Nicholas Investment Partners LP Purchases New Shares in Onto Innovation Inc. $ONTO

Nicholas Investment Partners LP acquired a new position in shares of Onto Innovation Inc. (NYSE:ONTO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 29,952 shares of the semiconductor company’s stock, valued at approximately $11,335,000.

Other institutional investors have also recently made changes to their positions in the company. Fiduciary Financial Advisors purchased a new stake in shares of Onto Innovation in the second quarter valued at about $25,000. CoreCap Advisors LLC purchased a new position in Onto Innovation during the second quarter worth about $38,000. Rakuten Securities Inc. bought a new stake in Onto Innovation in the 2nd quarter worth about $40,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Onto Innovation in the 2nd quarter worth about $42,000. Finally, Harbor Investment Advisory LLC purchased a new stake in Onto Innovation in the 2nd quarter valued at about $47,000. Institutional investors own 98.35% of the company’s stock.

Onto Innovation Stock Performance

Shares of ONTO stock opened at $283.21 on Tuesday. The firm has a market cap of $13.90 billion, a price-to-earnings ratio of 106.47, a P/E/G ratio of 0.98 and a beta of 1.59. The company has a debt-to-equity ratio of 0.77, a quick ratio of 8.33 and a current ratio of 9.73. Onto Innovation Inc. has a 52 week low of $101.00 and a 52 week high of $386.46. The firm’s 50-day simple moving average is $303.86 and its two-hundred day simple moving average is $264.45.

Onto Innovation (NYSE:ONTO) last released its earnings results on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.24. Onto Innovation had a net margin of 11.84% and a return on equity of 13.44%. The firm had revenue of $343.13 million during the quarter, compared to the consensus estimate of $325.29 million. During the same period in the prior year, the firm earned $1.25 EPS. The company’s revenue was up 35.3% compared to the same quarter last year. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. As a group, equities analysts forecast that Onto Innovation Inc. will post 7.88 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Cantor Fitzgerald lifted their target price 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. B. Riley Financial reaffirmed a “buy” rating on shares of Onto Innovation in a report on Friday, August 7th. Wall Street Zen raised Onto Innovation from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Needham & Company LLC lifted their price target on Onto Innovation from $330.00 to $360.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Finally, The Goldman Sachs Group initiated coverage on Onto Innovation in a research report on Monday, August 17th. They issued a “buy” rating and a $400.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $380.30.

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.