Onto Innovation Inc. (NYSE:ONTO) Short Interest Up 43.0% in March
by Jessica Moore · The Cerbat GemOnto Innovation Inc. (NYSE:ONTO – Get Free Report) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totaling 1,342,354 shares, a growth of 43.0% from the March 15th total of 938,748 shares. Based on an average trading volume of 772,152 shares, the short-interest ratio is currently 1.7 days. Currently, 2.7% of the company’s shares are sold short.
Hedge Funds Weigh In On Onto Innovation
Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Onto Innovation by 5.5% during the 3rd quarter. Vanguard Group Inc. now owns 5,667,404 shares of the semiconductor company’s stock worth $732,342,000 after purchasing an additional 294,393 shares during the last quarter. William Blair Investment Management LLC raised its holdings in shares of Onto Innovation by 80.3% in the third quarter. William Blair Investment Management LLC now owns 1,981,761 shares of the semiconductor company’s stock worth $256,083,000 after buying an additional 882,901 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of 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 worth $180,778,000 after buying an additional 1,292,772 shares during the last quarter. Franklin Resources Inc. lifted its stake 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 worth $213,585,000 after buying an additional 238,500 shares during the period. Finally, Geode Capital Management LLC lifted its stake 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 worth $178,024,000 after buying an additional 352,316 shares during the period. Institutional investors and hedge funds own 98.35% of the company’s stock.
Onto Innovation Stock Up 2.8%
Shares of NYSE ONTO traded up $7.36 during midday trading on Thursday, reaching $266.26. 1,206,016 shares of the company’s stock traded hands, compared to its average volume of 694,764. The company has a market cap of $13.24 billion, a price-to-earnings ratio of 96.12, a P/E/G ratio of 1.35 and a beta of 1.47. The stock’s 50 day simple moving average is $215.45 and its 200-day simple moving average is $177.76. Onto Innovation has a one year low of $85.88 and a one year high of $288.00.
Onto Innovation (NYSE:ONTO – Get Free Report) last issued 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). Onto Innovation had a return on equity of 12.20% and a net margin of 13.60%.The company had revenue of $266.87 million for the quarter, compared to analysts’ expectations of $265.78 million. During the same quarter last year, the company earned $1.51 earnings per share. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. Onto Innovation has set its Q1 2026 guidance at 1.260-1.360 EPS. Equities analysts predict that Onto Innovation will post 6.26 EPS for the current fiscal year.
Analysts Set New Price Targets
Several brokerages recently issued reports on ONTO. B. Riley Financial increased their price objective on Onto Innovation from $275.00 to $310.00 and gave the stock a “buy” rating in a research note on Monday. Evercore reaffirmed an “outperform” rating and set a $250.00 target price on shares of Onto Innovation in a research report on Thursday, February 19th. Zacks Research upgraded Onto Innovation from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 31st. Oppenheimer reissued an “outperform” rating and set a $265.00 price target on shares of Onto Innovation in a research report on Friday, February 20th. Finally, Stifel Nicolaus set a $220.00 price target on Onto Innovation in a research note on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Onto Innovation presently has an average rating of “Moderate Buy” and an average target price of $260.00.
Check Out Our Latest Research Report on ONTO
Onto Innovation Company 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.