E20 Capital Ltd Buys New Shares in Onto Innovation Inc. $ONTO

E20 Capital Ltd bought a new position in shares of Onto Innovation Inc. (NYSE:ONTO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 56,220 shares of the semiconductor company’s stock, valued at approximately $21,276,000. Onto Innovation accounts for 1.7% of E20 Capital Ltd’s holdings, making the stock its 16th biggest holding. E20 Capital Ltd owned about 0.11% of Onto Innovation as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in ONTO. Root Financial Partners LLC increased its stake in shares of Onto Innovation by 71.2% during the 4th quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 74 shares during the last quarter. Transamerica Financial Advisors LLC boosted its position in shares of Onto Innovation by 188.5% in the fourth quarter. Transamerica Financial Advisors LLC now owns 176 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 115 shares during the last quarter. Millstone Evans Group LLC boosted its position in shares of Onto Innovation by 147.8% in the first quarter. Millstone Evans Group LLC now owns 166 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 99 shares during the last quarter. CoreCap Advisors LLC purchased a new stake in Onto Innovation in the second quarter valued at approximately $38,000. Finally, CIBC Private Wealth Group LLC grew its holdings in Onto Innovation by 109.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 245 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 128 shares during the period. 98.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Needham & Company LLC lifted their price target on shares of Onto Innovation from $330.00 to $360.00 and gave the company a “buy” rating in a report on Friday, August 7th. Weiss Ratings upgraded Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday. Freedom Capital raised Onto Innovation to a “strong-buy” rating in a research report on Wednesday, June 17th. Cantor Fitzgerald lifted their target price on Onto Innovation from $350.00 to $410.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Finally, Zacks Research raised Onto Innovation from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Onto Innovation has an average rating of “Buy” and a consensus price target of $380.30.

Onto Innovation Trading Up 0.1%

Shares of ONTO stock opened at $293.68 on Monday. The stock has a market cap of $14.41 billion, a price-to-earnings ratio of 110.41, a price-to-earnings-growth ratio of 0.98 and a beta of 1.59. The company has a quick ratio of 8.33, a current ratio of 9.73 and a debt-to-equity ratio of 0.77. Onto Innovation Inc. has a fifty-two week low of $101.00 and a fifty-two week high of $386.46. The firm’s 50 day moving average price is $304.92 and its two-hundred day moving average price is $263.86.

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