California State Teachers Retirement System Boosts Stake in Onto Innovation Inc. $ONTO

California State Teachers Retirement System boosted its position in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 38,382.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,848,297 shares of the semiconductor company's stock after purchasing an additional 21,791,522 shares during the period. California State Teachers Retirement System owned approximately 44.52% of Onto Innovation worth $8,268,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. NewEdge Advisors LLC lifted its stake 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 worth $500,000 after acquiring an additional 3,122 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Onto Innovation by 76.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 482,256 shares of the semiconductor company's stock valued at $58,517,000 after buying an additional 208,907 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Onto Innovation by 8.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 163,259 shares of the semiconductor company's stock valued at $19,810,000 after buying an additional 13,175 shares during the period. Cetera Investment Advisers grew its stake in Onto Innovation by 6.3% in the 2nd quarter. Cetera Investment Advisers now owns 4,017 shares of the semiconductor company's stock worth $405,000 after acquiring an additional 238 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Onto Innovation by 182.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 6,631 shares of the semiconductor company's stock worth $666,000 after acquiring an additional 4,283 shares in the last quarter. Hedge funds and other institutional investors own 98.35% of the company's stock.

Onto Innovation Trading Up 5.0%

Shares of NYSE ONTO opened at $281.54 on Wednesday. Onto Innovation Inc. has a 1-year low of $102.91 and a 1-year high of $386.46. The business has a fifty day moving average price of $290.08 and a 200 day moving average price of $269.14. The stock has a market capitalization of $13.81 billion, a P/E ratio of 105.84, a price-to-earnings-growth ratio of 0.88 and a beta of 1.59. 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 the consensus estimate of $1.69 by $0.24. The company had revenue of $343.13 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.25 earnings per share. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. Equities research analysts expect that Onto Innovation Inc. will post 8.04 EPS for the current fiscal year.

Insider Activity

In other news, Director Susan Lynch sold 1,000 shares of Onto Innovation 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 owned 2,684 shares of the company's stock, valued at $811,373.20. The trade was a 27.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by insiders.

Analyst Ratings Changes

ONTO has been the subject of several research analyst reports. Needham & Company LLC lifted 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. Freedom Capital raised Onto Innovation to a "strong-buy" rating in a research note on Wednesday, June 17th. Morgan Stanley decreased their target price on Onto Innovation from $383.00 to $360.00 and set an "overweight" rating for the company in a research report on Tuesday. Deutsche Bank Aktiengesellschaft initiated coverage on Onto Innovation in a report on Friday, June 5th. They issued a "buy" rating and a $350.00 target price for the company. Finally, The Goldman Sachs Group began coverage on Onto Innovation in a research report on Monday, August 17th. They set a "buy" rating and a $400.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $378.00.

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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