205,000. Pacific Wealth Management acquired a new position in Onto Innovation in the 3rd quarter valued at approximately $224,000. Finally, Taylor Frigon Capital Management LLC raised its stake in shares of Onto Innovation by 17.5% during the third quarter. Taylor Frigon Capital Management LLC now owns 27,529 shares of the semiconductor company’s stock valued at $3,557,000 after acquiring an additional 4,106 shares during the last quarter. Institutional investors and hedge funds own 98.35% of the company’s stock.

Analysts Set New Price Targets

ONTO has been the topic of several analyst reports. B. Riley boosted their price objective on shares of Onto Innovation from $173.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Evercore ISI upped their price target on Onto Innovation from $115.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Oppenheimer raised their price objective on Onto Innovation from $130.00 to $180.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Onto Innovation in a research note on Wednesday, October 8th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $170.00 target price on shares of Onto Innovation in a report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Onto Innovation has a consensus rating of “Moderate Buy” and an average price target of $171.25.

Onto Innovation Trading Down 1.7%

ONTO stock opened at $184.15 on Thursday. The firm has a market cap of $9.03 billion, a PE ratio of 52.02, a price-to-earnings-growth ratio of 1.05 and a beta of 1.46. The stock has a 50-day moving average price of $148.78 and a 200-day moving average price of $125.24. Onto Innovation Inc. has a 1-year low of $85.88 and a 1-year high of $228.42.

Onto Innovation (NYSE:ONTO) last announced its earnings results on Thursday, November 6th. The semiconductor company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. Onto Innovation had a return on equity of 13.11% and a net margin of 17.46%.The company had revenue of $218.19 million for the quarter, compared to analyst estimates of $220.23 million. During the same quarter in the prior year, the company earned $1.34 EPS. The firm’s revenue for the quarter was down 13.5% compared to the same quarter last year. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS. On average, analysts forecast that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

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.