Onto Innovation Inc. (NYSE:ONTO) Sees Significant Increase in Short Interest

Onto Innovation Inc. (NYSE:ONTO) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 1,165,350 shares, an increase of 16.1% from the February 12th total of 1,003,785 shares. Based on an average daily trading volume, of 1,255,895 shares, the days-to-cover ratio is currently 0.9 days. Currently, 2.4% of the company’s stock are short sold. Currently, 2.4% of the company’s stock are short sold. Based on an average daily trading volume, of 1,255,895 shares, the days-to-cover ratio is currently 0.9 days.

Hedge Funds Weigh In On Onto Innovation

Several hedge funds have recently bought and sold shares of ONTO. Transamerica Financial Advisors LLC grew its holdings in shares of Onto Innovation by 188.5% in the fourth quarter. Transamerica Financial Advisors LLC now owns 176 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 115 shares during the last quarter. Root Financial Partners LLC boosted its holdings in shares of Onto Innovation by 71.2% in the 4th quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 74 shares in the last quarter. Westside Investment Management Inc. grew 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 worth $27,000 after purchasing an additional 99 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in Onto Innovation by 109.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 245 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 128 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Onto Innovation during the fourth quarter valued at about $39,000. Institutional investors own 98.35% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on ONTO. Needham & Company LLC lifted their target price on Onto Innovation from $260.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Cantor Fitzgerald raised Onto Innovation from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $170.00 to $275.00 in a research report on Monday, February 16th. B. Riley Financial boosted their target price on Onto Innovation from $240.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Stifel Nicolaus set a $220.00 target price on shares of Onto Innovation in a research note on Friday, February 20th. Finally, Evercore reiterated an “outperform” rating and issued a $250.00 price target on shares of Onto Innovation in a research note on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $252.50.

Onto Innovation Price Performance

Shares of NYSE ONTO traded up $3.56 during mid-day trading on Tuesday, reaching $198.20. The company’s stock had a trading volume of 107,698 shares, compared to its average volume of 936,704. Onto Innovation has a 52 week low of $85.88 and a 52 week high of $232.49. The stock has a fifty day moving average of $206.29 and a two-hundred day moving average of $161.12. The firm has a market capitalization of $9.85 billion, a PE ratio of 71.66, a P/E/G ratio of 0.99 and a beta of 1.47.

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 net margin of 13.60% and a return on equity of 12.20%. The business had revenue of $266.87 million during the quarter, compared to analysts’ expectations of $265.78 million. During the same period last year, the business posted $1.51 earnings per share. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. Analysts anticipate that Onto Innovation will post 6.26 EPS for the current fiscal 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.