Corient Private Wealth LP Buys 5,720 Shares of Onto Innovation Inc. $ONTO

Key Points

• Corient Private Wealth increased its Onto Innovation stake by 52.7% in the second quarter, adding 5,720 shares to own 16,574 shares valued at $6.27 million. Institutional investors collectively own 98.35% of the company.
• 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.
• Analysts remain bullish, with the stock carrying a consensus “Buy” rating and an average price target of $378; recent targets include $360 from Needham, $390 from Evercore, and $400 from Goldman Sachs.

Corient Private Wealth LP grew its stake in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 52.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,574 shares of the semiconductor company's stock after acquiring an additional 5,720 shares during the period. Corient Private Wealth LP's holdings in Onto Innovation were worth $6,272,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Onto Innovation during the second quarter valued at approximately $6,377,000. Cetera Investment Advisers grew its holdings in Onto Innovation by 15.6% in the first quarter. Cetera Investment Advisers now owns 13,266 shares of the semiconductor company's stock worth $2,720,000 after purchasing an additional 1,793 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of Onto Innovation during the first quarter worth $2,877,000. BlackRock Inc. purchased a new stake in shares of Onto Innovation during the 2nd quarter valued at $2,083,436,000. Finally, Andar Capital Management HK Ltd purchased a new stake in shares of Onto Innovation during the 2nd quarter valued at $69,000,000. Institutional investors own 98.35% of the company's stock.

Onto Innovation Stock Up 5.9%

Shares of ONTO opened at $264.74 on Friday. The firm has a market cap of $12.99 billion, a P/E ratio of 99.53, a PEG ratio of 0.82 and a beta of 1.59. Onto Innovation Inc. has a 12 month low of $118.97 and a 12 month high of $386.46. The stock's 50 day moving average is $282.08 and its two-hundred day moving average is $271.08. The company has a current ratio of 9.73, a quick ratio of 8.33 and a debt-to-equity ratio of 0.77.

Onto Innovation (NYSE:ONTO - Get Free Report) last announced its earnings results on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.24. The firm 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 business's revenue was up 35.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.25 EPS. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. Analysts predict that Onto Innovation Inc. will post 8.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on ONTO. Needham & Company LLC boosted their target price on Onto Innovation from $330.00 to $360.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. The Goldman Sachs Group initiated coverage on Onto Innovation in a research note on Monday, August 17th. They issued a "buy" rating and a $400.00 price target for the company. Freedom Capital raised Onto Innovation to a "strong-buy" rating in a report on Wednesday, June 17th. Zacks Research upgraded Onto Innovation from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 14th. Finally, Evercore restated an "outperform" rating and set a $390.00 price target on shares of Onto Innovation in a research note on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $378.00.

Insiders Place Their Bets

In related news, Director Susan Lynch sold 1,000 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at approximately $811,373.20. This trade represents a 27.14% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company's stock.

Onto Innovation Profile

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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