Onto Innovation Inc. $ONTO Shares Acquired by Van ECK Associates Corp

Key Points

• Van ECK Associates significantly increased its Onto Innovation stake by 1,967% in the second quarter, acquiring 39,576 additional shares for a total holding valued at approximately $15.7 million.
• Onto Innovation reported strong quarterly results, with EPS of $1.93 beating estimates of $1.69 and revenue rising 35.3% year over year to $343.1 million. The company issued third-quarter 2026 EPS guidance of $2.18–$2.38.
• Analyst sentiment remains positive: the stock has a consensus “Buy” rating and a $380.30 price target, although shares recently opened at $266.67, below their 52-day average of $299.13.

Van ECK Associates Corp increased its position in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) by 1,967.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 41,588 shares of the semiconductor company's stock after buying an additional 39,576 shares during the period. Van ECK Associates Corp owned about 0.08% of Onto Innovation worth $15,739,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers lifted its position in shares of Onto Innovation by 15.6% during the 1st quarter. Cetera Investment Advisers now owns 13,266 shares of the semiconductor company's stock worth $2,720,000 after purchasing an additional 1,793 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of Onto Innovation during the first quarter worth $2,877,000. BlackRock Inc. purchased a new position in Onto Innovation in the second quarter valued at $2,083,436,000. Andar Capital Management HK Ltd purchased a new position in Onto Innovation in the second quarter valued at $69,000,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in Onto Innovation in the fourth quarter valued at $1,583,000. Institutional investors and hedge funds own 98.35% of the company's stock.

Onto Innovation Price Performance

Shares of NYSE ONTO opened at $266.67 on Tuesday. The stock has a market cap of $13.09 billion, a P/E ratio of 100.25, a P/E/G ratio of 0.90 and a beta of 1.59. Onto Innovation Inc. has a twelve month low of $101.00 and a twelve month high of $386.46. The stock has a 50 day moving average of $299.13 and a two-hundred day moving average of $267.25. The company has a current ratio of 9.73, a quick ratio of 8.33 and a debt-to-equity ratio of 0.77.

Onto Innovation (NYSE:ONTO - Get Free Report) last announced its earnings results 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 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 company 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. On average, research analysts forecast that Onto Innovation Inc. will post 7.88 earnings per share for the current year.

Insider Buying and Selling

In other Onto Innovation news, Director Susan D. Lynch sold 1,000 shares of Onto Innovation stock in a transaction 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 in the company, valued at approximately $811,373.20. The trade was a 27.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company's stock.

Analysts Set New Price Targets

ONTO has been the subject of a number of recent analyst reports. Jefferies Financial Group lifted their price target on Onto Innovation from $350.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Freedom Capital upgraded Onto Innovation to a "strong-buy" rating in a report on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft started coverage on Onto Innovation in a research report on Friday, June 5th. They set a "buy" rating and a $350.00 target price on the stock. Weiss Ratings raised Onto Innovation from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, August 21st. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $383.00 price target on shares of Onto Innovation in a research note on Friday, August 7th. 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 data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $380.30.

Onto Innovation Company 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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