TimesSquare Capital Management LLC Purchases New Stake in Onto Innovation Inc. $ONTO

TimesSquare Capital Management LLC acquired a new position in shares of Onto Innovation Inc. (NYSE:ONTO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 217,113 shares of the semiconductor company’s stock, valued at approximately $82,166,000. Onto Innovation comprises 1.2% of TimesSquare Capital Management LLC’s investment portfolio, making the stock its 23rd biggest holding. TimesSquare Capital Management LLC owned about 0.44% of Onto Innovation as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. CWM LLC boosted its position in shares of Onto Innovation by 361.2% in the 4th quarter. CWM LLC now owns 20,068 shares of the semiconductor company’s stock worth $3,168,000 after purchasing an additional 15,717 shares during the last quarter. Entropy Technologies LP bought a new stake in Onto Innovation in the first quarter valued at about $2,877,000. Cetera Investment Advisers increased its holdings in Onto Innovation by 15.6% in the first quarter. Cetera Investment Advisers now owns 13,266 shares of the semiconductor company’s stock valued at $2,720,000 after purchasing an additional 1,793 shares during the last quarter. M&T Bank Corp lifted its stake in Onto Innovation by 11,228.9% in the fourth quarter. M&T Bank Corp now owns 341,112 shares of the semiconductor company’s stock valued at $53,848,000 after buying an additional 338,101 shares during the period. Finally, Andar Capital Management HK Ltd acquired a new position in Onto Innovation in the second quarter valued at about $69,000,000. Institutional investors and hedge funds own 98.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ONTO shares. Wall Street Zen upgraded Onto Innovation from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Needham & Company LLC increased their price target on shares of Onto Innovation from $330.00 to $360.00 and gave the company a “buy” rating in a research report on Friday, August 7th. The Goldman Sachs Group started coverage on shares of Onto Innovation in a research note on Monday. They set a “buy” rating and a $400.00 price objective on the stock. Oppenheimer boosted their price objective on shares of Onto Innovation from $370.00 to $450.00 and gave the company an “outperform” rating in a report on Monday, June 22nd. Finally, Weiss Ratings downgraded shares of Onto Innovation from a “hold (c)” rating to a “hold (c-)” rating 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 given a Hold rating to the stock. Based on data from MarketBeat.com, Onto Innovation has an average rating of “Buy” and a consensus price target of $380.30.

Onto Innovation Stock Up 6.1%

NYSE:ONTO opened at $351.91 on Tuesday. Onto Innovation Inc. has a 1 year low of $101.00 and a 1 year high of $386.46. The stock has a 50-day moving average price of $304.23 and a two-hundred day moving average price of $261.22. The stock has a market cap of $17.27 billion, a price-to-earnings ratio of 132.30, a PEG ratio of 1.11 and a beta of 1.59. The company has a current ratio of 9.73, a quick ratio of 8.33 and a debt-to-equity ratio of 0.77.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.24. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%.The company had revenue of $343.13 million for the quarter, compared to analyst estimates of $325.29 million. During the same quarter last year, the firm posted $1.25 earnings per share. Onto Innovation’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 expect that Onto Innovation Inc. will post 7.88 earnings per share for the current year.

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.