12,385 Shares in Onto Innovation Inc. $ONTO Purchased by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP acquired 12,385 Onto Innovation shares worth approximately $4.7 million in the second quarter. Institutional investors collectively own 98.35% of the semiconductor equipment maker.
• Analysts maintain a positive outlook, with the stock carrying a consensus “Buy” rating and an average price target of $380.30, compared with its recent opening price of $266.67.
• Onto Innovation exceeded quarterly expectations, reporting $1.93 in adjusted EPS and $343.13 million in revenue, with revenue up 35.3% year over year. A company director separately sold 1,000 shares under a pre-arranged trading plan.

Corient Private Wealth LP acquired a new position in Onto Innovation Inc. (NYSE:ONTO - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,385 shares of the semiconductor company's stock, valued at approximately $4,687,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bank of America Corp DE bought a new position in shares of Onto Innovation during the 2nd quarter valued at approximately $71,126,000. Freestone Grove Partners LP purchased a new stake in shares of Onto Innovation during the 2nd quarter worth approximately $7,377,000. Man Group plc bought a new stake in shares of Onto Innovation in the 2nd quarter worth approximately $12,032,000. Polar Asset Management Partners Inc. bought a new stake in shares of Onto Innovation in the 2nd quarter worth approximately $3,620,000. Finally, Jupiter Topco LLC purchased a new position in Onto Innovation in the second quarter valued at approximately $24,380,000. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Onto Innovation news, Director Susan D. Lynch sold 1,000 shares of Onto Innovation stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $302.30, for a total transaction of $302,300.00. Following the completion of the transaction, the director owned 2,684 shares of the company's stock, valued at $811,373.20. The trade was a 27.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ONTO shares. Deutsche Bank Aktiengesellschaft started coverage on Onto Innovation in a report on Friday, June 5th. They set a "buy" rating and a $350.00 price objective for the company. Morgan Stanley restated an "overweight" rating and issued a $383.00 target price on shares of Onto Innovation in a research note on Friday, August 7th. Evercore reaffirmed an "outperform" rating and set a $390.00 price target on shares of Onto Innovation in a research report on Friday, August 7th. The Goldman Sachs Group began coverage on Onto Innovation in a report on Monday, August 17th. They issued a "buy" rating and a $400.00 price objective for the company. Finally, Zacks Research raised shares of Onto Innovation from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 14th. 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $380.30.

Onto Innovation Trading Down 1.5%

NYSE:ONTO opened at $266.67 on Tuesday. The company has a market cap of $13.09 billion, a P/E ratio of 100.25, a P/E/G ratio of 0.90 and a beta of 1.59. The stock's fifty day moving average price is $299.13 and its two-hundred day moving average price is $267.25. Onto Innovation Inc. has a 1 year low of $101.00 and a 1 year high of $386.46. 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 results on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.24. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%.The company had revenue of $343.13 million during the quarter, compared to analysts' expectations of $325.29 million. During the same period in the previous year, the business earned $1.25 earnings per share. The firm's quarterly 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, analysts expect that Onto Innovation Inc. will post 7.88 EPS for the current 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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