Paradigm Capital Management Inc. NY Invests $416.84 Million in Onto Innovation Inc. $ONTO

Paradigm Capital Management Inc. NY purchased a new position in Onto Innovation Inc. (NYSE:ONTO) in the second quarter, Holdings Channel.com reports. The firm purchased 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 investment portfolio, making the stock its biggest holding.

A number of other hedge funds have also recently made changes to their positions in ONTO. Andar Capital Management HK Ltd bought a new position in Onto Innovation in the 2nd quarter worth approximately $69,000,000. BlackRock Inc. bought a new stake in Onto Innovation in the 2nd quarter valued at $2,083,436,000. Wellington Management Group LLP boosted its holdings in shares of Onto Innovation by 1,217.0% during the 3rd 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 during the last quarter. Franklin Resources Inc. grew its position in shares of Onto Innovation by 21.4% during the fourth quarter. Franklin Resources Inc. now owns 1,353,001 shares of the semiconductor company’s stock valued at $213,585,000 after purchasing an additional 238,500 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Onto Innovation by 45.4% during the fourth quarter. Geode Capital Management LLC now owns 1,127,532 shares of the semiconductor company’s stock valued at $178,024,000 after purchasing an additional 352,316 shares in the last quarter. Institutional investors own 98.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ONTO. Weiss Ratings raised Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday. Needham & Company LLC lifted their price objective on Onto Innovation from $330.00 to $360.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft initiated coverage on Onto Innovation in a report on Friday, June 5th. They set a “buy” rating and a $350.00 price objective on the stock. Zacks Research upgraded Onto Innovation from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Finally, Jefferies Financial Group raised their target price on shares of Onto Innovation from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $380.30.

Onto Innovation Stock Down 3.4%

Shares of NYSE ONTO opened at $283.21 on Tuesday. The company has a current ratio of 9.73, a quick ratio of 8.33 and a debt-to-equity ratio of 0.77. Onto Innovation Inc. has a 12-month low of $101.00 and a 12-month high of $386.46. The firm’s 50-day moving average price is $303.86 and its 200-day moving average price is $264.45. The stock has a market capitalization of $13.90 billion, a price-to-earnings ratio of 106.47, a P/E/G ratio of 0.98 and a beta of 1.59.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings results 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 company had revenue of $343.13 million during the quarter, compared to analyst estimates of $325.29 million. During the same quarter last year, the business posted $1.25 earnings per share. The firm’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. On average, equities research analysts anticipate that Onto Innovation Inc. will post 7.88 EPS for the current fiscal 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.