Onto Innovation Inc. (NYSE:ONTO) Short Interest Up 16.1% in February

Onto Innovation Inc. (NYSE:ONTO) saw a large increase in short interest in February. As of February 27th, there was short interest totaling 1,165,350 shares, an increase of 16.1% from the February 12th total of 1,003,785 shares. Currently, 2.4% of the company’s stock are short sold. Based on an average trading volume of 1,255,895 shares, the days-to-cover ratio is presently 0.9 days. Based on an average trading volume of 1,255,895 shares, the days-to-cover ratio is presently 0.9 days. Currently, 2.4% of the company’s stock are short sold.

Analyst Ratings Changes

Several research firms recently commented on ONTO. Weiss Ratings reissued a “hold (c)” rating on shares of Onto Innovation in a research note on Thursday, January 22nd. B. Riley Financial raised their target price on shares of Onto Innovation from $240.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Stifel Nicolaus set a $220.00 price target on Onto Innovation in a research report on Friday, February 20th. Oppenheimer restated an “outperform” rating and issued a $265.00 price target on shares of Onto Innovation in a research note on Friday, February 20th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $300.00 price objective on shares of Onto Innovation in a research report on Friday, February 20th. One 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.com, the company has a consensus rating of “Moderate Buy” and an average price target of $252.50.

Hedge Funds Weigh In On Onto Innovation

A number of hedge funds have recently added to or reduced their stakes in ONTO. Transamerica Financial Advisors LLC boosted its stake in Onto Innovation by 188.5% during the 4th quarter. Transamerica Financial Advisors LLC now owns 176 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 115 shares during the last quarter. Root Financial Partners LLC raised its stake in shares of Onto Innovation by 71.2% in the fourth quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 74 shares during the last quarter. Westside Investment Management Inc. lifted its holdings in shares of Onto Innovation by 100.0% during the third quarter. Westside Investment Management Inc. now owns 198 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 99 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of Onto Innovation by 109.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 245 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 128 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Onto Innovation during the fourth quarter valued at $39,000. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

Onto Innovation Price Performance

Shares of Onto Innovation stock opened at $196.40 on Wednesday. Onto Innovation has a 1 year low of $85.88 and a 1 year high of $232.49. The firm’s 50-day moving average is $206.47 and its 200 day moving average is $161.76. The stock has a market cap of $9.76 billion, a price-to-earnings ratio of 70.90, a PEG ratio of 1.01 and a beta of 1.47.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings data 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 the consensus estimate of $265.78 million. Onto Innovation had a net margin of 13.60% and a return on equity of 12.20%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.51 earnings per share. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. On average, equities analysts expect that Onto Innovation will post 6.26 EPS for the current fiscal year.

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.