Future Fund LLC Buys Shares of 14,727 Onto Innovation Inc. $ONTO

Future Fund LLC bought a new stake in Onto Innovation Inc. (NYSE:ONTO) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 14,727 shares of the semiconductor company’s stock, valued at approximately $2,325,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Fideuram Asset Management Ireland dac bought a new stake in Onto Innovation in the fourth quarter valued at $1,583,000. Rothschild Investment LLC lifted its stake in Onto Innovation by 14,740.0% in the fourth quarter. Rothschild Investment LLC now owns 742 shares of the semiconductor company’s stock valued at $117,000 after buying an additional 737 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Onto Innovation by 1,446.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 773 shares of the semiconductor company’s stock valued at $122,000 after buying an additional 723 shares during the last quarter. Geode Capital Management LLC lifted its stake in Onto Innovation by 45.4% in the fourth quarter. Geode Capital Management LLC now owns 1,127,532 shares of the semiconductor company’s stock valued at $178,024,000 after buying an additional 352,316 shares during the last quarter. Finally, Royce & Associates LP lifted its stake in Onto Innovation by 18.9% in the fourth quarter. Royce & Associates LP now owns 365,735 shares of the semiconductor company’s stock valued at $57,735,000 after buying an additional 58,259 shares during the last quarter. 98.35% of the stock is currently owned by institutional investors.

Key Stories Impacting Onto Innovation

Here are the key news stories impacting Onto Innovation this week:

• Positive Sentiment: Zacks Research raised its earnings forecasts for Onto Innovation across several periods, including FY2026 and FY2027, signaling confidence in the company’s growth outlook and future profit potential.
• Positive Sentiment: Needham recently increased its price target on Onto Innovation to $330 from $320 while keeping a Buy rating, reinforcing the bullish analyst backdrop for the shares.
• Neutral Sentiment: Market commentary highlighted Onto Innovation as one of several semiconductor and tech names benefiting from investor interest in AI-related chip and memory themes, which may keep sentiment constructive but is not company-specific. Here’s What the Street is Thinking About Onto Innovation Inc. (ONTO)
• Neutral Sentiment: Broader sector coverage also continues to list Onto Innovation among strong-buy semiconductor stocks, adding to the positive tone around the name. Why Onto Innovation Inc. (ONTO) Price Target Was Increased to $330 By Needham?

Onto Innovation Trading Down 0.3%

Shares of Onto Innovation stock opened at $257.99 on Friday. The company’s 50-day moving average price is $256.42 and its two-hundred day moving average price is $207.42. Onto Innovation Inc. has a 52 week low of $89.40 and a 52 week high of $316.00. The stock has a market cap of $12.83 billion, a PE ratio of 120.56, a price-to-earnings-growth ratio of 1.22 and a beta of 1.70.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.38 by $0.04. Onto Innovation had a net margin of 10.32% and a return on equity of 11.68%. The firm had revenue of $291.95 million for the quarter, compared to analysts’ expectations of $292.00 million. During the same period in the previous year, the business earned $1.51 earnings per share. Onto Innovation’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, equities analysts predict that Onto Innovation Inc. will post 7.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ONTO has been the topic of a number of recent research reports. Oppenheimer set a $370.00 target price on Onto Innovation in a research note on Wednesday, May 6th. Stifel Nicolaus set a $350.00 price objective on shares of Onto Innovation and gave the company a “buy” rating in a research note on Friday, April 17th. Cantor Fitzgerald lifted their price objective on shares of Onto Innovation from $275.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, April 6th. Wall Street Zen upgraded shares of Onto Innovation from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Needham & Company LLC lifted their price objective on shares of Onto Innovation from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Onto Innovation currently has a consensus rating of “Buy” and an average target price of $310.63.

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.