Onto Innovation (NYSE:ONTO) Director Susan Lynch Sells 1,000 Shares

Onto Innovation Inc. (NYSE:ONTOGet Free Report) Director Susan Lynch sold 1,000 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $302.30, for a total transaction of $302,300.00. Following the completion of the transaction, the director directly owned 2,684 shares in the company, valued at $811,373.20. The trade was a 27.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Onto Innovation Stock Performance

Shares of ONTO stock traded up $9.47 during midday trading on Tuesday, hitting $292.38. 884,226 shares of the company were exchanged, compared to its average volume of 1,085,558. The firm has a market capitalization of $14.35 billion, a P/E ratio of 109.92, a PEG ratio of 0.98 and a beta of 1.59. The company has a debt-to-equity ratio of 0.77, a quick ratio of 8.33 and a current ratio of 9.73. The firm’s 50 day moving average price is $303.86 and its two-hundred day moving average price is $264.45. Onto Innovation Inc. has a 52 week low of $101.00 and a 52 week high of $386.46.

Onto Innovation (NYSE:ONTOGet Free Report) last announced its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.24. The business had revenue of $343.13 million for the quarter, compared to analyst estimates of $325.29 million. Onto Innovation had a net margin of 11.84% and a return on equity of 13.44%. Onto Innovation’s quarterly revenue was up 35.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.25 EPS. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. As a group, equities research analysts anticipate that Onto Innovation Inc. will post 7.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Oppenheimer lifted their price target on Onto Innovation from $370.00 to $450.00 and gave the stock an “outperform” rating in a report on Monday, June 22nd. Zacks Research raised Onto Innovation from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft began coverage on Onto Innovation in a research report on Friday, June 5th. They set a “buy” rating and a $350.00 price objective on the stock. Wall Street Zen raised shares of Onto Innovation from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Finally, Needham & Company LLC upped their price target on shares of Onto Innovation from $330.00 to $360.00 and gave the company a “buy” rating in a research note 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 issued a Hold rating to the company. According to data from MarketBeat, Onto Innovation presently has a consensus rating of “Buy” and a consensus price target of $380.30.

Get Our Latest Stock Analysis on Onto Innovation

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its stake in shares of 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 shares of Onto Innovation by 76.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 482,256 shares of the semiconductor company’s stock worth $58,517,000 after buying an additional 208,907 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Onto Innovation by 8.8% in the first 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 buying an additional 13,175 shares in the last quarter. Cetera Investment Advisers grew its position in Onto Innovation by 6.3% in the second quarter. Cetera Investment Advisers now owns 4,017 shares of the semiconductor company’s stock valued at $405,000 after acquiring an additional 238 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in Onto Innovation by 182.4% in the second quarter. Russell Investments Group Ltd. now owns 6,631 shares of the semiconductor company’s stock valued at $666,000 after acquiring an additional 4,283 shares during the last quarter. 98.35% of the stock is currently owned by institutional investors and hedge funds.

About Onto Innovation

(Get 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.

Further Reading

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