Andar Capital Management HK Ltd Sells 23,360 Shares of Onto Innovation Inc. $ONTO

Andar Capital Management HK Ltd trimmed its holdings in Onto Innovation Inc. (NYSE:ONTO) by 21.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 86,640 shares of the semiconductor company’s stock after selling 23,360 shares during the period. Onto Innovation accounts for about 14.7% of Andar Capital Management HK Ltd’s investment portfolio, making the stock its 3rd largest position. Andar Capital Management HK Ltd’s holdings in Onto Innovation were worth $13,677,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ONTO. Westside Investment Management Inc. grew its holdings 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 worth $27,000 after buying an additional 99 shares in the last quarter. Danske Bank A S purchased a new stake in shares of Onto Innovation during the third quarter worth about $39,000. Covestor Ltd grew its holdings in shares of Onto Innovation by 224.5% during the fourth quarter. Covestor Ltd now owns 305 shares of the semiconductor company’s stock worth $48,000 after buying an additional 211 shares in the last quarter. Torren Management LLC purchased a new stake in shares of Onto Innovation during the fourth quarter worth about $49,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Onto Innovation by 206.9% during the second quarter. EverSource Wealth Advisors LLC now owns 577 shares of the semiconductor company’s stock worth $58,000 after buying an additional 389 shares in the last quarter. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. B. Riley Financial lifted their price target on shares of Onto Innovation from $275.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, April 13th. Oppenheimer set a $370.00 target price on shares of Onto Innovation in a research report on Wednesday, May 6th. Weiss Ratings raised shares of Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, April 27th. Cantor Fitzgerald raised their target price on shares of Onto Innovation from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, April 6th. Finally, Needham & Company LLC raised their price target on shares of Onto Innovation from $320.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Onto Innovation has a consensus rating of “Buy” and an average price target of $310.63.

Key Stories Impacting Onto Innovation

Here are the key news stories impacting Onto Innovation this week:

• Positive Sentiment: Zacks Research raised multiple forward earnings estimates for Onto Innovation, including FY2026, FY2027, and several quarterly forecasts, suggesting improving profit expectations for the semiconductor equipment maker. MarketBeat Onto Innovation coverage
• Positive Sentiment: Needham reportedly lifted its price target on ONTO to $330 from $320 while maintaining a Buy rating, reinforcing a constructive Wall Street view. Needham price target increase article
• Positive Sentiment: Zacks also highlighted Onto Innovation’s outlook for more than 30% revenue growth in 2026, driven by AI-related demand and new Dragonfly/Atlas systems, which points to a potentially strong growth runway. Zacks revenue growth article
• Neutral Sentiment: Several roundup-style articles named ONTO among “strong buy” or top nanotechnology/tech stocks, which adds visibility but does not provide a new company-specific catalyst. Strong buy tech stocks article
• Neutral Sentiment: One market commentary argued ONTO may look overvalued after its recent run, reflecting a common investor concern that could cap upside if growth expectations are not met. GuruFocus overvalued article

Onto Innovation Stock Down 3.0%

ONTO opened at $258.79 on Friday. The firm has a market capitalization of $12.87 billion, a P/E ratio of 120.93, a P/E/G ratio of 1.26 and a beta of 1.70. The firm’s 50 day moving average is $255.29 and its 200-day moving average is $207.07. Onto Innovation Inc. has a 52-week low of $89.40 and a 52-week high of $316.00.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $1.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.04. The company had revenue of $291.95 million for the quarter, compared to analyst estimates of $292.00 million. Onto Innovation had a net margin of 10.32% and a return on equity of 11.68%. The business’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.51 earnings per share. Equities analysts expect that Onto Innovation Inc. will post 7.05 earnings per share 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.