Retirement Systems of Alabama Purchases 16,559 Shares of Onto Innovation Inc. $ONTO

Key Points

• Retirement Systems of Alabama increased its stake in Onto Innovation by 27.9%, buying 16,559 shares to hold 75,808 shares worth about $11.97 million (roughly 0.15% of the company).
• Onto Innovation reported Q4 EPS of $1.26 (missing estimates by $0.02) with revenue of $266.87 million (slightly above expectations) and set Q1 2026 EPS guidance of $1.260–1.360.
• Analysts are upbeat—several firms raised targets (Needham and B. Riley to $275) and MarketBeat shows a Moderate Buy consensus with a $252.50 target, while the stock trades at a PE of 77.87 and a market cap of about $10.72 billion.

Retirement Systems of Alabama lifted its position in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 27.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,808 shares of the semiconductor company's stock after buying an additional 16,559 shares during the period. Retirement Systems of Alabama owned approximately 0.15% of Onto Innovation worth $11,967,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of ONTO. Barlow Wealth Partners LLC bought a new position in Onto Innovation in the fourth quarter valued at about $194,000. Exchange Traded Concepts LLC bought a new stake in shares of Onto Innovation during the 4th quarter valued at about $195,000. Pallas Capital Advisors LLC purchased a new stake in shares of Onto Innovation during the 4th quarter valued at about $263,000. Eagle Rock Investment Company LLC boosted its holdings in shares of Onto Innovation by 99.3% in the fourth quarter. Eagle Rock Investment Company LLC now owns 10,037 shares of the semiconductor company's stock worth $1,584,000 after buying an additional 5,000 shares during the last quarter. Finally, Dakota Wealth Management purchased a new position in shares of Onto Innovation in the fourth quarter worth approximately $604,000. Institutional investors own 98.35% of the company's stock.

Onto Innovation Price Performance

Shares of NYSE ONTO opened at $215.69 on Friday. The stock has a market cap of $10.72 billion, a PE ratio of 77.87, a price-to-earnings-growth ratio of 1.12 and a beta of 1.47. Onto Innovation Inc. has a 1 year low of $85.88 and a 1 year high of $232.49. The firm has a fifty day moving average price of $207.42 and a 200-day moving average price of $170.21.

Onto Innovation (NYSE:ONTO - Get Free Report) last released 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). The firm 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 firm's quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.51 EPS. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. On average, research analysts expect that Onto Innovation Inc. will post 6.26 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on the stock. Needham & Company LLC upped their target price on shares of Onto Innovation from $260.00 to $275.00 and gave the company a "buy" rating in a report on Friday, February 20th. Zacks Research upgraded Onto Innovation from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 31st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Onto Innovation in a report on Thursday, January 22nd. Stifel Nicolaus set a $220.00 price target on Onto Innovation in a report on Friday, February 20th. Finally, B. Riley Financial upped their price target on Onto Innovation from $240.00 to $275.00 and gave the stock a "buy" rating in a research report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.