Assenagon Asset Management S.A. Trims Stock Position in Onto Innovation Inc. $ONTO

Assenagon Asset Management S.A. decreased its stake in Onto Innovation Inc. (NYSE:ONTO) by 52.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 205,140 shares of the semiconductor company’s stock after selling 222,849 shares during the period. Assenagon Asset Management S.A.’s holdings in Onto Innovation were worth $32,383,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Onto Innovation by 5.5% during the 3rd quarter. Vanguard Group Inc. now owns 5,667,404 shares of the semiconductor company’s stock worth $732,342,000 after acquiring an additional 294,393 shares in the last quarter. William Blair Investment Management LLC lifted its position in Onto Innovation by 80.3% in the third quarter. William Blair Investment Management LLC now owns 1,981,761 shares of the semiconductor company’s stock valued at $256,083,000 after acquiring an additional 882,901 shares during the last quarter. Wellington Management Group LLP boosted its stake in Onto Innovation by 1,217.0% in the third quarter. Wellington Management Group LLP now owns 1,398,995 shares of the semiconductor company’s stock valued at $180,778,000 after acquiring an additional 1,292,772 shares in the last quarter. Franklin Resources Inc. boosted its stake in Onto Innovation by 65.2% in the third quarter. Franklin Resources Inc. now owns 1,114,501 shares of the semiconductor company’s stock valued at $144,016,000 after acquiring an additional 440,035 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY grew its holdings in shares of Onto Innovation by 0.7% during the second quarter. Paradigm Capital Management Inc. NY now owns 1,112,839 shares of the semiconductor company’s stock worth $112,319,000 after purchasing an additional 7,900 shares during the last quarter. 98.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ONTO shares. Evercore reiterated an “outperform” rating and set a $250.00 target price on shares of Onto Innovation in a research report on Thursday, February 19th. Jefferies Financial Group reissued a “buy” rating and issued a $300.00 target price on shares of Onto Innovation in a research report on Friday, February 20th. Zacks Research upgraded Onto Innovation from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 31st. Stifel Nicolaus set a $220.00 price target on Onto Innovation in a research report on Friday, February 20th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $265.00 price objective on shares of Onto Innovation in a research note on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $252.50.

Onto Innovation Stock Performance

Shares of ONTO opened at $220.90 on Thursday. Onto Innovation Inc. has a fifty-two week low of $85.88 and a fifty-two week high of $232.49. The firm has a 50-day simple moving average of $208.79 and a 200-day simple moving average of $165.82. The company has a market capitalization of $10.98 billion, a price-to-earnings ratio of 79.75, a price-to-earnings-growth ratio of 1.14 and a beta of 1.47.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings results on Thursday, February 19th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.02). The company had revenue of $266.87 million during the quarter, compared to analyst estimates of $265.78 million. Onto Innovation had a net margin of 13.60% and a return on equity of 12.20%. The business’s revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.51 EPS. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. Equities research analysts forecast that Onto Innovation Inc. will post 6.26 EPS for the current 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.