Westfield Capital Management Co. LP Has $35.43 Million Stake in Onto Innovation Inc. $ONTO

Westfield Capital Management Co. LP grew its position in Onto Innovation Inc. (NYSE:ONTO) by 72.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 351,064 shares of the semiconductor company’s stock after buying an additional 147,498 shares during the quarter. Westfield Capital Management Co. LP owned 0.72% of Onto Innovation worth $35,433,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. lifted its stake in Onto Innovation by 63.9% during the second quarter. Harbor Capital Advisors Inc. now owns 23,906 shares of the semiconductor company’s stock worth $2,413,000 after purchasing an additional 9,324 shares during the last quarter. Verdence Capital Advisors LLC bought a new position in shares of Onto Innovation in the 2nd quarter valued at $2,920,000. Nicholas Company Inc. raised its holdings in shares of Onto Innovation by 31.9% during the 2nd quarter. Nicholas Company Inc. now owns 38,816 shares of the semiconductor company’s stock worth $3,918,000 after buying an additional 9,385 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Onto Innovation during the 2nd quarter worth $1,997,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Onto Innovation during the 1st quarter worth $818,000. Institutional investors and hedge funds own 98.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ONTO shares. Evercore ISI lifted their target price on Onto Innovation from $115.00 to $160.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Benchmark decreased their price target on shares of Onto Innovation from $190.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, August 8th. Weiss Ratings restated a “hold (c)” rating on shares of Onto Innovation in a research report on Wednesday, October 8th. Stifel Nicolaus boosted their target price on shares of Onto Innovation from $110.00 to $120.00 and gave the stock a “hold” rating in a research note on Monday, October 13th. Finally, B. Riley increased their price target on Onto Innovation from $173.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $151.25.

Onto Innovation Price Performance

NYSE:ONTO opened at $125.20 on Friday. Onto Innovation Inc. has a one year low of $85.88 and a one year high of $228.42. The company has a market cap of $6.14 billion, a PE ratio of 30.99, a P/E/G ratio of 0.94 and a beta of 1.64. The firm’s 50 day simple moving average is $131.31 and its 200 day simple moving average is $111.59.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.03. The firm had revenue of $218.19 million during the quarter, compared to the consensus estimate of $220.23 million. Onto Innovation had a net margin of 19.29% and a return on equity of 14.38%. The company’s revenue for the quarter was down 13.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.34 earnings per share. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS. Equities research analysts expect that Onto Innovation Inc. will post 6.26 EPS for the current year.

About Onto Innovation

Onto Innovation Inc engages in the design, development, manufacture, and support of process control tools that performs optical metrology. The company offers lithography systems and process control analytical software. It also offers process and yield management solutions, and device packaging and test facilities through standalone systems for optical metrology, macro-defect inspection, packaging lithography, and transparent and opaque thin film measurements.