Canada Pension Plan Investment Board Takes Position in Onto Innovation Inc. $ONTO

Key Points

• Canada Pension Plan Investment Board acquired 20,200 Onto Innovation shares worth approximately $7.6 million in the second quarter. Institutional investors collectively own 98.35% of the semiconductor equipment maker.
• Onto Innovation reported strong quarterly results, with EPS of $1.93 versus the $1.69 consensus and revenue of $343.13 million, up 35.3% year over year. The company guided for third-quarter 2026 EPS of $2.18–$2.38.
• Analyst sentiment remains positive: the stock has a consensus “Buy” rating and an average price target of $380.30, although shares recently traded at $270.85 after reaching a 52-week high of $386.46.

Canada Pension Plan Investment Board acquired a new stake in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,200 shares of the semiconductor company's stock, valued at approximately $7,645,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Andar Capital Management HK Ltd purchased a new stake in Onto Innovation during the 2nd quarter valued at $69,000,000. BlackRock Inc. bought a new position in shares of Onto Innovation during the 2nd quarter valued at $2,083,436,000. Wellington Management Group LLP boosted its stake in shares of Onto Innovation by 1,217.0% in the 3rd 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. boosted its stake in shares of Onto Innovation by 21.4% in the 4th quarter. Franklin Resources Inc. now owns 1,353,001 shares of the semiconductor company's stock worth $213,585,000 after buying an additional 238,500 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of 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 worth $178,024,000 after acquiring an additional 352,316 shares during the period. Hedge funds and other institutional investors own 98.35% of the company's stock.

Onto Innovation Stock Performance

ONTO opened at $270.85 on Friday. The firm has a market cap of $13.29 billion, a P/E ratio of 101.82, a PEG ratio of 0.90 and a beta of 1.59. Onto Innovation Inc. has a 1-year low of $101.00 and a 1-year high of $386.46. The company has a 50 day simple moving average of $300.77 and a two-hundred day simple moving average of $266.53. 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 announced 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 during the quarter, compared to analysts' expectations of $325.29 million. During the same period in the prior year, the company posted $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.

Insider Transactions at Onto Innovation

In other Onto Innovation news, Director Susan D. Lynch sold 1,000 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $302.30, for a total value of $302,300.00. Following the completion of the sale, the director owned 2,684 shares in the company, valued at approximately $811,373.20. This represents a 27.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ONTO shares. Wall Street Zen upgraded Onto Innovation from a "hold" rating to a "buy" rating in a research report on Sunday, August 9th. Cantor Fitzgerald raised their target price on Onto Innovation from $350.00 to $410.00 and gave the stock an "overweight" rating in a research report on Monday, June 29th. Freedom Capital upgraded Onto Innovation to a "strong-buy" rating in a research note on Wednesday, June 17th. Oppenheimer upped their price target on shares of Onto Innovation from $370.00 to $450.00 and gave the company an "outperform" rating in a research report on Monday, June 22nd. Finally, The Goldman Sachs Group initiated coverage on shares of Onto Innovation in a research note on Monday, August 17th. They issued a "buy" rating and a $400.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $380.30.

Onto Innovation Profile

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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