Congress Asset Management Co. Sells 3,503 Shares of Onto Innovation Inc. $ONTO

Congress Asset Management Co. trimmed its position in Onto Innovation Inc. (NYSE:ONTO) by 72.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,360 shares of the semiconductor company’s stock after selling 3,503 shares during the quarter. Congress Asset Management Co.’s holdings in Onto Innovation were worth $215,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Westside Investment Management Inc. increased its stake in shares of Onto Innovation by 100.0% during the third quarter. Westside Investment Management Inc. now owns 198 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 99 shares during the period. Blue Trust Inc. lifted its stake 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 acquiring an additional 268 shares during the period. Harbor Investment Advisory LLC purchased a new stake in Onto Innovation in the third quarter worth about $37,000. Danske Bank A S bought a new position in Onto Innovation during the 3rd quarter worth about $39,000. Finally, Farther Finance Advisors LLC grew its holdings in Onto Innovation by 76.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 320 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 139 shares in the last quarter. Institutional investors own 98.35% of the company’s stock.

Onto Innovation Trading Down 7.3%

Shares of ONTO opened at $204.82 on Friday. The firm has a market cap of $10.18 billion, a PE ratio of 73.94, a P/E/G ratio of 1.15 and a beta of 1.47. Onto Innovation Inc. has a 12 month low of $85.88 and a 12 month high of $232.49. The stock has a fifty day moving average price of $208.53 and a 200-day moving average price of $166.09.

Onto Innovation (NYSE:ONTO) last announced its earnings results on Thursday, February 19th. The semiconductor company reported $1.26 earnings per share 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 for the quarter, compared to analysts’ expectations of $265.78 million. During the same quarter last year, the firm earned $1.51 earnings per share. The firm’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, research analysts forecast that Onto Innovation Inc. will post 6.26 EPS for the current year.

Analyst Ratings Changes

ONTO has been the topic of a number of research reports. Cantor Fitzgerald raised shares of Onto Innovation from a “neutral” rating to an “overweight” rating and raised their target price for the company from $170.00 to $275.00 in a research report on Monday, February 16th. Stifel Nicolaus set a $220.00 price objective on shares of Onto Innovation in a research note on Friday, February 20th. Needham & Company LLC lifted their price objective on shares of Onto Innovation from $260.00 to $275.00 and gave the company a “buy” rating in a report on Friday, February 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Onto Innovation in a report on Thursday, January 22nd. Finally, Evercore reissued an “outperform” rating and issued a $250.00 price objective on shares of Onto Innovation in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.