Onto Innovation Inc. $ONTO Position Raised by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors increased its Onto Innovation stake by 6.5% in the third quarter, bringing its holdings to 135,605 shares valued at approximately $41.7 million. Institutional investors collectively own 98.35% of the company.
• Analysts remain broadly bullish, with Onto Innovation receiving an average “Buy” rating and a consensus price target of $380. Several firms recently raised their targets, including Oppenheimer to $450 and Cantor Fitzgerald to $410.
• Onto Innovation’s latest quarterly results exceeded expectations, with EPS of $1.93 versus the $1.69 consensus and revenue of $343.1 million, up 35.3% year over year. However, the stock opened at $240.74, down 8.7%, while two directors sold shares under pre-arranged trading plans.

Fort Washington Investment Advisors Inc. OH boosted its holdings in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 6.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 135,605 shares of the semiconductor company's stock after purchasing an additional 8,315 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.28% of Onto Innovation worth $41,742,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Fiduciary Financial Advisors purchased a new position in shares of Onto Innovation in the 2nd quarter valued at $25,000. Highland Investment Advisors LLC purchased a new position in Onto Innovation during the 2nd quarter worth approximately $25,000. Millstone Evans Group LLC increased its holdings in shares of Onto Innovation by 147.8% in the 1st quarter. Millstone Evans Group LLC now owns 166 shares of the semiconductor company's stock valued at $34,000 after acquiring an additional 99 shares during the period. CoreCap Advisors LLC acquired a new position in shares of Onto Innovation in the 2nd quarter valued at $38,000. Finally, Rakuten Securities Inc. purchased a new stake in Onto Innovation in the 2nd quarter valued at $40,000. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. B. Riley Financial reiterated a "buy" rating on shares of Onto Innovation in a research note on Friday, August 7th. Cantor Fitzgerald lifted their price objective on shares of Onto Innovation from $350.00 to $410.00 and gave the company an "overweight" rating in a research note on Monday, June 29th. Weiss Ratings raised shares of Onto Innovation from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, August 21st. Oppenheimer upped their target price on shares of Onto Innovation from $370.00 to $450.00 and gave the company an "outperform" rating in a report on Monday, June 22nd. Finally, Freedom Capital upgraded shares of Onto Innovation to a "strong-buy" rating in a research note on Wednesday, June 17th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Onto Innovation currently has an average rating of "Buy" and a consensus target price of $380.00.

Insider Buying and Selling at Onto Innovation

In other Onto Innovation news, Director Susan Lynch sold 1,000 shares of the firm's stock in a transaction 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 completion of the sale, the director owned 2,684 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director David Miller sold 2,000 shares of the firm's stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $300.00, for a total transaction of $600,000.00. Following the completion of the sale, the director owned 10,692 shares of the company's stock, valued at $3,207,600. This trade represents a 15.76% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 Stock Down 8.7%

ONTO stock opened at $240.74 on Thursday. The stock has a market capitalization of $11.81 billion, a PE ratio of 47.66, a price-to-earnings-growth ratio of 0.86 and a beta of 1.58. The company has a fifty day moving average of $287.53 and a 200-day moving average of $283.15. 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 one year low of $118.97 and a one year high of $386.46.

Onto Innovation (NYSE:ONTO - Get Free Report) last released its earnings results on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.24. The company had revenue of $343.13 million for the quarter, compared to analysts' expectations of $325.29 million. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%. The firm's quarterly revenue was up 35.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.25 EPS. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. As a group, analysts expect that Onto Innovation Inc. will post 8.04 EPS for the current year.

Onto Innovation Company Profile

Onto Innovation Inc NYSE: ONTO develops process control, inspection, metrology and lithography solutions for the semiconductor and advanced packaging industries. Its technologies help chip manufacturers monitor and control production processes, identify defects and improve yields during the fabrication of integrated circuits and other electronic components.

The company's product portfolio includes optical and materials metrology systems, wafer and macro-defect inspection equipment, lithography systems, software and data-analysis tools, and solutions for semiconductor packaging and related applications.

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