Vontobel Holding Ltd. increased its holdings in shares of Onto Innovation Inc. (NYSE:ONTO – Free Report) by 152.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,814 shares of the semiconductor company’s stock after acquiring an additional 3,515 shares during the period. Vontobel Holding Ltd.’s holdings in Onto Innovation were worth $1,790,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in Onto Innovation in the second quarter worth about $2,083,436,000. Paradigm Capital Management Inc. NY acquired a new stake in Onto Innovation during the second quarter valued at approximately $416,839,000. William Blair Investment Management LLC acquired a new stake in Onto Innovation during the second quarter valued at approximately $251,812,000. Bank of New York Mellon Corp bought a new stake in shares of Onto Innovation in the 2nd quarter valued at approximately $162,052,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Onto Innovation by 4.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 677,502 shares of the semiconductor company’s stock valued at $138,898,000 after purchasing an additional 28,137 shares during the period. Institutional investors own 98.35% of the company’s stock.
Analyst Upgrades and Downgrades
ONTO has been the subject of a number of recent research reports. Cantor Fitzgerald increased their target price on Onto Innovation from $350.00 to $410.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Jefferies Financial Group boosted their price target on Onto Innovation from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Zacks Research raised Onto Innovation from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Wall Street Zen upgraded Onto Innovation from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Finally, Weiss Ratings upgraded Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Onto Innovation presently has an average rating of “Buy” and an average price target of $380.00.
Onto Innovation Stock Up 2.6%
Shares of ONTO opened at $226.39 on Tuesday. The company has a market capitalization of $11.11 billion, a P/E ratio of 39.91, a PEG ratio of 0.72 and a beta of 1.58. 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 Inc. has a one year low of $118.97 and a one year high of $386.46. The business’s 50 day simple moving average is $283.70 and its 200-day simple moving average is $283.71.
Onto Innovation (NYSE:ONTO – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.24. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%. The business had revenue of $343.13 million for the quarter, compared to analyst estimates of $325.29 million. During the same period in the prior year, the company earned $1.25 EPS. Onto Innovation’s revenue for the quarter was up 35.3% on a year-over-year basis. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. As a group, sell-side analysts predict that Onto Innovation Inc. will post 8.04 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, Director David Miller sold 2,000 shares of the firm’s stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $300.00, for a total value of $600,000.00. Following the completion of the sale, the director directly owned 10,692 shares in the company, valued at approximately $3,207,600. This trade represents a 15.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Susan D. Lynch sold 1,000 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $302.30, for a total value of $302,300.00. Following the completion of the sale, the director owned 2,684 shares of the company’s stock, valued at approximately $811,373.20. This trade represents a 27.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by insiders.
Onto Innovation Profile
Onto Innovation Inc (NYSE: ONTO) develops process control and inspection equipment used by semiconductor manufacturers and advanced packaging companies. Its products help customers monitor, measure and improve manufacturing processes throughout the production of integrated circuits, wafers and packaged semiconductor devices.
The company offers optical metrology systems, wafer and macro-defect inspection tools, advanced packaging inspection and metrology solutions, lithography systems, and process control software.
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