3,654 Shares in Onto Innovation Inc. $ONTO Acquired by EdgeRock Capital LLC

EdgeRock Capital LLC bought a new position in shares of Onto Innovation Inc. (NYSE:ONTO) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,654 shares of the semiconductor company’s stock, valued at approximately $472,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ONTO. Blue Trust Inc. lifted its stake in shares of Onto Innovation by 2,061.5% during the 3rd 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 last quarter. Harbor Investment Advisory LLC bought a new position in Onto Innovation in the third quarter worth about $37,000. Farther Finance Advisors LLC lifted its position 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 buying an additional 139 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Onto Innovation by 206.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 577 shares of the semiconductor company’s stock valued at $58,000 after buying an additional 389 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of Onto Innovation by 148.5% in the 2nd quarter. SBI Securities Co. Ltd. now owns 671 shares of the semiconductor company’s stock valued at $68,000 after buying an additional 401 shares in the last quarter. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

Onto Innovation Trading Up 7.7%

NYSE ONTO opened at $217.72 on Friday. Onto Innovation Inc. has a 12-month low of $85.88 and a 12-month high of $228.42. The company has a fifty day simple moving average of $156.36 and a two-hundred day simple moving average of $129.18. The stock has a market cap of $10.67 billion, a P/E ratio of 61.50, a P/E/G ratio of 1.12 and a beta of 1.46.

Onto Innovation (NYSE:ONTO) last released its earnings results on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.03. The firm had revenue of $218.19 million for the quarter, compared to the consensus estimate of $220.23 million. Onto Innovation had a return on equity of 13.11% and a net margin of 17.46%.The firm’s revenue was down 13.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.34 EPS. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS. As a group, sell-side analysts forecast that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

ONTO has been the subject of a number of analyst reports. Cantor Fitzgerald reissued a “neutral” rating and set a $170.00 target price on shares of Onto Innovation in a research report on Tuesday, December 16th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Onto Innovation in a report on Wednesday, October 8th. Jefferies Financial Group upped 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. Zacks Research raised Onto Innovation from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 31st. Finally, Oppenheimer boosted their target price on Onto Innovation from $130.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. 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’s stock. Based on data from MarketBeat.com, Onto Innovation presently has a consensus rating of “Moderate Buy” and a consensus target price of $186.25.

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.