Nicholas Investment Partners LP Invests $11.34 Million in Onto Innovation Inc. $ONTO

Nicholas Investment Partners LP acquired a new stake in Onto Innovation Inc. (NYSE:ONTO) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 29,952 shares of the semiconductor company’s stock, valued at approximately $11,335,000. Nicholas Investment Partners LP owned approximately 0.06% of Onto Innovation as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Parallel Advisors LLC grew its holdings in Onto Innovation by 16.5% in the first quarter. Parallel Advisors LLC now owns 395 shares of the semiconductor company’s stock worth $81,000 after purchasing an additional 56 shares during the period. Kestra Advisory Services LLC increased its stake in Onto Innovation by 4.9% in the first quarter. Kestra Advisory Services LLC now owns 1,368 shares of the semiconductor company’s stock valued at $281,000 after purchasing an additional 64 shares in the last quarter. Fiduciary Financial Advisors acquired a new position in shares of Onto Innovation during the second quarter valued at about $25,000. Root Financial Partners LLC raised its holdings in shares of Onto Innovation by 71.2% during the fourth quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 74 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in shares of Onto Innovation by 8.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,165 shares of the semiconductor company’s stock worth $186,000 after purchasing an additional 92 shares in the last quarter. Institutional investors and hedge funds own 98.35% of the company’s stock.

Onto Innovation Stock Down 3.4%

Onto Innovation stock opened at $283.21 on Tuesday. Onto Innovation Inc. has a 1-year low of $101.00 and a 1-year high of $386.46. The firm has a market capitalization of $13.90 billion, a price-to-earnings ratio of 106.47, a price-to-earnings-growth ratio of 0.98 and a beta of 1.59. The firm’s fifty day moving average price is $303.86 and its two-hundred day moving average price is $264.45. 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 issued its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share (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 firm had revenue of $343.13 million during the quarter, compared to analysts’ expectations of $325.29 million. During the same period last year, the company earned $1.25 earnings per share. The business’s 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. On average, equities research analysts predict that Onto Innovation Inc. will post 7.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on ONTO. Evercore restated an “outperform” rating and issued a $390.00 target price on shares of Onto Innovation in a research note on Friday, August 7th. The Goldman Sachs Group assumed coverage on Onto Innovation in a research note on Monday, August 17th. They set a “buy” rating and a $400.00 price target on the stock. Needham & Company LLC increased their price target on Onto Innovation from $330.00 to $360.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Weiss Ratings raised Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday. Finally, Zacks Research upgraded Onto Innovation from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $380.30.

About Onto Innovation

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.