Baird Financial Group Inc. Buys 5,227 Shares of Onto Innovation Inc. $ONTO

Key Points

• Baird Financial Group increased its Onto Innovation stake by 8.5% in the second quarter, buying 5,227 shares and bringing its holdings to 66,489 shares valued at approximately $25.2 million. Institutional investors collectively own 98.35% of the company.
• Onto Innovation reported a strong quarter, with EPS of $1.93 versus the $1.69 consensus and revenue of $343.1 million, up 35.3% year over year. The company guided for third-quarter 2026 EPS of $2.18 to $2.38.
• Shares recently traded at $269.44, down 3.2%, while analysts maintained an overall “Buy” rating with a consensus price target of $378.00. Director Susan Lynch sold 1,000 shares under a pre-arranged trading plan.

Baird Financial Group Inc. boosted its position in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 8.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,489 shares of the semiconductor company's stock after purchasing an additional 5,227 shares during the period. Baird Financial Group Inc. owned about 0.14% of Onto Innovation worth $25,163,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. NewEdge Advisors LLC lifted its position in shares of Onto Innovation by 312.5% during the 1st quarter. NewEdge Advisors LLC now owns 4,121 shares of the semiconductor company's stock valued at $500,000 after buying an additional 3,122 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Onto Innovation by 76.4% during the first quarter. Goldman Sachs Group Inc. now owns 482,256 shares of the semiconductor company's stock worth $58,517,000 after purchasing an additional 208,907 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Onto Innovation by 8.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 163,259 shares of the semiconductor company's stock worth $19,810,000 after purchasing an additional 13,175 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of Onto Innovation by 6.3% in the second quarter. Cetera Investment Advisers now owns 4,017 shares of the semiconductor company's stock worth $405,000 after purchasing an additional 238 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Onto Innovation by 182.4% in the second quarter. Russell Investments Group Ltd. now owns 6,631 shares of the semiconductor company's stock valued at $666,000 after purchasing an additional 4,283 shares during the period. 98.35% of the stock is owned by institutional investors.

Onto Innovation Trading Down 3.2%

Shares of ONTO stock opened at $269.44 on Friday. The company has a market capitalization of $13.22 billion, a PE ratio of 101.29, a price-to-earnings-growth ratio of 0.91 and a beta of 1.59. Onto Innovation Inc. has a 52-week low of $107.36 and a 52-week high of $386.46. The business's fifty day moving average is $287.85 and its 200 day moving average is $269.89. The company has a debt-to-equity ratio of 0.77, a quick ratio of 8.33 and a current ratio of 9.73.

Onto Innovation (NYSE:ONTO - Get Free Report) last posted its earnings results on Thursday, August 6th. The semiconductor company reported $1.93 EPS for the quarter, topping 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 business 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 revenue was up 35.3% on a year-over-year basis. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. On average, equities research analysts anticipate that Onto Innovation Inc. will post 8.04 EPS for the current fiscal year.

Insider Buying and Selling at Onto Innovation

In related news, Director Susan Lynch sold 1,000 shares of the company's 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 transaction, the director directly owned 2,684 shares in the company, valued at approximately $811,373.20. This represents a 27.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Morgan Stanley dropped their price target on shares of Onto Innovation from $383.00 to $360.00 and set an "overweight" rating on the stock in a research note on Tuesday. B. Riley Financial reissued a "buy" rating on shares of Onto Innovation in a report on Friday, August 7th. Evercore reaffirmed an "outperform" rating and issued a $390.00 price target on shares of Onto Innovation in a report on Friday, August 7th. Cantor Fitzgerald boosted their price objective on Onto Innovation from $350.00 to $410.00 and gave the company an "overweight" rating in a research note on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Onto Innovation in a research note on Friday, June 5th. They issued a "buy" rating and a $350.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Onto Innovation currently has an average rating of "Buy" and a consensus target price of $378.00.

About Onto Innovation

Onto Innovation Inc NYSE: ONTO develops process control, inspection, metrology and lithography systems used in the semiconductor and advanced packaging industries. Its technologies help chip manufacturers monitor and improve processes throughout wafer fabrication, packaging and other stages of production.

The company's products include optical metrology systems, wafer and macro-defect inspection tools, three-dimensional metrology solutions, lithography systems and process-control software.

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