4,691 Shares in Onto Innovation Inc. $ONTO Bought by Ausbil Investment Management Ltd

Key Points

• Ausbil Investment Management acquired 4,691 Onto Innovation shares worth approximately $1.44 million in the third quarter. Institutional investors collectively own 98.35% of the company.
• Analysts maintain a broadly bullish view, with an average rating of “Buy” and a consensus price target of $380; Morgan Stanley recently reduced its target to $360 while retaining an overweight rating.
• Onto Innovation reported quarterly earnings of $1.93 per share, exceeding estimates of $1.69, while revenue rose 35.3% year over year to $343.13 million. The stock opened at $304.35 and has traded between $118.97 and $386.46 over the past year.

Ausbil Investment Management Ltd acquired a new position in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,691 shares of the semiconductor company's stock, valued at approximately $1,444,000.

Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Onto Innovation in the 2nd quarter valued at $2,083,436,000. Paradigm Capital Management Inc. NY acquired a new position in Onto Innovation in the second quarter valued at about $416,839,000. William Blair Investment Management LLC bought a new stake in shares of Onto Innovation in the second quarter worth about $251,812,000. Franklin Resources Inc. raised its position in shares of Onto Innovation by 21.4% during the fourth quarter. Franklin Resources Inc. now owns 1,353,001 shares of the semiconductor company's stock worth $213,585,000 after purchasing an additional 238,500 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in shares of Onto Innovation during the 2nd quarter valued at about $162,052,000. Institutional investors own 98.35% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wall Street Zen raised Onto Innovation from a "hold" rating to a "buy" rating in a research note on Sunday, August 9th. Freedom Capital upgraded shares of Onto Innovation to a "strong-buy" rating in a report on Wednesday, June 17th. Evercore reaffirmed an "outperform" rating and issued a $390.00 target price on shares of Onto Innovation in a research note on Friday, August 7th. Weiss Ratings upgraded Onto Innovation from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, August 21st. Finally, Morgan Stanley lowered their target price on Onto Innovation from $383.00 to $360.00 and set an "overweight" rating for the company in a report on Tuesday, September 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $380.00.

Onto Innovation Price Performance

NYSE:ONTO opened at $304.35 on Thursday. Onto Innovation Inc. has a 52-week low of $118.97 and a 52-week high of $386.46. The company has a market cap of $14.93 billion, a P/E ratio of 114.42, a P/E/G ratio of 1.03 and a beta of 1.58. 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 stock's 50-day simple moving average is $287.10 and its 200 day simple moving average is $280.96.

Onto Innovation (NYSE:ONTO - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share for the quarter, beating analysts' consensus estimates of $1.69 by $0.24. The firm had revenue of $343.13 million during the quarter, compared to the consensus estimate 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 was up 35.3% compared to the same quarter last year. During the same period last year, the company earned $1.25 earnings per share. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. As a group, sell-side analysts forecast that Onto Innovation Inc. will post 8.04 EPS for the current fiscal year.

Insider Buying and Selling at Onto Innovation

In other Onto Innovation news, Director Susan Lynch sold 1,000 shares of the 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 in the company, valued at $811,373.20. This trade represents a 27.14% decrease in their ownership of the stock. The sale was disclosed in a legal 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 David Miller sold 2,000 shares of the business's stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $300.00, for a total transaction of $600,000.00. Following the transaction, the director owned 10,692 shares in the company, valued at $3,207,600. This represents a 15.76% 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. Corporate insiders own 0.51% of the company's stock.

Onto Innovation Profile

Onto Innovation Inc NYSE: ONTO develops process control, inspection, metrology and lithography solutions for the semiconductor and advanced packaging industries. Its technologies help chip manufacturers monitor and control production processes, identify defects and improve yields during the fabrication of integrated circuits and other electronic components.

The company's product portfolio includes optical and materials metrology systems, wafer and macro-defect inspection equipment, lithography systems, software and data-analysis tools, and solutions for semiconductor packaging and related applications.

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