Quantinno Capital Management LP Grows Position in Onto Innovation Inc. $ONTO

Quantinno Capital Management LP boosted its position in shares of Onto Innovation Inc. (NYSE:ONTO) by 29.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,024 shares of the semiconductor company’s stock after purchasing an additional 4,499 shares during the period. Quantinno Capital Management LP’s holdings in Onto Innovation were worth $4,106,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its position in shares of Onto Innovation by 16.5% in the first quarter. Parallel Advisors LLC now owns 395 shares of the semiconductor company’s stock valued at $81,000 after buying an additional 56 shares in the last quarter. Kestra Advisory Services LLC lifted its position in shares of Onto Innovation by 4.9% during the 1st quarter. Kestra Advisory Services LLC now owns 1,368 shares of the semiconductor company’s stock valued at $281,000 after buying an additional 64 shares in the last quarter. Root Financial Partners LLC grew its stake in Onto Innovation by 71.2% in the 4th quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 74 shares during the period. Smartleaf Asset Management LLC grew its stake in Onto Innovation by 8.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,165 shares of the semiconductor company’s stock valued at $186,000 after acquiring an additional 92 shares during the period. Finally, Millstone Evans Group LLC increased its holdings in Onto Innovation by 147.8% in the 1st quarter. Millstone Evans Group LLC now owns 166 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 99 shares in the last quarter. 98.35% of the stock is owned by hedge funds and other institutional investors.

Onto Innovation Stock Performance

NYSE ONTO opened at $307.78 on Friday. The stock’s fifty day moving average is $297.04 and its two-hundred day moving average is $256.05. The firm has a market capitalization of $15.31 billion, a P/E ratio of 115.71, a price-to-earnings-growth ratio of 1.10 and a beta of 1.59. Onto Innovation Inc. has a fifty-two week low of $93.50 and a fifty-two week high of $386.46.

Onto Innovation (NYSE:ONTO) last issued its earnings results on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.24. Onto Innovation had a return on equity of 13.19% and a net margin of 11.84%.The business had revenue of $343.13 million during the quarter, compared to the consensus estimate of $325.29 million. During the same period last year, the company earned $1.25 EPS. The company’s revenue for the quarter was up 35.3% on a year-over-year basis. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. As a group, sell-side analysts forecast that Onto Innovation Inc. will post 7.14 EPS for the current year.

Key Headlines Impacting Onto Innovation

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

• Positive Sentiment: Q2 results beat expectations: Onto reported adjusted earnings of $1.93 per share versus the $1.69 consensus estimate, while revenue reached a record $343.1 million, up 35.3% year over year and above the $325.3 million expected. Profitability also improved, with gross profit up 50.1% and operating profit nearly doubling. Onto Innovation earnings report
• Positive Sentiment: Raised outlook significantly: Third-quarter EPS guidance of $2.18-$2.38 and revenue guidance of $380 million-$400 million are well above Wall Street estimates of $1.93 and $351.8 million, respectively. The stronger forecast supports expectations for accelerating near-term growth. Onto Innovation second-quarter results
• Positive Sentiment: AI and advanced packaging demand remain strong: Management said backlog exceeded $1.1 billion, with orders extending into 2027. Demand for advanced packaging equipment tied to AI chip production is strengthening the company’s visibility and second-half outlook. ONTO Q2 earnings call highlights
• Positive Sentiment: Analyst confidence increased: Needham raised its price target from $330 to $360 and maintained a Buy rating, reinforcing the positive reaction to the earnings and guidance. Analyst price target update
• Positive Sentiment: Industrywide catalyst: A proposed Tesla-SpaceX “Terafab” chip-manufacturing buildout could increase long-term demand for semiconductor inspection and metrology equipment from Onto and other suppliers. Tesla-SpaceX Terafab chip equipment outlook

Analysts Set New Price Targets

ONTO has been the subject of a number of research analyst reports. Cantor Fitzgerald upped their price objective on shares of Onto Innovation from $350.00 to $410.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Deutsche Bank Aktiengesellschaft began coverage on shares of Onto Innovation in a research note on Friday, June 5th. They set a “buy” rating and a $350.00 target price for the company. Freedom Capital upgraded shares of Onto Innovation to a “strong-buy” rating in a research report on Wednesday, June 17th. Morgan Stanley reaffirmed an “overweight” rating and issued a $383.00 price target on shares of Onto Innovation in a research note on Friday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Onto Innovation in a research note on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $378.11.

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.