Northwestern Mutual Wealth Management Co. Has $67.72 Million Stock Holdings in Onto Innovation Inc. $ONTO

Key Points

• Northwestern Mutual Wealth Management sharply increased its Onto Innovation stake by 23,351.9% in the second quarter, bringing its holdings to 178,938 shares valued at approximately $67.72 million. Institutional investors collectively own 98.35% of the company.
• Onto Innovation reported strong operating results, with quarterly EPS of $1.93 beating estimates and revenue rising 35.3% year over year to $343.13 million. Analysts remain bullish, with an average “Buy” rating and a $380.30 price target, while Zacks raised its long-term earnings forecasts.
• Risks include elevated valuation and governance-related uncertainty. The stock trades at roughly 96 times earnings, Director Susan Lynch sold 1,000 shares under a 10b5-1 plan, and Levi & Korsinsky announced an investigation into possible fiduciary-duty breaches.

Northwestern Mutual Wealth Management Co. boosted its stake in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 23,351.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 178,938 shares of the semiconductor company's stock after buying an additional 178,175 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.36% of Onto Innovation worth $67,719,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of ONTO. Parallel Advisors LLC boosted its holdings in shares of Onto Innovation by 16.5% in the first quarter. Parallel Advisors LLC now owns 395 shares of the semiconductor company's stock valued at $81,000 after buying an additional 56 shares during the period. Kestra Advisory Services LLC lifted its position in Onto Innovation by 4.9% in the 1st quarter. Kestra Advisory Services LLC now owns 1,368 shares of the semiconductor company's stock valued at $281,000 after acquiring an additional 64 shares in the last quarter. Fiduciary Financial Advisors bought a new stake in Onto Innovation in the 2nd quarter valued at $25,000. Root Financial Partners LLC boosted its stake in Onto Innovation by 71.2% in the 4th quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company's stock worth $28,000 after purchasing an additional 74 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in Onto Innovation by 8.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,165 shares of the semiconductor company's stock worth $186,000 after purchasing an additional 92 shares in the last quarter. Institutional investors own 98.35% of the company's stock.

Onto Innovation News Roundup

Here are the key news stories impacting Onto Innovation this week:

• Positive Sentiment: Analysts raised earnings forecasts across multiple periods. Zacks Research increased its 2026 EPS estimate to $7.88 from $6.78, lifted its 2027 forecast to $10.88 from $8.71, and raised its 2028 estimate to $12.22 from $9.44. Quarterly estimates were also increased, including Q3 2026 EPS to $2.20 from $1.73 and Q2 2028 EPS to $3.11 from $2.27. Zacks maintained a “Strong Buy” rating. MarketBeat Onto Innovation analyst estimates
• Positive Sentiment: Onto Innovation continues to show strong operating momentum. Its latest reported quarter exceeded analyst expectations for both EPS and revenue, while revenue grew 35.3% year over year. These results support the more optimistic longer-term estimates, although the stock’s elevated valuation increases sensitivity to negative news.
• Neutral Sentiment: Director Lynch sold 1,000 shares worth approximately $302,000. The sale represented 27% of his directly held shares before the filing. While insider selling can weigh on sentiment, a single transaction does not establish a broader change in management’s outlook. Onto Innovation director stock sale
• Negative Sentiment: Levi & Korsinsky announced an investigation into possible fiduciary-duty breaches by certain Onto Innovation officers and directors. The announcement could increase legal and governance uncertainty and is the most immediate negative catalyst for the stock. The notice does not establish that wrongdoing occurred. Levi and Korsinsky Onto Innovation investigation

Insiders Place Their Bets

In other Onto Innovation news, Director Susan D. Lynch sold 1,000 shares of the company's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $302.30, for a total value of $302,300.00. Following the sale, the director owned 2,684 shares in the company, valued at $811,373.20. This represents a 27.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on ONTO. Morgan Stanley restated an "overweight" rating and issued a $383.00 price target on shares of Onto Innovation in a report on Friday, August 7th. Evercore reissued an "outperform" rating and issued a $390.00 target price on shares of Onto Innovation in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft initiated coverage on Onto Innovation in a research report on Friday, June 5th. They set a "buy" rating and a $350.00 price target for the company. Jefferies Financial Group raised their price target on shares of Onto Innovation from $350.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Finally, The Goldman Sachs Group began coverage on shares of Onto Innovation in a research report on Monday, August 17th. They issued a "buy" rating and a $400.00 price objective on the stock. Two equities research 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's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $380.30.

Onto Innovation Stock Performance

NYSE ONTO opened at $255.70 on Wednesday. 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 firm's fifty day moving average price is $297.93 and its two-hundred day moving average price is $267.48. Onto Innovation Inc. has a 1 year low of $101.00 and a 1 year high of $386.46. The firm has a market capitalization of $12.55 billion, a P/E ratio of 96.13, a price-to-earnings-growth ratio of 0.87 and a beta of 1.59.

Onto Innovation (NYSE:ONTO - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.93 EPS for the quarter, beating analysts' consensus estimates of $1.69 by $0.24. Onto Innovation had a net margin of 11.84% and a return on equity of 13.44%. The company had revenue of $343.13 million during the quarter, compared to the consensus estimate of $325.29 million. During the same quarter last 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, research analysts anticipate that Onto Innovation Inc. will post 8.04 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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