Onto Innovation (NYSE:ONTO) Shares Up 6.2% – Here’s What Happened

Posted by Brian Himes on Sep 4th, 2026

Onto Innovation Inc. (NYSE:ONTO – Get Free Report)’s share price rose 6.2% during trading on Friday . The stock traded as high as $266.28 and last traded at $268.2260. 92,042 shares changed hands during trading, a decline of 91% from the average daily volume of 1,068,917 shares. The stock had previously closed at $252.46.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ONTO. The Goldman Sachs Group began coverage on shares of Onto Innovation in a research report on Monday, August 17th. They issued a “buy” rating and a $400.00 price objective on the stock. Weiss Ratings upgraded shares of Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 21st. Wall Street Zen upgraded shares of Onto Innovation from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Morgan Stanley reaffirmed an “overweight” rating and set a $383.00 price target on shares of Onto Innovation in a report on Friday, August 7th. Finally, Zacks Research upgraded Onto Innovation from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $380.30.

View Our Latest Stock Report on Onto Innovation

Onto Innovation Stock Up 5.4%

The firm has a market cap of $13.05 billion, a price-to-earnings ratio of 100.05, a P/E/G ratio of 0.83 and a beta of 1.59. The firm’s fifty day moving average is $294.79 and its two-hundred day moving average is $268.01. 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 earnings results on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $343.13 million during the quarter, compared to analyst estimates of $325.29 million. During the same quarter in the prior year, the firm posted $1.25 EPS. Onto Innovation’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. On average, sell-side analysts expect that Onto Innovation Inc. will post 8.04 EPS for the current fiscal year.

Insider Activity at Onto Innovation

In related news, Director Susan Lynch sold 1,000 shares of the firm’s stock in a transaction that occurred on 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 owned 2,684 shares in the company, valued at $811,373.20. This trade represents a 27.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Onto Innovation

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ONTO. Highland Investment Advisors LLC bought a new stake in shares of Onto Innovation in the 2nd quarter worth $25,000. Fiduciary Financial Advisors bought a new position in Onto Innovation during the second quarter valued at about $25,000. CoreCap Advisors LLC acquired a new position in Onto Innovation during the second quarter worth about $38,000. Rakuten Securities Inc. acquired a new position in Onto Innovation during the second quarter worth about $40,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Onto Innovation in the second quarter worth about $42,000. 98.35% of the stock is owned by institutional investors.

Onto Innovation Company Profile

(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.