Legato Capital Management LLC Boosts Stake in Onto Innovation Inc. $ONTO

Legato Capital Management LLC lifted its stake in shares of Onto Innovation Inc. (NYSE:ONTO) by 120.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 9,278 shares of the semiconductor company’s stock after acquiring an additional 5,067 shares during the period. Legato Capital Management LLC’s holdings in Onto Innovation were worth $1,199,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its stake in Onto Innovation by 312.5% during the first quarter. NewEdge Advisors LLC now owns 4,121 shares of the semiconductor company’s stock worth $500,000 after purchasing an additional 3,122 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Onto Innovation by 76.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 482,256 shares of the semiconductor company’s stock valued at $58,517,000 after buying an additional 208,907 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Onto Innovation by 8.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 163,259 shares of the semiconductor company’s stock worth $19,810,000 after buying an additional 13,175 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in Onto Innovation by 34.6% in the second quarter. Nisa Investment Advisors LLC now owns 1,362 shares of the semiconductor company’s stock worth $137,000 after buying an additional 350 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its position in Onto Innovation by 5.1% during the second quarter. Teacher Retirement System of Texas now owns 21,586 shares of the semiconductor company’s stock valued at $2,179,000 after acquiring an additional 1,045 shares during the last quarter. Institutional investors own 98.35% of the company’s stock.

Analyst Ratings Changes

ONTO has been the subject of a number of recent research reports. Stifel Nicolaus set a $220.00 price objective on shares of Onto Innovation in a report on Friday, February 20th. Cantor Fitzgerald raised shares of Onto Innovation from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $170.00 to $275.00 in a research note on Monday, February 16th. Zacks Research upgraded shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 31st. Needham & Company LLC lifted their price objective on Onto Innovation from $260.00 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 target price on shares of Onto Innovation in a report on Friday, February 20th. One investment 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’s stock. According to data from MarketBeat.com, Onto Innovation presently has a consensus rating of “Moderate Buy” and an average price target of $252.50.

Onto Innovation Trading Down 4.9%

ONTO stock opened at $207.47 on Wednesday. The stock has a market capitalization of $10.31 billion, a price-to-earnings ratio of 74.90, a PEG ratio of 1.14 and a beta of 1.47. The firm’s 50-day moving average price is $200.97 and its two-hundred day moving average price is $155.76. Onto Innovation Inc. has a 12-month low of $85.88 and a 12-month high of $232.49.

Onto Innovation (NYSE:ONTO) last posted its 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). Onto Innovation had a return on equity of 12.20% and a net margin of 13.60%.The firm had revenue of $266.87 million for the quarter, compared to analysts’ expectations of $265.78 million. During the same quarter in the prior year, the company posted $1.51 earnings per share. The business’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. Equities analysts predict that Onto Innovation Inc. will post 6.26 EPS 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.