Andar Capital Management HK Ltd Takes $69 Million Position in Onto Innovation Inc. $ONTO

Key Points

• Andar Capital Management HK Ltd acquired 26.1 million Onto Innovation shares worth approximately $69 million, making ONTO its 10th-largest portfolio holding; institutional investors collectively own 98.35% of the company.
• Analysts remain bullish, with a consensus “Buy” rating and an average price target of $378.11. Recent targets range from $360 to $390.
• Onto Innovation reported quarterly EPS of $1.93, beating estimates of $1.69, while revenue rose 35.3% year over year to $343.13 million. Shares opened at $331.94, down 1.7%.

Andar Capital Management HK Ltd acquired a new position in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 26,113,050 shares of the semiconductor company's stock, valued at approximately $69,000,000. Onto Innovation makes up approximately 0.2% of Andar Capital Management HK Ltd's investment portfolio, making the stock its 10th largest position. Andar Capital Management HK Ltd owned about 52.50% of Onto Innovation as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CoreCap Advisors LLC purchased a new stake in shares of Onto Innovation during the second quarter worth about $38,000. Harbor Investment Advisory LLC acquired a new stake in Onto Innovation during the second quarter worth approximately $47,000. Millstone Evans Group LLC grew its stake in Onto Innovation by 147.8% in the 1st quarter. Millstone Evans Group LLC now owns 166 shares of the semiconductor company's stock worth $34,000 after acquiring an additional 99 shares during the period. Transamerica Financial Advisors LLC grew its stake in Onto Innovation by 188.5% in the 4th quarter. Transamerica Financial Advisors LLC now owns 176 shares of the semiconductor company's stock worth $28,000 after acquiring an additional 115 shares during the period. Finally, Root Financial Partners LLC raised its holdings in Onto Innovation by 71.2% in the 4th quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company's stock valued at $28,000 after acquiring an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 98.35% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ONTO shares. Needham & Company LLC raised their price objective on Onto Innovation from $330.00 to $360.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Wall Street Zen upgraded Onto Innovation from a "hold" rating to a "buy" rating in a research note on Sunday, August 9th. Morgan Stanley reiterated an "overweight" rating and set a $383.00 target price on shares of Onto Innovation in a research report on Friday, August 7th. B. Riley Financial reissued a "buy" rating on shares of Onto Innovation in a research note on Friday, August 7th. Finally, Evercore restated an "outperform" rating and issued a $390.00 price target on shares of Onto Innovation in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $378.11.

Onto Innovation Trading Down 1.7%

Shares of ONTO opened at $331.94 on Friday. The stock's 50-day moving average is $302.57 and its two-hundred day moving average is $259.83. The stock has a market cap of $16.29 billion, a PE ratio of 124.79, a P/E/G ratio of 1.11 and a beta of 1.59. Onto Innovation Inc. has a 12 month low of $101.00 and a 12 month 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 posted its earnings results on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $325.29 million. During the same quarter last year, the firm earned $1.25 earnings per share. The company's revenue for the quarter 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. Equities analysts forecast that Onto Innovation Inc. will post 7.88 earnings per share for the current fiscal year.

About Onto Innovation

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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