Nordea Investment Management AB Reduces Stock Position in Onto Innovation Inc. $ONTO

Key Points

• Nordea Investment Management AB reduced its stake in Onto Innovation by 12.0% in Q4, selling 11,211 shares and retaining 82,599 shares worth about $13.14 million (roughly 0.17% of the company).
• Analysts collectively rate the stock a Moderate Buy with a consensus price target of $252.50; coverage includes one Strong Buy, seven Buy and two Hold ratings.
• Onto Innovation reported quarterly EPS of $1.26 (missed estimates by $0.02) and revenue of $266.9M (slightly above expectations), and set Q1 2026 guidance of EPS 1.260–1.360.

Nordea Investment Management AB cut its stake in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 12.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 82,599 shares of the semiconductor company's stock after selling 11,211 shares during the period. Nordea Investment Management AB owned about 0.17% of Onto Innovation worth $13,143,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ONTO. Vanguard Personalized Indexing Management LLC raised its position in Onto Innovation by 1.5% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 4,974 shares of the semiconductor company's stock worth $643,000 after acquiring an additional 75 shares during the period. Amalgamated Bank grew its position in shares of Onto Innovation by 0.3% during the 3rd quarter. Amalgamated Bank now owns 22,663 shares of the semiconductor company's stock valued at $2,929,000 after acquiring an additional 79 shares during the period. Campbell Newman Asset Management Inc. increased its stake in shares of Onto Innovation by 0.4% in the 3rd quarter. Campbell Newman Asset Management Inc. now owns 18,880 shares of the semiconductor company's stock worth $2,440,000 after purchasing an additional 80 shares in the last quarter. Palisades Investment Partners LLC raised its holdings in Onto Innovation by 0.4% in the 3rd quarter. Palisades Investment Partners LLC now owns 20,206 shares of the semiconductor company's stock worth $2,611,000 after purchasing an additional 84 shares during the period. Finally, Brighton Jones LLC lifted its position in Onto Innovation by 1.4% during the third quarter. Brighton Jones LLC now owns 6,349 shares of the semiconductor company's stock valued at $820,000 after purchasing an additional 87 shares in the last quarter. 98.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Jefferies Financial Group reiterated a "buy" rating and set a $300.00 price objective on shares of Onto Innovation in a research note on Friday, February 20th. Evercore reaffirmed an "outperform" rating and set a $250.00 price target on shares of Onto Innovation in a report on Thursday, February 19th. Stifel Nicolaus set a $220.00 price target on shares of Onto Innovation in a research report on Friday, February 20th. Weiss Ratings reissued a "hold (c)" rating on shares of Onto Innovation in a research note on Thursday, January 22nd. Finally, Zacks Research upgraded shares of Onto Innovation from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 31st. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Onto Innovation currently has an average rating of "Moderate Buy" and a consensus price target of $252.50.

Onto Innovation Trading Up 4.4%

NYSE ONTO opened at $219.05 on Wednesday. The stock's 50 day moving average is $208.42 and its 200 day moving average is $165.43. Onto Innovation Inc. has a 12 month low of $85.88 and a 12 month high of $232.49. The stock has a market cap of $10.89 billion, a PE ratio of 79.08, a P/E/G ratio of 1.09 and a beta of 1.47.

Onto Innovation (NYSE:ONTO - Get Free Report) last announced its quarterly earnings data on Thursday, February 19th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.28 by ($0.02). The company had revenue of $266.87 million for the quarter, compared to analysts' expectations of $265.78 million. Onto Innovation had a net margin of 13.60% and a return on equity of 12.20%. The company's quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the business earned $1.51 earnings per share. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. On average, analysts forecast that Onto Innovation Inc. will post 6.26 EPS for the current fiscal year.

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.

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