Lecap Asset Management Ltd. Sells 6,497 Shares of Onto Innovation Inc. $ONTO

Lecap Asset Management Ltd. decreased its position in Onto Innovation Inc. (NYSE:ONTO) by 39.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 9,928 shares of the semiconductor company’s stock after selling 6,497 shares during the period. Lecap Asset Management Ltd.’s holdings in Onto Innovation were worth $1,283,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ONTO. Blue Trust Inc. lifted its holdings in Onto Innovation by 2,061.5% in the 3rd quarter. Blue Trust Inc. now owns 281 shares of the semiconductor company’s stock worth $36,000 after buying an additional 268 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Onto Innovation by 76.8% during the third quarter. Farther Finance Advisors LLC now owns 320 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 139 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Onto Innovation by 206.9% during the second quarter. EverSource Wealth Advisors LLC now owns 577 shares of the semiconductor company’s stock valued at $58,000 after acquiring an additional 389 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of Onto Innovation by 148.5% during the second quarter. SBI Securities Co. Ltd. now owns 671 shares of the semiconductor company’s stock valued at $68,000 after acquiring an additional 401 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in Onto Innovation by 13.9% in the second quarter. Signaturefd LLC now owns 854 shares of the semiconductor company’s stock worth $86,000 after acquiring an additional 104 shares during the period. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Jefferies Financial Group boosted their price objective on shares of Onto Innovation from $170.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Stifel Nicolaus lifted their target price on shares of Onto Innovation from $110.00 to $120.00 and gave the company a “hold” rating in a research note on Monday, October 13th. Oppenheimer boosted their price target on shares of Onto Innovation from $130.00 to $180.00 and gave the company an “outperform” rating in a research report on Tuesday, October 14th. B. Riley raised their price objective on shares of Onto Innovation from $173.00 to $180.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Finally, Zacks Research raised Onto Innovation from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 31st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $171.25.

Onto Innovation Trading Down 1.7%

Shares of ONTO opened at $184.15 on Thursday. The company has a market cap of $9.03 billion, a price-to-earnings ratio of 52.02, a P/E/G ratio of 1.05 and a beta of 1.46. The business’s fifty day simple moving average is $148.78 and its two-hundred day simple moving average is $125.24. Onto Innovation Inc. has a 12 month low of $85.88 and a 12 month high of $228.42.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.03. Onto Innovation had a return on equity of 13.11% and a net margin of 17.46%.The firm had revenue of $218.19 million during the quarter, compared to analysts’ expectations of $220.23 million. During the same quarter in the previous year, the business earned $1.34 earnings per share. The company’s revenue was down 13.5% on a year-over-year basis. Onto Innovation has set its Q4 2025 guidance at 1.180-1.330 EPS. As a group, research analysts forecast that Onto Innovation Inc. will post 6.26 EPS for the current year.

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.