Wealth Enhancement Advisory Services LLC Acquires 9,304 Shares of Onto Innovation Inc. $ONTO

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Onto Innovation Inc. (NYSE:ONTO) by 393.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,668 shares of the semiconductor company’s stock after acquiring an additional 9,304 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Onto Innovation were worth $1,842,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Westside Investment Management Inc. increased its stake 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. Blue Trust Inc. boosted its position in shares of Onto Innovation by 2,061.5% in the 3rd quarter. Blue Trust Inc. now owns 281 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 268 shares in the last quarter. Harbor Investment Advisory LLC bought a new stake in shares of Onto Innovation in the 3rd quarter worth approximately $37,000. Danske Bank A S purchased a new stake in shares of Onto Innovation in the 3rd quarter worth approximately $39,000. Finally, Farther Finance Advisors LLC grew its stake in shares of Onto Innovation by 76.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 320 shares of the semiconductor company’s stock worth $41,000 after buying an additional 139 shares during the last quarter. Institutional investors own 98.35% of the company’s stock.

Onto Innovation Stock Up 0.1%

Shares of NYSE ONTO opened at $215.69 on Friday. The firm has a market cap of $10.72 billion, a P/E ratio of 77.87, a PEG ratio of 1.12 and a beta of 1.47. Onto Innovation Inc. has a twelve month low of $85.88 and a twelve month high of $232.49. The company has a 50 day moving average of $207.42 and a 200 day moving average of $170.21.

Onto Innovation (NYSE:ONTO) last issued 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). Onto Innovation had a net margin of 13.60% and a return on equity of 12.20%. The business had revenue of $266.87 million for the quarter, compared to analysts’ expectations of $265.78 million. During the same quarter in the prior year, the business posted $1.51 earnings per share. The business’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. As a group, equities analysts expect that Onto Innovation Inc. will post 6.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Needham & Company LLC lifted their price objective on Onto Innovation from $260.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Onto Innovation in a research note on Thursday, January 22nd. Evercore restated an “outperform” rating and set a $250.00 price target on shares of Onto Innovation in a report on Thursday, February 19th. B. Riley Financial lifted 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. Finally, Zacks Research upgraded shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 31st. One research 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.com, Onto Innovation currently has a consensus rating of “Moderate Buy” and a consensus price target of $252.50.

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.