Harber Asset Management LLC Makes New Investment in Onto Innovation Inc. $ONTO

Key Points

• Harber Asset Management purchased 13,757 Onto Innovation shares worth approximately $5.2 million, making the semiconductor stock 3.1% of its portfolio and its ninth-largest holding. Institutional investors collectively own 98.35% of the 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 provided third-quarter 2026 EPS guidance of $2.18 to $2.38.
• Analysts remain broadly positive, with an overall “Buy” rating and a consensus price target of $380.30. Recent target increases include Morgan Stanley at $383, Evercore at $390, and Goldman Sachs and Jefferies at $400.

Harber Asset Management LLC purchased a new stake in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 13,757 shares of the semiconductor company's stock, valued at approximately $5,206,000. Onto Innovation comprises 3.1% of Harber Asset Management LLC's portfolio, making the stock its 9th largest position.

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

Onto Innovation Price Performance

Shares of Onto Innovation stock opened at $293.68 on Friday. The company's fifty day simple moving average is $304.92 and its two-hundred day simple moving average is $263.43. Onto Innovation Inc. has a 12-month low of $101.00 and a 12-month high of $386.46. The firm has a market cap of $14.41 billion, a PE ratio of 110.41, a price-to-earnings-growth ratio of 1.00 and a beta of 1.59. The company has a quick ratio of 8.33, a current ratio of 9.73 and a debt-to-equity ratio of 0.77.

Onto Innovation (NYSE:ONTO - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.69 by $0.24. The firm had revenue of $343.13 million during the quarter, compared to the consensus estimate of $325.29 million. Onto Innovation had a net margin of 11.84% and a return on equity of 13.44%. The company's quarterly revenue was up 35.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.25 earnings per share. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. As a group, equities analysts expect that Onto Innovation Inc. will post 7.88 EPS for the current year.

Analyst Ratings Changes

ONTO has been the subject of several analyst reports. Morgan Stanley restated 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 report on Wednesday, June 17th. Evercore reissued an "outperform" rating and issued a $390.00 target price on shares of Onto Innovation in a research note on Friday, August 7th. The Goldman Sachs Group started coverage on Onto Innovation in a report on Monday. They set a "buy" rating and a $400.00 target price for the company. Finally, Jefferies Financial Group raised their price target on Onto Innovation from $350.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target 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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