Harber Asset Management LLC acquired a new stake in shares of Onto Innovation Inc. (NYSE:ONTO – Free Report) during the second quarter, HoldingsChannel reports. The fund acquired 13,757 shares of the semiconductor company’s stock, valued at approximately $5,206,000. Onto Innovation accounts for 3.1% of Harber Asset Management LLC’s holdings, making the stock its 9th biggest holding.
Several other institutional investors have also added to or reduced their stakes in ONTO. Root Financial Partners LLC lifted its position in shares of Onto Innovation by 71.2% in the 4th 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 period. Transamerica Financial Advisors LLC increased its position in shares of Onto Innovation by 188.5% during the fourth quarter. Transamerica Financial Advisors LLC now owns 176 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 115 shares during the period. Millstone Evans Group LLC increased its position in shares of Onto Innovation by 147.8% during the first quarter. Millstone Evans Group LLC now owns 166 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 99 shares during the period. CoreCap Advisors LLC bought a new position in Onto Innovation in the second quarter worth about $38,000. Finally, CIBC Private Wealth Group LLC raised its stake in Onto Innovation by 109.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 245 shares of the semiconductor company’s stock worth $39,000 after buying an additional 128 shares in the last quarter. 98.35% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
ONTO has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Onto Innovation from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Morgan Stanley reiterated an “overweight” rating and set a $383.00 target price on shares of Onto Innovation in a report on Friday, August 7th. Freedom Capital raised Onto Innovation to a “strong-buy” rating in a research report on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft initiated coverage on Onto Innovation in a research note on Friday, June 5th. They issued a “buy” rating and a $350.00 target price for the company. Finally, B. Riley Financial restated a “buy” rating on shares of Onto Innovation in a research report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned 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 $380.30.
Onto Innovation Trading Down 1.7%
Shares of NYSE ONTO opened at $293.68 on Friday. Onto Innovation Inc. has a 1 year low of $101.00 and a 1 year high of $386.46. The stock has a market cap of $14.41 billion, a P/E ratio of 110.41, a price-to-earnings-growth ratio of 1.00 and a beta of 1.59. The firm has a 50-day moving average of $304.92 and a 200 day moving average of $263.43. The company has a debt-to-equity ratio of 0.77, a current ratio of 9.73 and a quick ratio of 8.33.
Onto Innovation (NYSE:ONTO – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.24. Onto Innovation had a net margin of 11.84% and a return on equity of 13.44%. The business had revenue of $343.13 million for the quarter, compared to analysts’ expectations of $325.29 million. During the same quarter in the prior year, the company earned $1.25 earnings per share. The business’s revenue was up 35.3% compared to the same quarter last year. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. As a group, sell-side analysts expect 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.
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