Dockside LLC Makes New Investment in Onto Innovation Inc. $ONTO

Key Points

• Dockside LLC purchased 4,817 Onto Innovation shares in the second quarter, valued at approximately $1.823 million. Institutional investors collectively own 98.35% of the semiconductor equipment company's stock.
• Analysts remain broadly bullish, with Onto Innovation receiving a consensus “Buy” rating and an average price target of $378.11.
• Onto Innovation exceeded quarterly expectations, reporting $1.93 in earnings per share and $343.13 million in revenue, up 35.3% year over year; shares opened at $331.94 after recently trading down 1.7%.

Dockside LLC purchased a new stake in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,817 shares of the semiconductor company's stock, valued at approximately $1,823,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Root Financial Partners LLC boosted its holdings in shares of Onto Innovation by 71.2% in the fourth quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company's stock worth $28,000 after buying an additional 74 shares during the last quarter. Transamerica Financial Advisors LLC raised its position in Onto Innovation by 188.5% in the fourth quarter. Transamerica Financial Advisors LLC now owns 176 shares of the semiconductor company's stock worth $28,000 after acquiring an additional 115 shares during the period. Millstone Evans Group LLC boosted its stake in shares of Onto Innovation by 147.8% during the 1st quarter. Millstone Evans Group LLC now owns 166 shares of the semiconductor company's stock worth $34,000 after acquiring an additional 99 shares during the last quarter. CoreCap Advisors LLC bought a new stake in shares of Onto Innovation during the 2nd quarter valued at $38,000. Finally, CIBC Private Wealth Group LLC increased its stake in shares of Onto Innovation by 109.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 245 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 98.35% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ONTO shares. B. Riley Financial reiterated a "buy" rating on shares of Onto Innovation in a research report on Friday, August 7th. Wall Street Zen raised shares of Onto Innovation from a "hold" rating to a "buy" rating in a report on Sunday, August 9th. Morgan Stanley reaffirmed an "overweight" rating and set a $383.00 price target on shares of Onto Innovation in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Onto Innovation in a research report on Friday, June 5th. They issued a "buy" rating and a $350.00 price target for the company. Finally, Freedom Capital upgraded shares of Onto Innovation to a "strong-buy" rating in a research report on Wednesday, June 17th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Onto Innovation has a consensus rating of "Buy" and a consensus target price of $378.11.

Onto Innovation Trading Down 1.7%

Shares of ONTO opened at $331.94 on Friday. 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 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 $302.57 and a two-hundred day simple moving average of $259.83. The firm has a market cap of $16.29 billion, a P/E ratio of 124.79, a price-to-earnings-growth ratio of 1.13 and a beta of 1.59.

Onto Innovation (NYSE:ONTO - Get Free Report) last released its earnings results on Thursday, August 6th. The semiconductor company reported $1.93 EPS for the quarter, topping the consensus estimate 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 earnings per share. 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 expect that Onto Innovation Inc. will post 7.88 earnings per share for the current fiscal year.

Onto Innovation Company 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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