Onto Innovation Inc. $ONTO Stock Position Lessened by Andar Capital Management HK Ltd

Key Points

• Andar Capital Management HK Ltd cut its Onto Innovation stake by 21.2% in the fourth quarter, selling 23,360 shares and leaving it with 86,640 shares valued at about $13.7 million.
• Wall Street sentiment appears constructive: Zacks raised several earnings forecasts, and Needham increased its price target on ONTO to $330 while keeping a Buy rating.
• Onto Innovation recently beat quarterly EPS expectations and posted 9.5% year-over-year revenue growth, while analysts still see more than 30% revenue growth in 2026 tied to AI demand and new product systems.

Andar Capital Management HK Ltd lessened its position in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 21.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 86,640 shares of the semiconductor company's stock after selling 23,360 shares during the quarter. Onto Innovation makes up 14.7% of Andar Capital Management HK Ltd's investment portfolio, making the stock its 3rd largest holding. Andar Capital Management HK Ltd owned approximately 0.18% of Onto Innovation worth $13,677,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of ONTO. Westside Investment Management Inc. grew its stake in shares of Onto Innovation by 100.0% in the third quarter. Westside Investment Management Inc. now owns 198 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 99 shares in the last quarter. Danske Bank A S purchased a new stake in shares of Onto Innovation in the 3rd quarter valued at approximately $39,000. Covestor Ltd increased its position in shares of Onto Innovation by 224.5% in the 4th quarter. Covestor Ltd now owns 305 shares of the semiconductor company's stock valued at $48,000 after purchasing an additional 211 shares during the last quarter. Torren Management LLC purchased a new stake in shares of Onto Innovation in the 4th quarter valued at approximately $49,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Onto Innovation by 206.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 577 shares of the semiconductor company's stock valued at $58,000 after purchasing an additional 389 shares during the last quarter. Institutional investors and hedge funds own 98.35% of the company's stock.

Key Headlines Impacting Onto Innovation

Here are the key news stories impacting Onto Innovation this week:

• Positive Sentiment: Zacks Research raised multiple forward earnings estimates for Onto Innovation, including FY2026, FY2027, and several quarterly forecasts, suggesting improving profit expectations for the semiconductor equipment maker. MarketBeat Onto Innovation coverage
• Positive Sentiment: Needham reportedly lifted its price target on ONTO to $330 from $320 while maintaining a Buy rating, reinforcing a constructive Wall Street view. Needham price target increase article
• Positive Sentiment: Zacks also highlighted Onto Innovation’s outlook for more than 30% revenue growth in 2026, driven by AI-related demand and new Dragonfly/Atlas systems, which points to a potentially strong growth runway. Zacks revenue growth article
• Neutral Sentiment: Several roundup-style articles named ONTO among “strong buy” or top nanotechnology/tech stocks, which adds visibility but does not provide a new company-specific catalyst. Strong buy tech stocks article
• Neutral Sentiment: One market commentary argued ONTO may look overvalued after its recent run, reflecting a common investor concern that could cap upside if growth expectations are not met. GuruFocus overvalued article

Onto Innovation Stock Performance

Shares of Onto Innovation stock opened at $258.79 on Friday. The company has a market cap of $12.87 billion, a P/E ratio of 120.93, a PEG ratio of 1.26 and a beta of 1.70. Onto Innovation Inc. has a one year low of $89.40 and a one year high of $316.00. The firm has a fifty day moving average of $255.29 and a two-hundred day moving average of $207.07.

Onto Innovation (NYSE:ONTO - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $1.42 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.04. The company had revenue of $291.95 million during the quarter, compared to the consensus estimate of $292.00 million. Onto Innovation had a net margin of 10.32% and a return on equity of 11.68%. Onto Innovation's quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.51 EPS. As a group, equities analysts predict that Onto Innovation Inc. will post 7.05 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on ONTO. Oppenheimer set a $370.00 target price on shares of Onto Innovation in a report on Wednesday, May 6th. B. Riley Financial upped their target price on shares of Onto Innovation from $275.00 to $310.00 and gave the company a "buy" rating in a report on Monday, April 13th. Jefferies Financial Group restated a "buy" rating and issued a $350.00 target price on shares of Onto Innovation in a report on Wednesday, May 6th. Weiss Ratings upgraded shares of Onto Innovation from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, April 27th. Finally, Evercore restated an "outperform" rating and issued a $315.00 target price on shares of Onto Innovation in a report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $310.63.

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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