Bank of New York Mellon Corp Invests $162.05 Million in Onto Innovation Inc. $ONTO

Bank of New York Mellon Corp bought a new stake in Onto Innovation Inc. (NYSE:ONTO - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 428,200 shares of the semiconductor company's stock, valued at approximately $162,052,000. Bank of New York Mellon Corp owned approximately 0.86% of Onto Innovation as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Andar Capital Management HK Ltd acquired a new stake in shares of Onto Innovation in the 2nd quarter valued at $69,000,000. Wellington Management Group LLP raised its stake in shares of Onto Innovation by 1,217.0% during the third quarter. Wellington Management Group LLP now owns 1,398,995 shares of the semiconductor company's stock worth $180,778,000 after buying an additional 1,292,772 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Onto Innovation by 21.4% in the fourth quarter. Franklin Resources Inc. now owns 1,353,001 shares of the semiconductor company's stock valued at $213,585,000 after buying an additional 238,500 shares during the period. Geode Capital Management LLC lifted its holdings in Onto Innovation by 45.4% in the fourth quarter. Geode Capital Management LLC now owns 1,127,532 shares of the semiconductor company's stock valued at $178,024,000 after buying an additional 352,316 shares during the period. Finally, Paradigm Capital Management Inc. NY lifted its holdings in Onto Innovation by 1.2% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 1,125,838 shares of the semiconductor company's stock valued at $177,725,000 after buying an additional 12,999 shares during the period. 98.35% of the stock is owned by institutional investors.

Onto Innovation Stock Up 0.1%

Shares of ONTO stock opened at $293.68 on Monday. The firm's fifty day moving average price is $304.92 and its two-hundred day moving average price is $263.86. Onto Innovation Inc. has a 1 year low of $101.00 and a 1 year high of $386.46. 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 has a market capitalization of $14.41 billion, a P/E ratio of 110.41, a PEG ratio of 0.98 and a beta of 1.59.

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, 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 firm had revenue of $343.13 million for the quarter, compared to analyst estimates of $325.29 million. During the same quarter in the previous year, the firm earned $1.25 EPS. The business's quarterly 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 analysts predict that Onto Innovation Inc. will post 7.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ONTO has been the topic of a number of recent analyst reports. Freedom Capital upgraded Onto Innovation to a "strong-buy" rating in a report on Wednesday, June 17th. B. Riley Financial reiterated a "buy" rating on shares of Onto Innovation in a report on Friday, August 7th. 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 research note on Friday, August 7th. Cantor Fitzgerald lifted their target price on Onto Innovation from $350.00 to $410.00 and gave the stock an "overweight" rating in a report on Monday, June 29th. Finally, Weiss Ratings upgraded shares of Onto Innovation from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Onto Innovation presently has a consensus rating of "Buy" and a consensus target price of $380.30.

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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