Paradigm Capital Management Inc. NY Acquires New Shares in Onto Innovation Inc. $ONTO

Key Points

• Paradigm Capital Management acquired 1.10 million Onto Innovation shares worth approximately $416.8 million, making ONTO its largest holding and representing about 2.24% of the company.
• Institutional investors own approximately 98.35% of Onto Innovation, with BlackRock, Wellington Management, Franklin Resources and Geode Capital among other major holders increasing or initiating positions.
• Analysts maintain a bullish outlook, with the stock carrying a consensus “Buy” rating and a $380.30 price target. Onto Innovation also exceeded quarterly earnings and revenue estimates, reporting $1.93 EPS and $343.13 million in revenue, though shares opened down 3.4% at $283.21.

Paradigm Capital Management Inc. NY acquired a new position in Onto Innovation Inc. (NYSE:ONTO - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,101,438 shares of the semiconductor company's stock, valued at approximately $416,839,000. Onto Innovation makes up approximately 11.3% of Paradigm Capital Management Inc. NY's holdings, making the stock its biggest position. Paradigm Capital Management Inc. NY owned about 2.24% of Onto Innovation at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Andar Capital Management HK Ltd purchased a new position in shares of Onto Innovation during the second quarter valued at approximately $69,000,000. BlackRock Inc. purchased a new stake in Onto Innovation in the second quarter worth approximately $2,083,436,000. Wellington Management Group LLP boosted its holdings in Onto Innovation by 1,217.0% in 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 last quarter. Franklin Resources Inc. grew its position in Onto Innovation by 21.4% in the 4th quarter. Franklin Resources Inc. now owns 1,353,001 shares of the semiconductor company's stock worth $213,585,000 after purchasing an additional 238,500 shares during the period. Finally, Geode Capital Management LLC grew its position in Onto Innovation by 45.4% in the 4th quarter. Geode Capital Management LLC now owns 1,127,532 shares of the semiconductor company's stock worth $178,024,000 after purchasing an additional 352,316 shares during the period. Hedge funds and other institutional investors own 98.35% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ONTO shares. Evercore reissued an "outperform" rating and set a $390.00 price target on shares of Onto Innovation in a report on Friday, August 7th. Freedom Capital raised Onto Innovation to a "strong-buy" rating in a report on Wednesday, June 17th. Wall Street Zen upgraded Onto Innovation from a "hold" rating to a "buy" rating in a research report on Sunday, August 9th. Zacks Research upgraded Onto Innovation from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 14th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $383.00 target price on shares of Onto Innovation in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $380.30.

Onto Innovation Trading Down 3.4%

Shares of Onto Innovation stock opened at $283.21 on Tuesday. The company's fifty day simple moving average is $303.86 and its 200-day simple moving average is $264.45. The stock has a market capitalization of $13.90 billion, a PE ratio of 106.47, a P/E/G ratio of 0.98 and a beta of 1.59. Onto Innovation Inc. has a 1-year low of $101.00 and a 1-year high of $386.46. The company has a debt-to-equity ratio of 0.77, a current ratio of 9.73 and a quick ratio of 8.33.

Onto Innovation (NYSE:ONTO - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.69 by $0.24. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%.The firm had revenue of $343.13 million during the quarter, compared to analyst estimates of $325.29 million. During the same period in the prior year, the business posted $1.25 EPS. Onto Innovation'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. As a group, equities analysts anticipate that Onto Innovation Inc. will post 7.88 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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