Keybank National Association OH Buys New Shares in Onto Innovation Inc. $ONTO

Keybank National Association OH bought a new stake in Onto Innovation Inc. (NYSE:ONTO) during the 4th quarter, HoldingsChannel reports. The firm bought 3,970 shares of the semiconductor company’s stock, valued at approximately $627,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Westside Investment Management Inc. lifted its holdings in 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 buying an additional 99 shares during the period. Blue Trust Inc. raised its holdings 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 acquired a new position in shares of Onto Innovation during the third quarter valued at about $37,000. Danske Bank A S acquired a new position in shares of Onto Innovation during the third quarter valued at about $39,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Onto Innovation by 76.8% during the third quarter. Farther Finance Advisors LLC now owns 320 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 139 shares during the period. Institutional investors and hedge funds own 98.35% of the company’s stock.

Onto Innovation Price Performance

ONTO opened at $292.94 on Monday. Onto Innovation Inc. has a fifty-two week low of $85.88 and a fifty-two week high of $316.00. The firm has a market capitalization of $14.57 billion, a PE ratio of 105.75, a P/E/G ratio of 1.45 and a beta of 1.70. The company’s 50-day moving average is $230.54 and its 200 day moving average is $189.51.

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 business had revenue of $266.87 million during the quarter, compared to analyst estimates of $265.78 million. During the same quarter in the prior year, the company 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, analysts expect that Onto Innovation Inc. will post 6.72 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Oppenheimer upped their price objective on shares of Onto Innovation from $265.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Stifel Nicolaus set a $350.00 price objective on shares of Onto Innovation and gave the company a “buy” rating in a report on Friday, April 17th. B. Riley Financial upped their price objective on shares of Onto Innovation from $275.00 to $310.00 and gave the company a “buy” rating in a report on Monday, April 13th. Needham & Company LLC upped their price objective on shares of Onto Innovation from $275.00 to $320.00 and gave the company a “buy” rating in a report on Monday, April 20th. Finally, Weiss Ratings upgraded shares of Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Onto Innovation currently has an average rating of “Buy” and a consensus target price of $300.63.

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.