69,000 Shares in Onto Innovation Inc. $ONTO Bought by Andar Capital Management HK Ltd

Andar Capital Management HK Ltd acquired a new stake in Onto Innovation Inc. (NYSE:ONTO - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 69,000 shares of the semiconductor company's stock, valued at approximately $26,113,000. Onto Innovation comprises 11.7% of Andar Capital Management HK Ltd's holdings, making the stock its 5th biggest position. Andar Capital Management HK Ltd owned approximately 0.14% of Onto Innovation as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of ONTO. Parallel Advisors LLC grew its holdings in shares of Onto Innovation by 16.5% in the 1st quarter. Parallel Advisors LLC now owns 395 shares of the semiconductor company's stock worth $81,000 after acquiring an additional 56 shares during the period. Kestra Advisory Services LLC increased its stake in Onto Innovation by 4.9% in the first quarter. Kestra Advisory Services LLC now owns 1,368 shares of the semiconductor company's stock valued at $281,000 after purchasing an additional 64 shares during the last quarter. Root Financial Partners LLC boosted its position in shares of Onto Innovation by 71.2% in the fourth quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company's stock worth $28,000 after acquiring an additional 74 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Onto Innovation by 8.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,165 shares of the semiconductor company's stock valued at $186,000 after buying an additional 92 shares during the period. Finally, Millstone Evans Group LLC increased its position in Onto Innovation by 147.8% during the 1st quarter. Millstone Evans Group LLC now owns 166 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 99 shares in the last quarter. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ONTO has been the subject of several research analyst reports. Wall Street Zen upgraded Onto Innovation from a "hold" rating to a "buy" rating in a research note on Sunday, August 9th. Needham & Company LLC raised their price target on shares of Onto Innovation from $330.00 to $360.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Jefferies Financial Group raised their target price on Onto Innovation from $350.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Morgan Stanley reissued an "overweight" rating and issued a $383.00 price target on shares of Onto Innovation in a research note 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 research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Onto Innovation presently has an average rating of "Buy" and an average target price of $378.11.

Onto Innovation Price Performance

Shares of Onto Innovation stock opened at $331.94 on Monday. Onto Innovation Inc. has a 1-year low of $101.00 and a 1-year high of $386.46. The stock has a market capitalization of $16.29 billion, a price-to-earnings ratio of 124.79, a P/E/G ratio of 1.11 and a beta of 1.59. The company has a current ratio of 9.73, a quick ratio of 8.33 and a debt-to-equity ratio of 0.77. The firm's 50-day moving average price is $302.57 and its two-hundred day moving average price is $260.21.

Onto Innovation (NYSE:ONTO - Get Free Report) last released its earnings results on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share for the quarter, topping analysts' consensus estimates of $1.69 by $0.24. The company 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 firm's quarterly revenue was up 35.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.25 earnings per share. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. On average, equities analysts predict that Onto Innovation Inc. will post 7.88 earnings per share for the current fiscal year.

Onto Innovation Company 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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