Onto Innovation Inc. $ONTO Shares Bought by Victory Capital Management Inc.

Key Points

• Victory Capital Management boosted its stake in Onto Innovation by 427.8% in Q3, buying an additional 92,348 shares to hold 113,935 shares (about $14.72 million), representing roughly 0.23% of the company.
• Multiple large institutions also accumulated shares — notably William Blair, Voya, Qube Research and Norges Bank — leaving hedge funds and institutional investors with 98.35% ownership, signaling heavy institutional concentration and recent buying activity.
• Onto Innovation has a market cap of about $9.62 billion, a P/E of ~69.9, reported Q4 EPS of $1.26 (missed by $0.02) with slight revenue growth, set Q1 2026 guidance of $1.26–$1.36, and holds a consensus analyst rating of Moderate Buy with a $252.50 price target.

Victory Capital Management Inc. boosted its position in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 427.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 113,935 shares of the semiconductor company's stock after buying an additional 92,348 shares during the period. Victory Capital Management Inc. owned 0.23% of Onto Innovation worth $14,723,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. William Blair Investment Management LLC boosted its stake in shares of Onto Innovation by 80.3% in 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 acquiring an additional 882,901 shares during the last quarter. Voya Investment Management LLC raised its stake in Onto Innovation by 4,494.6% in the 3rd quarter. Voya Investment Management LLC now owns 868,607 shares of the semiconductor company's stock valued at $111,974,000 after purchasing an additional 849,702 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings in Onto Innovation by 1,510.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 901,180 shares of the semiconductor company's stock valued at $90,956,000 after purchasing an additional 845,213 shares in the last quarter. Norges Bank purchased a new stake in shares of Onto Innovation during the second quarter worth $71,961,000. Finally, BNP Paribas Financial Markets boosted its position in Onto Innovation by 342.6% during the second quarter. BNP Paribas Financial Markets now owns 566,116 shares of the semiconductor company's stock worth $57,138,000 after acquiring an additional 438,217 shares during the last quarter. Hedge funds and other institutional investors own 98.35% of the company's stock.

Onto Innovation Stock Performance

Shares of ONTO stock opened at $193.55 on Wednesday. The firm has a market cap of $9.62 billion, a P/E ratio of 69.87, a P/E/G ratio of 1.00 and a beta of 1.47. The firm's 50 day moving average price is $204.26 and its 200-day moving average price is $158.82. Onto Innovation Inc. has a one year low of $85.88 and a one year high of $232.49.

Onto Innovation (NYSE:ONTO - Get Free Report) last posted its earnings results on Thursday, February 19th. The semiconductor company reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.02). Onto Innovation had a net margin of 13.60% and a return on equity of 12.20%. The company had revenue of $266.87 million during the quarter, compared to analyst estimates of $265.78 million. During the same quarter last year, the business posted $1.51 EPS. The firm's revenue for the quarter was up 1.1% on a year-over-year basis. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. As a group, research analysts predict that Onto Innovation Inc. will post 6.26 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Onto Innovation in a report on Thursday, January 22nd. Evercore reaffirmed an "outperform" rating and issued a $250.00 target price on shares of Onto Innovation in a research note on Thursday, February 19th. B. Riley Financial boosted their price target on shares of Onto Innovation from $240.00 to $275.00 and gave the company a "buy" rating in a research report on Friday, February 20th. Oppenheimer reissued an "outperform" rating and issued a $265.00 price objective on shares of Onto Innovation in a report on Friday, February 20th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a $300.00 target price on shares of Onto Innovation in a research note on Friday, February 20th. One investment 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's stock. According to data from MarketBeat, Onto Innovation presently has a consensus rating of "Moderate Buy" and a consensus price target of $252.50.

Onto Innovation Company 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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