Onto Innovation Inc. $ONTO Holdings Lifted by Royce & Associates LP

Royce & Associates LP raised its position in Onto Innovation Inc. (NYSE:ONTO) by 6.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 303,255 shares of the semiconductor company’s stock after purchasing an additional 17,168 shares during the period. Onto Innovation accounts for 0.9% of Royce & Associates LP’s investment portfolio, making the stock its 5th largest holding. Royce & Associates LP owned approximately 0.62% of Onto Innovation worth $93,348,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Fiduciary Financial Advisors acquired a new stake in shares of Onto Innovation in the 2nd quarter valued at $25,000. Highland Investment Advisors LLC acquired a new position in shares of Onto Innovation during the second quarter worth $25,000. Provenance Wealth Advisors LLC acquired a new position in shares of Onto Innovation during the third quarter worth $26,000. CoreCap Advisors LLC acquired a new position in shares of Onto Innovation during the second quarter worth $38,000. Finally, Rakuten Securities Inc. acquired a new position in shares of Onto Innovation during the second quarter worth $40,000. 98.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ONTO has been the topic of a number of analyst reports. Morgan Stanley cut their price target on Onto Innovation from $360.00 to $325.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 10th. Stifel Nicolaus decreased their price target on Onto Innovation from $350.00 to $305.00 and set a “buy” rating for the company in a report on Tuesday, November 10th. Zacks Research cut Onto Innovation from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 6th. B. Riley Financial dropped their price objective on Onto Innovation from $340.00 to $285.00 and set a “buy” rating on the stock in a report on Monday, November 9th. Finally, Jefferies Financial Group dropped their price objective on Onto Innovation from $400.00 to $350.00 and set a “buy” rating on the stock in a report on Tuesday, November 10th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $352.08.

Onto Innovation Stock Down 2.9%

Shares of NYSE:ONTO traded down $6.13 during trading on Friday, hitting $203.54. 806,947 shares of the company were exchanged, compared to its average volume of 1,211,282. The stock has a market capitalization of $9.99 billion, a P/E ratio of 66.95, a PEG ratio of 0.61 and a beta of 1.66. The company has a debt-to-equity ratio of 0.74, a current ratio of 6.78 and a quick ratio of 8.33. Onto Innovation Inc. has a 12-month low of $121.57 and a 12-month high of $386.46. The firm’s 50 day moving average price is $248.06 and its 200-day moving average price is $259.13.

Onto Innovation (NYSE:ONTO) last issued its earnings results on Monday, November 9th. The semiconductor company reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.14. The business had revenue of $409.75 million during the quarter, compared to analysts’ expectations of $392.06 million. Onto Innovation had a net margin of 11.53% and a return on equity of 17.18%. The company’s revenue for the quarter was up 87.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.92 EPS. On average, research analysts predict that Onto Innovation Inc. will post 8.25 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director David Miller sold 2,000 shares of the business’s stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $300.00, for a total value of $600,000.00. Following the completion of the sale, the director directly owned 10,692 shares of the company’s stock, valued at $3,207,600. The trade was a 15.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Susan Lynch sold 1,000 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $302.30, for a total transaction of $302,300.00. Following the completion of the transaction, the director owned 2,684 shares of the company’s stock, valued at $811,373.20. This represents a 27.14% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by insiders.

Key Headlines Impacting Onto Innovation

Here are a few of the latest headlines about ONTO:

• Positive Sentiment: Onto raised its Q4 outlook, citing AI-driven packaging demand, record growth, increased adoption of its Dragonfly G5 system and a backlog exceeding $1.3 billion. Management also highlighted growth potential heading into 2027. Article: ONTO Raises Q4 Outlook as AI Packaging Demand Drives Record Growth
• Neutral Sentiment: RBC lowered its price target to $350 from $400 but maintained an Outperform rating, reflecting a more cautious valuation view without changing its positive rating. Article: RBC Cuts Price Target, Keeps Outperform Rating
• Negative Sentiment: Several reports flag ONTO’s premium valuation, customer-concentration exposure and weaker capital-return profile as risks that could limit upside even as earnings and demand grow. A separate report describes a pessimistic Morgan Stanley outlook, while analyst target cuts—including from Jefferies—add to pressure on sentiment. Article: ONTO Falls as Growth Strength Collides With Valuation

Onto Innovation Company Profile

Onto Innovation develops process-control and inspection solutions used in semiconductor manufacturing. Its products include metrology and inspection systems, lithography equipment, and software that help manufacturers monitor production processes and identify defects. The company serves producers of semiconductor devices, advanced packaging, and specialty components. Its technologies support applications ranging from traditional wafer fabrication to newer packaging methods used in complex chips.