Sirios Capital Management L P Takes $21.09 Million Position in Onto Innovation Inc. $ONTO

Sirios Capital Management L P acquired a new position in shares of Onto Innovation Inc. (NYSE:ONTO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 163,227 shares of the semiconductor company’s stock, valued at approximately $21,092,000. Onto Innovation makes up about 2.7% of Sirios Capital Management L P’s investment portfolio, making the stock its 12th biggest position. Sirios Capital Management L P owned 0.33% of Onto Innovation at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ONTO. Wellington Management Group LLP raised its stake 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 valued at $180,778,000 after purchasing an additional 1,292,772 shares in the last quarter. William Blair Investment Management LLC lifted its position in Onto Innovation by 80.3% during the third quarter. William Blair Investment Management LLC now owns 1,981,761 shares of the semiconductor company’s stock valued at $256,083,000 after purchasing an additional 882,901 shares during the last quarter. Voya Investment Management LLC grew 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 worth $111,974,000 after buying an additional 849,702 shares in the last quarter. Qube Research & Technologies Ltd increased its holdings in shares of 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 worth $90,956,000 after buying an additional 845,213 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Onto Innovation in the 2nd quarter worth $71,961,000. 98.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ONTO has been the topic of several research reports. Oppenheimer restated an “outperform” rating and set a $265.00 price objective on shares of Onto Innovation in a research report on Friday, February 20th. B. Riley Financial upped their target price on shares of Onto Innovation from $240.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Cantor Fitzgerald raised Onto Innovation from a “neutral” rating to an “overweight” rating and increased their target price for the company from $170.00 to $275.00 in a research note on Monday, February 16th. Weiss Ratings restated a “hold (c)” rating on shares of Onto Innovation in a research report on Thursday, January 22nd. Finally, Needham & Company LLC upped their price objective on Onto Innovation from $260.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $252.50.

Trending Headlines about Onto Innovation

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

• Positive Sentiment: Zacks lifted several FY2026 quarterly and full‑year EPS estimates (Q1 2026 to Q4 2026 and FY2026 raised to $5.69 from $5.51), signaling stronger near‑term profitability than previously modeled. This boosts FY2026 consensus versus prior Zacks views and supports the stock’s rally. Zacks raises FY2026 estimates
• Positive Sentiment: Zacks increased FY2027 and 2027 quarterly forecasts (FY2027 to $6.95, Q1 and Q3 2027 nudged higher), implying sustained growth beyond FY2026 and improving medium‑term earnings power — a constructive sign for investors focused on multi‑year upside. Zacks lifts FY2027 outlook
• Positive Sentiment: Zacks published a FY2028 estimate of $9.05 EPS, extending a bullish forward view that supports longer‑term growth expectations and justifies premium valuation metrics (ONTO currently trades with a relatively high P/E and PEG near 1.0). The longer‑horizon upgrade can attract growth‑oriented funds. Zacks issues FY2028 estimate

Onto Innovation Stock Performance

Shares of ONTO opened at $189.67 on Friday. Onto Innovation Inc. has a fifty-two week low of $85.88 and a fifty-two week high of $232.49. The firm has a market cap of $9.43 billion, a price-to-earnings ratio of 68.47, a PEG ratio of 0.96 and a beta of 1.47. The firm has a 50 day moving average price of $205.96 and a 200-day moving average price of $159.80.

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