William Blair Investment Management LLC Buys 882,901 Shares of Onto Innovation Inc. $ONTO

William Blair Investment Management LLC lifted its position in Onto Innovation Inc. (NYSE:ONTO) by 80.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,981,761 shares of the semiconductor company’s stock after acquiring an additional 882,901 shares during the period. Onto Innovation accounts for about 0.7% of William Blair Investment Management LLC’s investment portfolio, making the stock its 29th largest holding. William Blair Investment Management LLC’s holdings in Onto Innovation were worth $256,083,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Westside Investment Management Inc. increased its stake in shares of Onto Innovation by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 198 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 99 shares in the last quarter. Blue Trust Inc. grew its holdings in Onto Innovation by 2,061.5% in the third quarter. Blue Trust Inc. now owns 281 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 268 shares during the period. Harbor Investment Advisory LLC bought a new position in shares of Onto Innovation during the third quarter valued at approximately $37,000. Farther Finance Advisors LLC lifted 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 last quarter. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Onto Innovation in the 3rd quarter worth approximately $47,000. 98.35% of the stock is owned by hedge funds and other institutional investors.

Onto Innovation Price Performance

ONTO stock opened at $215.25 on Friday. The stock has a market capitalization of $10.70 billion, a P/E ratio of 77.71, a P/E/G ratio of 1.13 and a beta of 1.50. Onto Innovation Inc. has a 1-year low of $85.88 and a 1-year high of $232.49. The business has a fifty day moving average price of $198.86 and a 200-day moving average price of $154.00.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings data on Thursday, February 19th. The semiconductor company reported $1.26 EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $265.78 million. During the same quarter in the previous year, the business posted $1.51 earnings per share. Onto Innovation’s quarterly revenue 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. As a group, analysts anticipate that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Onto Innovation in a research report on Thursday, January 22nd. Needham & Company LLC increased their target price on Onto Innovation from $260.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Cantor Fitzgerald upgraded Onto Innovation from a “neutral” rating to an “overweight” rating and raised their price target for the company from $170.00 to $275.00 in a report on Monday, February 16th. Evercore reaffirmed an “outperform” rating and issued a $250.00 price target on shares of Onto Innovation in a research report on Thursday, February 19th. Finally, B. Riley Financial increased their price objective on shares of Onto Innovation from $240.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $252.50.

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.