NorthCrest Asset Manangement LLC Boosts Stock Position in Onto Innovation Inc. $ONTO

NorthCrest Asset Manangement LLC grew its position in Onto Innovation Inc. (NYSE:ONTO) by 30.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,846 shares of the semiconductor company’s stock after buying an additional 2,961 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Onto Innovation were worth $1,736,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ONTO. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Onto Innovation during the second quarter worth $258,000. Liberty One Investment Management LLC purchased a new stake in Onto Innovation during the 3rd quarter valued at about $1,408,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Onto Innovation in the second quarter valued at about $1,997,000. Verdence Capital Advisors LLC purchased a new position in shares of Onto Innovation in the second quarter worth about $2,920,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of Onto Innovation by 211.1% in the third quarter. Assenagon Asset Management S.A. now owns 427,989 shares of the semiconductor company’s stock worth $55,305,000 after purchasing an additional 290,419 shares during the last quarter. Institutional investors own 98.35% of the company’s stock.

Onto Innovation Price Performance

Shares of ONTO stock opened at $216.15 on Wednesday. The company has a market cap of $10.59 billion, a price-to-earnings ratio of 61.06, a PEG ratio of 1.22 and a beta of 1.46. Onto Innovation Inc. has a 1-year low of $85.88 and a 1-year high of $228.42. The stock has a 50 day simple moving average of $161.23 and a 200-day simple moving average of $132.05.

Onto Innovation (NYSE:ONTO) last released its earnings results on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share 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 business had revenue of $218.19 million for the quarter, compared to the consensus estimate of $220.23 million. During the same quarter last year, the business posted $1.34 earnings per share. The business’s quarterly revenue 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. Analysts anticipate that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Cantor Fitzgerald reiterated a “neutral” rating and issued a $170.00 price target on shares of Onto Innovation in a report on Tuesday, December 16th. Stifel Nicolaus lifted their price objective on shares of Onto Innovation from $126.00 to $180.00 and gave the company a “hold” rating in a research note on Wednesday, January 14th. Oppenheimer upped their price objective on shares of Onto Innovation from $130.00 to $180.00 and gave the company an “outperform” rating in a report on Tuesday, October 14th. Zacks Research raised shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 31st. Finally, Jefferies Financial Group increased their price target on Onto Innovation from $170.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Onto Innovation has a consensus rating of “Moderate Buy” and a consensus target price of $193.75.

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.