Brevan Howard Capital Management LP Invests $3.44 Million in Onto Innovation Inc. $ONTO

Brevan Howard Capital Management LP acquired a new stake in Onto Innovation Inc. (NYSE:ONTO) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 26,593 shares of the semiconductor company’s stock, valued at approximately $3,436,000.

A number of other hedge funds have also made changes to their positions in the stock. Westside Investment Management Inc. increased its position in shares of Onto Innovation by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 198 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 99 shares during the period. Blue Trust Inc. raised its stake in shares of Onto Innovation by 2,061.5% in the 3rd quarter. Blue Trust Inc. now owns 281 shares of the semiconductor company’s stock worth $36,000 after buying an additional 268 shares in the last quarter. Harbor Investment Advisory LLC acquired a new stake in shares of Onto Innovation in the third quarter valued at $37,000. Farther Finance Advisors LLC lifted its holdings in shares of Onto Innovation by 76.8% in 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 period. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in Onto Innovation during the third quarter valued at about $47,000. Institutional investors and hedge funds own 98.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ONTO shares. Jefferies Financial Group reaffirmed a “buy” rating and set a $300.00 target price on shares of Onto Innovation in a report on Friday, February 20th. Weiss Ratings restated a “hold (c)” rating on shares of Onto Innovation in a research report on Thursday, January 22nd. Needham & Company LLC lifted their price objective on shares of Onto Innovation from $260.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, February 20th. Oppenheimer reiterated an “outperform” rating and issued a $265.00 target price on shares of Onto Innovation in a report on Friday, February 20th. Finally, B. Riley Financial increased their target price on shares of Onto Innovation from $240.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, February 20th. One 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 MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $252.50.

Onto Innovation Trading Up 2.8%

Shares of ONTO opened at $194.90 on Tuesday. The business’s 50-day moving average price is $206.29 and its 200 day moving average price is $161.12. The stock has a market capitalization of $9.69 billion, a P/E ratio of 70.36, a P/E/G ratio of 0.99 and a beta of 1.47. Onto Innovation Inc. has a 1-year low of $85.88 and a 1-year high of $232.49.

Onto Innovation (NYSE:ONTO) last announced its earnings results 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 firm had revenue of $266.87 million during the quarter, compared to analyst estimates of $265.78 million. During the same quarter in the previous year, the business earned $1.51 earnings per share. The business’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. On average, research analysts predict that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

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.