Sirios Capital Management L P Takes Position in Onto Innovation Inc. $ONTO

Sirios Capital Management L P bought a new stake in shares of Onto Innovation Inc. (NYSE:ONTO) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 163,227 shares of the semiconductor company’s stock, valued at approximately $21,092,000. Onto Innovation accounts for 2.7% of Sirios Capital Management L P’s portfolio, making the stock its 12th biggest holding.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Westside Investment Management Inc. increased its stake in Onto Innovation by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 198 shares of the semiconductor company’s stock worth $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 valued at $36,000 after purchasing an additional 268 shares during the period. Harbor Investment Advisory LLC purchased a new stake in shares of Onto Innovation during the third quarter valued at approximately $37,000. Farther Finance Advisors LLC grew its holdings in shares of Onto Innovation by 76.8% in the third quarter. Farther Finance Advisors LLC now owns 320 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 139 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in shares of Onto Innovation in the third quarter worth approximately $47,000. 98.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on ONTO. Stifel Nicolaus set a $220.00 target price on shares of Onto Innovation in a research note on Friday, February 20th. Jefferies Financial Group reissued a “buy” rating and set a $300.00 price target on shares of Onto Innovation in a research report on Friday, February 20th. Zacks Research raised shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 31st. Needham & Company LLC boosted their price objective on shares of Onto Innovation from $260.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Onto Innovation in a research note on Thursday, January 22nd. 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $252.50.

Onto Innovation Stock Performance

Shares of ONTO stock opened at $189.67 on Friday. The company has a market capitalization of $9.43 billion, a price-to-earnings ratio of 68.47, a price-to-earnings-growth ratio of 0.96 and a beta of 1.47. Onto Innovation Inc. has a one year low of $85.88 and a one year high of $232.49. The company’s 50-day moving average is $205.96 and its 200 day moving average is $159.80.

Onto Innovation (NYSE:ONTO) last issued its earnings results on Thursday, February 19th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 12.20% and a net margin of 13.60%.The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the firm posted $1.51 earnings per share. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. As a group, research analysts predict that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

Key Headlines 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 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.