Junto Capital Management LP Buys Shares of 308,400 Onto Innovation Inc. $ONTO

Junto Capital Management LP bought a new position in shares of Onto Innovation Inc. (NYSE:ONTO) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 308,400 shares of the semiconductor company’s stock, valued at approximately $39,851,000.

Several other institutional investors and hedge funds also recently modified their holdings of ONTO. Westside Investment Management Inc. grew its position in shares of Onto Innovation by 100.0% in the third quarter. Westside Investment Management Inc. now owns 198 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 99 shares during the last quarter. Blue Trust Inc. raised its position in shares of Onto Innovation by 2,061.5% during the 3rd quarter. Blue Trust Inc. now owns 281 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 268 shares during the last quarter. Harbor Investment Advisory LLC acquired a new position in shares of Onto Innovation during the 3rd quarter worth approximately $37,000. Farther Finance Advisors LLC lifted its stake in Onto Innovation by 76.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 320 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 139 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in Onto Innovation in the 3rd quarter valued at approximately $47,000. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Onto Innovation in a research report on Thursday, January 22nd. B. Riley Financial upped their price objective on Onto Innovation from $240.00 to $275.00 and gave the company a “buy” rating 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 note on Thursday, February 19th. Oppenheimer reiterated an “outperform” rating and set a $265.00 price objective on shares of Onto Innovation in a research report on Friday, February 20th. Finally, Cantor Fitzgerald raised shares of Onto Innovation from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $170.00 to $275.00 in a research note on Monday, February 16th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Onto Innovation has a consensus rating of “Moderate Buy” and a consensus price target of $252.50.

Onto Innovation Stock Up 2.8%

NYSE:ONTO opened at $189.67 on Monday. The company has a market cap 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 firm’s 50 day moving average is $205.96 and its two-hundred day moving average is $160.52. Onto Innovation Inc. has a fifty-two week low of $85.88 and a fifty-two week high of $232.49.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings data 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 company had revenue of $266.87 million for the quarter, compared to analysts’ expectations of $265.78 million. Onto Innovation had a net margin of 13.60% and a return on equity of 12.20%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.51 earnings per share. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. Research analysts forecast that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

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

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.