Keybank National Association OH Makes New Investment in Onto Innovation Inc. $ONTO

Key Points

• KeyBank National Association OH established a new position in Onto Innovation in Q4, purchasing 3,970 shares valued at about $627,000, and institutional investors now own roughly 98.35% of the company.
• Analysts are broadly bullish: the consensus rating is Buy with an average price target of $300.63 and individual targets rising as high as $350.
• Onto Innovation's latest quarter showed a slight EPS miss ($1.26 vs. $1.28) with revenue of $266.9M (a small beat); the stock trades near $293 and the company has a market cap of about $14.6 billion.

Keybank National Association OH bought a new position in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,970 shares of the semiconductor company's stock, valued at approximately $627,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ONTO. Vanguard Group Inc. lifted its holdings in shares of Onto Innovation by 5.5% during the third quarter. Vanguard Group Inc. now owns 5,667,404 shares of the semiconductor company's stock worth $732,342,000 after purchasing an additional 294,393 shares during the period. William Blair Investment Management LLC lifted its holdings in shares of Onto Innovation by 80.3% during the third quarter. William Blair Investment Management LLC now owns 1,981,761 shares of the semiconductor company's stock worth $256,083,000 after purchasing an additional 882,901 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Onto Innovation by 1,217.0% during the third quarter. Wellington Management Group LLP now owns 1,398,995 shares of the semiconductor company's stock worth $180,778,000 after purchasing an additional 1,292,772 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Onto Innovation by 65.2% during the third quarter. Franklin Resources Inc. now owns 1,114,501 shares of the semiconductor company's stock worth $144,016,000 after purchasing an additional 440,035 shares during the period. Finally, Paradigm Capital Management Inc. NY lifted its holdings in shares of Onto Innovation by 0.7% during the second quarter. Paradigm Capital Management Inc. NY now owns 1,112,839 shares of the semiconductor company's stock worth $112,319,000 after purchasing an additional 7,900 shares during the period. Institutional investors own 98.35% of the company's stock.

Analysts Set New Price Targets

ONTO has been the topic of a number of recent research reports. Stifel Nicolaus set a $350.00 price target on shares of Onto Innovation and gave the stock a "buy" rating in a report on Friday, April 17th. Evercore reiterated an "outperform" rating and set a $315.00 price target on shares of Onto Innovation in a report on Friday, April 17th. Cantor Fitzgerald lifted their price target on shares of Onto Innovation from $275.00 to $300.00 and gave the stock an "overweight" rating in a report on Monday, April 6th. Needham & Company LLC lifted their price target on shares of Onto Innovation from $275.00 to $320.00 and gave the stock a "buy" rating in a report on Monday, April 20th. Finally, Weiss Ratings upgraded shares of Onto Innovation from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Onto Innovation presently has a consensus rating of "Buy" and a consensus price target of $300.63.

Onto Innovation Stock Up 0.0%

ONTO stock opened at $292.94 on Monday. The firm has a market cap of $14.57 billion, a price-to-earnings ratio of 105.75, a PEG ratio of 1.45 and a beta of 1.70. Onto Innovation Inc. has a 12-month low of $85.88 and a 12-month high of $316.00. The company's fifty day simple moving average is $230.54 and its 200 day simple moving average is $189.51.

Onto Innovation (NYSE:ONTO - Get Free Report) last released its earnings results on Thursday, February 19th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.02). The firm had revenue of $266.87 million during the quarter, compared to analyst estimates of $265.78 million. Onto Innovation had a net margin of 13.60% and a return on equity of 12.20%. Onto Innovation's quarterly revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.51 EPS. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. Research analysts expect that Onto Innovation Inc. will post 6.72 earnings per share 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.

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