William Blair Investment Management LLC Takes $251.81 Million Position in Onto Innovation Inc. $ONTO

William Blair Investment Management LLC purchased a new position in shares of Onto Innovation Inc. (NYSE:ONTO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 665,377 shares of the semiconductor company’s stock, valued at approximately $251,812,000. Onto Innovation accounts for 0.8% of William Blair Investment Management LLC’s investment portfolio, making the stock its 18th biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Andar Capital Management HK Ltd acquired a new stake in Onto Innovation in the 2nd quarter valued at approximately $69,000,000. BlackRock Inc. acquired a new stake in shares of Onto Innovation in the 2nd quarter valued at $2,083,436,000. Wellington Management Group LLP raised its stake in Onto Innovation by 1,217.0% in the third quarter. Wellington Management Group LLP now owns 1,398,995 shares of the semiconductor company’s stock valued at $180,778,000 after buying an additional 1,292,772 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Onto Innovation by 21.4% in the 4th quarter. Franklin Resources Inc. now owns 1,353,001 shares of the semiconductor company’s stock valued at $213,585,000 after acquiring an additional 238,500 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Onto Innovation by 45.4% during the 4th quarter. Geode Capital Management LLC now owns 1,127,532 shares of the semiconductor company’s stock worth $178,024,000 after acquiring an additional 352,316 shares in the last quarter. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

Onto Innovation Stock Performance

Shares of ONTO opened at $293.68 on Friday. 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 firm has a market cap of $14.41 billion, a PE ratio of 110.41, a price-to-earnings-growth ratio of 1.00 and a beta of 1.59. The company’s 50 day simple moving average is $304.92 and its 200-day simple moving average is $263.43. Onto Innovation Inc. has a 12-month low of $101.00 and a 12-month high of $386.46.

Onto Innovation (NYSE:ONTO) last announced its earnings results on Thursday, August 6th. The semiconductor company reported $1.93 EPS 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 business had revenue of $343.13 million for the quarter, compared to analysts’ expectations of $325.29 million. During the same period in the previous year, the company posted $1.25 EPS. The company’s quarterly revenue was up 35.3% on a year-over-year basis. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. As a group, equities analysts predict that Onto Innovation Inc. will post 7.88 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on ONTO. Jefferies Financial Group upped their price target on Onto Innovation from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, August 7th. Oppenheimer raised their price objective on shares of Onto Innovation from $370.00 to $450.00 and gave the stock an “outperform” rating in a report on Monday, June 22nd. Needham & Company LLC boosted their price objective on shares of Onto Innovation from $330.00 to $360.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Onto Innovation in a report on Friday, June 5th. They issued a “buy” rating and a $350.00 target price for the company. Finally, Morgan Stanley reiterated an “overweight” rating and set a $383.00 price target on shares of Onto Innovation in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Onto Innovation has a consensus rating of “Buy” and a consensus target price of $380.30.

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.