E20 Capital Ltd Invests $21.28 Million in Onto Innovation Inc. $ONTO

E20 Capital Ltd bought a new stake in Onto Innovation Inc. (NYSE:ONTO) in the second quarter, HoldingsChannel reports. The fund bought 56,220 shares of the semiconductor company’s stock, valued at approximately $21,276,000. Onto Innovation makes up approximately 1.7% of E20 Capital Ltd’s investment portfolio, making the stock its 16th biggest position.

Several other hedge funds have also modified their holdings of ONTO. NewEdge Advisors LLC lifted its position in Onto Innovation by 312.5% during the 1st quarter. NewEdge Advisors LLC now owns 4,121 shares of the semiconductor company’s stock worth $500,000 after acquiring an additional 3,122 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Onto Innovation by 76.4% in the first quarter. Goldman Sachs Group Inc. now owns 482,256 shares of the semiconductor company’s stock valued at $58,517,000 after acquiring an additional 208,907 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Onto Innovation by 8.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 163,259 shares of the semiconductor company’s stock valued at $19,810,000 after acquiring an additional 13,175 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Onto Innovation by 6.3% during the second quarter. Cetera Investment Advisers now owns 4,017 shares of the semiconductor company’s stock valued at $405,000 after purchasing an additional 238 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of Onto Innovation by 182.4% during the second quarter. Russell Investments Group Ltd. now owns 6,631 shares of the semiconductor company’s stock valued at $666,000 after purchasing an additional 4,283 shares during the period. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

Onto Innovation Stock Performance

Onto Innovation stock opened at $293.68 on Monday. Onto Innovation Inc. has a 52 week low of $101.00 and a 52 week high of $386.46. The company has a current ratio of 9.73, a quick ratio of 8.33 and a debt-to-equity ratio of 0.77. The stock has a market cap of $14.41 billion, a P/E ratio of 110.41, a price-to-earnings-growth ratio of 0.98 and a beta of 1.59. The stock has a 50 day moving average of $304.92 and a 200-day moving average of $263.86.

Onto Innovation (NYSE:ONTO) last issued its quarterly 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. The business had revenue of $343.13 million during the quarter, compared to analyst estimates of $325.29 million. Onto Innovation had a net margin of 11.84% and a return on equity of 13.44%. The business’s revenue was up 35.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.25 earnings per share. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. On average, analysts expect that Onto Innovation Inc. will post 7.88 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ONTO shares. The Goldman Sachs Group began coverage on shares of Onto Innovation in a research note on Monday, August 17th. They issued a “buy” rating and a $400.00 target price for the company. Zacks Research raised shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Weiss Ratings upgraded shares of Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Onto Innovation in a research report on Friday, June 5th. They issued a “buy” rating and a $350.00 price objective for the company. Finally, Morgan Stanley restated an “overweight” rating and set a $383.00 target price on shares of Onto Innovation in a research note on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $380.30.

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.