EFG Asset Management North America Corp. Makes New Investment in Onto Innovation Inc. $ONTO

EFG Asset Management North America Corp. bought a new position in Onto Innovation Inc. (NYSE:ONTO) in the third quarter, HoldingsChannel.com reports. The fund bought 11,990 shares of the semiconductor company’s stock, valued at approximately $1,549,000.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. increased its holdings in shares of Onto Innovation by 2,061.5% in the third quarter. Blue Trust Inc. now owns 281 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 268 shares in the last quarter. Harbor Investment Advisory LLC bought a new position in Onto Innovation in the 3rd quarter valued at $37,000. Farther Finance Advisors LLC raised 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 worth $41,000 after acquiring an additional 139 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Onto Innovation during the third quarter valued at $47,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Onto Innovation by 206.9% in the second quarter. EverSource Wealth Advisors LLC now owns 577 shares of the semiconductor company’s stock valued at $58,000 after acquiring an additional 389 shares during the last quarter. 98.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Oppenheimer boosted their price objective on Onto Innovation from $130.00 to $180.00 and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Cantor Fitzgerald reiterated a “neutral” rating and set a $170.00 price target on shares of Onto Innovation in a research report on Tuesday, December 16th. Needham & Company LLC increased their price objective on shares of Onto Innovation from $200.00 to $260.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Jefferies Financial Group raised their price objective on shares of Onto Innovation from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Onto Innovation in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $193.75.

Onto Innovation Price Performance

Onto Innovation stock opened at $208.46 on Wednesday. The firm has a market capitalization of $10.22 billion, a price-to-earnings ratio of 58.89, a PEG ratio of 1.14 and a beta of 1.46. The company’s 50 day simple moving average is $169.43 and its 200 day simple moving average is $135.89. Onto Innovation Inc. has a fifty-two week low of $85.88 and a fifty-two week high of $227.07.

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

About Onto Innovation

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.