5,710 Shares in Onto Innovation Inc. $ONTO Acquired by Bokf Na

Key Points

• BOKF NA acquired 5,710 shares of Onto Innovation in the third quarter, valued at approximately $1.76 million. Institutional investors collectively own 98.35% of the company.
• Analysts maintain a positive outlook, with Onto Innovation carrying a consensus “Buy” rating and an average price target of $380; however, some directors recently sold shares under pre-arranged Rule 10b5-1 plans.
• Onto Innovation’s shares were down 9.4%, while its latest quarterly results exceeded expectations: EPS was $1.93 versus the $1.69 estimate, and revenue rose 35.3% year over year to $343.13 million.

Bokf Na bought a new position in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,710 shares of the semiconductor company's stock, valued at approximately $1,758,000.

A number of other hedge funds also recently bought and sold shares of the stock. North Dakota State Investment Board increased its holdings in shares of Onto Innovation by 4.9% in the 3rd quarter. North Dakota State Investment Board now owns 1,518 shares of the semiconductor company's stock valued at $467,000 after acquiring an additional 71 shares during the period. Total Clarity Wealth Management Inc. bought a new position in shares of Onto Innovation in the 3rd quarter worth $279,000. Verdence Capital Advisors LLC raised its position in shares of Onto Innovation by 5.5% in the 3rd quarter. Verdence Capital Advisors LLC now owns 27,484 shares of the semiconductor company's stock worth $8,460,000 after acquiring an additional 1,432 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Onto Innovation by 20.6% during the 3rd quarter. Signaturefd LLC now owns 1,048 shares of the semiconductor company's stock worth $323,000 after purchasing an additional 179 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its stake in shares of Onto Innovation by 44.7% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 1,717 shares of the semiconductor company's stock worth $529,000 after purchasing an additional 530 shares during the last quarter. Hedge funds and other institutional investors own 98.35% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ONTO shares. B. Riley Financial reaffirmed a "buy" rating on shares of Onto Innovation in a research report on Friday, August 7th. The Goldman Sachs Group began coverage on Onto Innovation in a research note on Monday, August 17th. They issued a "buy" rating and a $400.00 target price on the stock. Royal Bank Of Canada began coverage on shares of Onto Innovation in a report on Friday, October 2nd. They issued an "outperform" rating and a $400.00 target price for the company. Morgan Stanley reduced their target price on shares of Onto Innovation from $383.00 to $360.00 and set an "overweight" rating for the company in a report on Tuesday, September 8th. Finally, Weiss Ratings raised shares of Onto Innovation from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Onto Innovation currently has a consensus rating of "Buy" and a consensus price target of $380.00.

Insider Activity

In related news, Director Susan D. Lynch sold 1,000 shares of Onto Innovation stock in a transaction that occurred 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 directly owned 2,684 shares in the company, valued at $811,373.20. This trade represents a 27.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director David Miller sold 2,000 shares of Onto Innovation stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $300.00, for a total transaction of $600,000.00. Following the completion of the sale, the director owned 10,692 shares of the company's stock, valued at $3,207,600. This trade 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 Stock Down 9.4%

Shares of ONTO stock opened at $200.99 on Friday. Onto Innovation Inc. has a 1-year low of $118.97 and a 1-year high of $386.46. The stock's fifty day moving average price is $264.59 and its 200 day moving average price is $260.03. The company has a debt-to-equity ratio of 0.77, a current ratio of 9.73 and a quick ratio of 8.33. The company has a market cap of $9.86 billion, a price-to-earnings ratio of 75.56, a price-to-earnings-growth ratio of 0.66 and a beta of 1.58.

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, beating analysts' consensus estimates of $1.69 by $0.24. The company 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 firm's revenue was up 35.3% compared to the same quarter last year. During the same period last year, the business posted $1.25 earnings per share. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. On average, research analysts expect that Onto Innovation Inc. will post 8.04 earnings per share for the current fiscal year.

Onto Innovation Company 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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