Nicholas Investment Partners LP Acquires New Holdings in Onto Innovation Inc. $ONTO

Posted by Francis Steltz on Jun 14th, 2026

Nicholas Investment Partners LP acquired a new stake in Onto Innovation Inc. (NYSE:ONTO – Free Report) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 24,095 shares of the semiconductor company’s stock, valued at approximately $3,804,000.

Several other hedge funds have also recently bought and sold shares of ONTO. NewEdge Advisors LLC lifted its position in Onto Innovation by 312.5% in the 1st quarter. NewEdge Advisors LLC now owns 4,121 shares of the semiconductor company’s stock valued at $500,000 after purchasing an additional 3,122 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Onto Innovation by 76.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 482,256 shares of the semiconductor company’s stock valued at $58,517,000 after purchasing an additional 208,907 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Onto Innovation by 8.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 163,259 shares of the semiconductor company’s stock valued at $19,810,000 after purchasing an additional 13,175 shares during the last quarter. Cetera Investment Advisers lifted its position in Onto Innovation by 6.3% in the 2nd quarter. Cetera Investment Advisers now owns 4,017 shares of the semiconductor company’s stock valued at $405,000 after purchasing an additional 238 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Onto Innovation by 182.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 6,631 shares of the semiconductor company’s stock valued at $666,000 after purchasing an additional 4,283 shares during the last quarter. 98.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ONTO has been the topic of several recent research reports. Jefferies Financial Group reiterated a “buy” rating and issued a $350.00 price objective on shares of Onto Innovation in a research report on Wednesday, May 6th. Weiss Ratings upgraded shares of Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, April 27th. Stifel Nicolaus set a $350.00 price objective on shares of Onto Innovation and gave the company a “buy” rating in a research report on Friday, April 17th. Evercore reiterated an “outperform” rating and issued a $315.00 price objective on shares of Onto Innovation in a research report on Friday, April 17th. Finally, Needham & Company LLC lifted their price objective on shares of Onto Innovation from $320.00 to $330.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $315.00.

Read Our Latest Research Report on ONTO

Onto Innovation Trading Up 6.6%

ONTO stock opened at $323.62 on Friday. Onto Innovation Inc. has a 52 week low of $89.40 and a 52 week high of $326.96. The company has a market capitalization of $16.10 billion, a price-to-earnings ratio of 151.23, a price-to-earnings-growth ratio of 1.33 and a beta of 1.62. The firm’s 50-day moving average is $270.56 and its two-hundred day moving average is $217.77.

Onto Innovation (NYSE:ONTO – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.04. Onto Innovation had a net margin of 10.32% and a return on equity of 11.68%. The company had revenue of $291.95 million for the quarter, compared to the consensus estimate of $292.00 million. During the same period in the previous year, the firm earned $1.51 EPS. Onto Innovation’s revenue was up 9.5% on a year-over-year basis. On average, equities research analysts predict that Onto Innovation Inc. will post 7.11 earnings per share for the current year.

Onto Innovation Profile

(Free Report)

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.