Globeflex Capital L P Takes $5.51 Million Position in Onto Innovation Inc. $ONTO

Key Points

• Globeflex Capital initiated a $5.51 million position in Onto Innovation during the second quarter by purchasing 14,549 shares. Institutional investors collectively own 98.35% of the semiconductor company.
• Onto Innovation reported stronger-than-expected 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 issued third-quarter 2026 EPS guidance of $2.18–$2.38.
• Analysts remain broadly bullish, with an average rating of “Buy” and an average price target of $380.30; several firms recently raised targets to between $390 and $410.

Globeflex Capital L P purchased a new position in Onto Innovation Inc. (NYSE:ONTO - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 14,549 shares of the semiconductor company's stock, valued at approximately $5,506,000.

A number of other large investors have also added to or reduced their stakes in ONTO. Bank of Nova Scotia purchased a new stake in Onto Innovation during the second quarter valued at about $8,811,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Onto Innovation in the second quarter valued at approximately $67,719,000. Evolve Private Wealth LLC bought a new stake in shares of Onto Innovation in the second quarter valued at approximately $392,000. Farringdon Capital Ltd. purchased a new stake in shares of Onto Innovation during the 2nd quarter valued at approximately $249,000. Finally, William Blair Investment Management LLC bought a new position in Onto Innovation in the 2nd quarter worth approximately $251,812,000. Hedge funds and other institutional investors own 98.35% of the company's stock.

Onto Innovation Trading Up 0.1%

Shares of ONTO opened at $293.68 on Monday. The firm has a market cap of $14.41 billion, a price-to-earnings ratio of 110.41, a PEG ratio of 0.98 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. Onto Innovation Inc. has a fifty-two week low of $101.00 and a fifty-two week high of $386.46. The firm has a 50 day moving average price of $304.92 and a 200-day moving average price of $263.86.

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, beating analysts' consensus estimates of $1.69 by $0.24. The company had revenue of $343.13 million during the quarter, compared to analysts' expectations of $325.29 million. Onto Innovation had a net margin of 11.84% and a return on equity of 13.44%. The firm's revenue was up 35.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.25 EPS. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. As a group, equities research analysts forecast that Onto Innovation Inc. will post 7.88 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Morgan Stanley reiterated an "overweight" rating and set a $383.00 price target on shares of Onto Innovation in a research report on Friday, August 7th. Freedom Capital upgraded Onto Innovation to a "strong-buy" rating in a research report on Wednesday, June 17th. Cantor Fitzgerald upped their price objective on shares of Onto Innovation from $350.00 to $410.00 and gave the stock an "overweight" rating in a research report on Monday, June 29th. Evercore restated an "outperform" rating and set a $390.00 price objective on shares of Onto Innovation in a research report on Friday, August 7th. Finally, Jefferies Financial Group lifted their price objective on shares of Onto Innovation from $350.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and an average 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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