EFG International AG bought a new position in Onto Innovation Inc. (NYSE:ONTO – Free Report) in the 2nd quarter, Holdings Channel.com reports. The fund bought 31,200 shares of the semiconductor company’s stock, valued at approximately $11,817,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Cetera Investment Advisers grew its holdings in Onto Innovation by 15.6% during the 1st quarter. Cetera Investment Advisers now owns 13,266 shares of the semiconductor company’s stock valued at $2,720,000 after buying an additional 1,793 shares in the last quarter. Entropy Technologies LP purchased a new position in shares of Onto Innovation in the first quarter valued at $2,877,000. BlackRock Inc. bought a new stake in Onto Innovation in the second quarter worth $2,083,436,000. Andar Capital Management HK Ltd purchased a new stake in Onto Innovation during the second quarter valued at $69,000,000. Finally, Fideuram Asset Management Ireland dac purchased a new stake in Onto Innovation during the fourth quarter valued at $1,583,000. 98.35% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have commented on ONTO shares. Oppenheimer lifted their price objective on shares of Onto Innovation from $370.00 to $450.00 and gave the stock an “outperform” rating in a research note on Monday, June 22nd. Morgan Stanley reissued an “overweight” rating and set a $383.00 price objective on shares of Onto Innovation in a research note on Friday, August 7th. Freedom Capital raised Onto Innovation to a “strong-buy” rating in a research note on Wednesday, June 17th. Evercore reissued an “outperform” rating and set a $390.00 target price on shares of Onto Innovation in a research report on Friday, August 7th. Finally, Jefferies Financial Group raised their price target on Onto Innovation from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Onto Innovation has an average rating of “Buy” and an average price target of $380.30.
Onto Innovation Stock Up 3.3%
Shares of NYSE:ONTO opened at $292.38 on Wednesday. The business’s 50 day moving average is $303.38 and its 200 day moving average is $265.18. The stock has a market cap of $14.35 billion, a P/E ratio of 109.92, a price-to-earnings-growth ratio of 0.94 and a beta of 1.59. Onto Innovation Inc. has a 52-week low of $101.00 and a 52-week high of $386.46. The company has a quick ratio of 8.33, a current ratio of 9.73 and a debt-to-equity ratio of 0.77.
Onto Innovation (NYSE:ONTO – Get Free Report) last issued its earnings results on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.24. The business had revenue of $343.13 million during the quarter, compared to analysts’ expectations of $325.29 million. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%.The business’s revenue for the quarter was up 35.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.25 EPS. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. Sell-side analysts predict that Onto Innovation Inc. will post 7.88 EPS for the current year.
Insider Transactions at Onto Innovation
In other Onto Innovation news, Director Susan D. 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 transaction, the director directly owned 2,684 shares in the company, valued at $811,373.20. This represents a 27.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by insiders.
About Onto Innovation
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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