Pinpoint Asset Management Singapore Pte. Ltd. Sells 6,864 Shares of Onto Innovation Inc. $ONTO

Key Points

• Pinpoint Asset Management Singapore reduced its stake in Onto Innovation by 23.8% in Q3, selling 6,864 shares and now holds 21,979 shares worth $2.84 million, about 0.5% of its portfolio (its 27th largest position).
• Onto Innovation has a market cap of $8.93 billion and a 52-week range of $85.88–$232.49; the company reported EPS of $1.26 (a miss of $0.02) with revenue up 1.1% YoY, and analysts have a consensus Moderate Buy rating with an average target of $252.50 and Q1 2026 EPS guidance of 1.260–1.360.

Pinpoint Asset Management Singapore Pte. Ltd. reduced its stake in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 23.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,979 shares of the semiconductor company's stock after selling 6,864 shares during the quarter. Onto Innovation comprises about 0.5% of Pinpoint Asset Management Singapore Pte. Ltd.'s investment portfolio, making the stock its 27th biggest position. Pinpoint Asset Management Singapore Pte. Ltd.'s holdings in Onto Innovation were worth $2,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Westside Investment Management Inc. boosted its holdings in shares of Onto Innovation by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 198 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 99 shares during the period. Blue Trust Inc. lifted its position in Onto Innovation by 2,061.5% in the third quarter. Blue Trust Inc. now owns 281 shares of the semiconductor company's stock worth $36,000 after buying an additional 268 shares during the last quarter. Harbor Investment Advisory LLC purchased a new position in Onto Innovation during the third quarter worth $37,000. Farther Finance Advisors LLC increased its position in Onto Innovation by 76.8% during the third quarter. Farther Finance Advisors LLC now owns 320 shares of the semiconductor company's stock valued at $41,000 after acquiring an additional 139 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Onto Innovation in the third quarter valued at $47,000. 98.35% of the stock is owned by institutional investors.

Onto Innovation Stock Performance

Shares of NYSE ONTO opened at $179.70 on Monday. Onto Innovation Inc. has a 52-week low of $85.88 and a 52-week high of $232.49. The firm has a market capitalization of $8.93 billion, a price-to-earnings ratio of 64.87, a PEG ratio of 0.94 and a beta of 1.47. The stock has a 50 day moving average price of $202.94 and a 200 day moving average price of $157.62.

Onto Innovation (NYSE:ONTO - Get Free Report) last issued its earnings results on Thursday, February 19th. The semiconductor company reported $1.26 earnings per share for the quarter, missing analysts' consensus estimates of $1.28 by ($0.02). Onto Innovation had a net margin of 13.60% and a return on equity of 12.20%. The firm had revenue of $266.87 million for the quarter, compared to the consensus estimate of $265.78 million. During the same period last year, the firm earned $1.51 earnings per share. The company'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. Analysts forecast that Onto Innovation Inc. will post 6.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of Onto Innovation in a report on Thursday, January 22nd. B. Riley Financial boosted their target price on Onto Innovation from $240.00 to $275.00 and gave the company a "buy" rating in a research report on Friday, February 20th. Zacks Research upgraded Onto Innovation from a "hold" rating to a "strong-buy" rating in a report on Wednesday, December 31st. Needham & Company LLC raised their price target on Onto Innovation from $260.00 to $275.00 and gave the stock a "buy" rating in a research note on Friday, February 20th. Finally, Stifel Nicolaus set a $220.00 price objective on Onto Innovation in a research report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $252.50.

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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