BlackRock Inc. Makes New $2.08 Billion Investment in Onto Innovation Inc. $ONTO

Key Points

• BlackRock acquired 5.5 million Onto Innovation shares worth approximately $2.08 billion, giving it an 11.07% stake. Institutional investors collectively own 98.35% of the semiconductor equipment maker.
• 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. The company issued third-quarter 2026 EPS guidance of $2.18–$2.38.
• Wall Street’s consensus rating remains Buy, with a $380.30 average price target compared with the stock’s reported $299.30 opening price; analyst targets range as high as $400.

BlackRock Inc. bought a new position in Onto Innovation Inc. (NYSE:ONTO - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 5,505,181 shares of the semiconductor company's stock, valued at approximately $2,083,436,000. BlackRock Inc. owned 11.07% of Onto Innovation at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ONTO. Pallas Capital Advisors LLC bought a new stake in shares of Onto Innovation in the second quarter valued at about $562,000. Deutsche Bank AG bought a new position in Onto Innovation during the 2nd quarter worth about $4,124,000. Perigon Wealth Management LLC bought a new position in Onto Innovation during the 2nd quarter worth about $285,000. TimesSquare Capital Management LLC purchased a new position in Onto Innovation during the 2nd quarter valued at about $82,166,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Onto Innovation during the 2nd quarter valued at about $42,000. Institutional investors own 98.35% of the company's stock.

Onto Innovation Stock Performance

ONTO stock opened at $299.30 on Thursday. Onto Innovation Inc. has a one year low of $101.00 and a one year high of $386.46. The firm has a market cap of $14.69 billion, a price-to-earnings ratio of 112.52, a PEG ratio of 1.05 and a beta of 1.59. The company has a debt-to-equity ratio of 0.77, a quick ratio of 8.33 and a current ratio of 9.73. The firm has a 50-day simple moving average of $305.60 and a two-hundred day simple moving average of $262.54.

Onto Innovation (NYSE:ONTO - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.69 by $0.24. Onto Innovation had a net margin of 11.84% and a return on equity of 13.44%. The firm had revenue of $343.13 million for the quarter, compared to the consensus estimate of $325.29 million. During the same quarter in the previous year, the firm earned $1.25 EPS. The company's quarterly revenue 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. On average, equities analysts forecast that Onto Innovation Inc. will post 7.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have 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. Weiss Ratings lowered shares of Onto Innovation from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, August 7th. Freedom Capital upgraded Onto Innovation to a "strong-buy" rating in a report on Wednesday, June 17th. The Goldman Sachs Group initiated coverage on Onto Innovation in a research report on Monday. They set a "buy" rating and a $400.00 target price on the stock. Finally, Needham & Company LLC lifted their price target on Onto Innovation from $330.00 to $360.00 and gave the company a "buy" rating in a report on Friday, August 7th. Two research 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, the stock currently has an average rating of "Buy" and a consensus price target 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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