Jefferies Financial Group Inc. Takes Position in Onto Innovation Inc. $ONTO

Key Points

• Jefferies Financial Group acquired 10,601 Onto Innovation shares worth approximately $4.0 million in the second quarter. Institutional investors and hedge funds 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 maintain a broadly positive view, with an average “Buy” rating and a consensus price target of $380.30. Separately, director Susan D. Lynch sold 1,000 shares for $302,300 under a pre-arranged trading plan.

Jefferies Financial Group Inc. purchased a new position in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,601 shares of the semiconductor company's stock, valued at approximately $4,012,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Fiduciary Financial Advisors purchased a new stake in shares of Onto Innovation in the second quarter valued at approximately $25,000. Root Financial Partners LLC raised its stake in shares of Onto Innovation by 71.2% during the 4th 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% during 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 last quarter. Millstone Evans Group LLC raised its position 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 purchasing an additional 99 shares during the last quarter. Finally, CoreCap Advisors LLC purchased a new position in Onto Innovation in the 2nd quarter valued at about $38,000. Institutional investors and hedge funds own 98.35% of the company's stock.

Onto Innovation Price Performance

Shares of Onto Innovation stock opened at $270.85 on Friday. The stock has a market cap of $13.29 billion, a PE ratio of 101.82, a price-to-earnings-growth ratio of 0.98 and a beta of 1.59. Onto Innovation Inc. has a 52 week low of $101.00 and a 52 week high of $386.46. The company has a current ratio of 9.73, a quick ratio of 8.33 and a debt-to-equity ratio of 0.77. The company's 50-day moving average price is $300.77 and its two-hundred day moving average price is $266.53.

Onto Innovation (NYSE:ONTO - Get Free Report) last issued its earnings results 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 return on equity of 13.44% and a net margin of 11.84%.The business had revenue of $343.13 million for the quarter, compared to analysts' expectations of $325.29 million. During the same period in the previous year, the firm posted $1.25 EPS. The company's quarterly revenue was up 35.3% on a year-over-year basis. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. As a group, sell-side analysts anticipate that Onto Innovation Inc. will post 7.88 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on ONTO. Zacks Research upgraded Onto Innovation from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 14th. B. Riley Financial reaffirmed a "buy" rating on shares of Onto Innovation in a research note on Friday, August 7th. Wall Street Zen upgraded shares of Onto Innovation from a "hold" rating to a "buy" rating in a report on Sunday, August 9th. Deutsche Bank Aktiengesellschaft started coverage on shares of Onto Innovation in a research report on Friday, June 5th. They issued a "buy" rating and a $350.00 price objective for the company. Finally, Weiss Ratings upgraded Onto Innovation from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Onto Innovation has an average rating of "Buy" and an average target price of $380.30.

Insider Buying and Selling

In other news, Director Susan D. Lynch sold 1,000 shares of Onto Innovation stock in a transaction that occurred on 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 $811,373.20. This trade represents a 27.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 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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