Quantinno Capital Management LP lifted its position in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 29.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,024 shares of the semiconductor company's stock after purchasing an additional 4,499 shares during the period. Quantinno Capital Management LP's holdings in Onto Innovation were worth $4,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Clough Capital Partners L P purchased a new position in shares of Onto Innovation during the 1st quarter valued at $1,811,000. Lazard Asset Management LLC increased its stake in Onto Innovation by 17.2% in the 1st quarter. Lazard Asset Management LLC now owns 48,728 shares of the semiconductor company's stock worth $9,993,000 after buying an additional 7,161 shares in the last quarter. Alua Capital Management LP purchased a new stake in Onto Innovation in the 1st quarter worth $27,012,000. Waverly Advisors LLC bought a new stake in Onto Innovation during the first quarter valued at about $268,000. Finally, Granahan Investment Management LLC lifted its position in shares of Onto Innovation by 1.0% in the first quarter. Granahan Investment Management LLC now owns 198,694 shares of the semiconductor company's stock valued at $40,746,000 after acquiring an additional 2,052 shares in the last quarter. 98.35% of the stock is currently owned by institutional investors.
Onto Innovation Trading Up 14.5%
ONTO opened at $307.78 on Friday. The stock has a 50-day moving average of $297.04 and a 200 day moving average of $256.05. Onto Innovation Inc. has a 12 month low of $93.50 and a 12 month high of $386.46. The firm has a market cap of $15.31 billion, a P/E ratio of 115.71, a P/E/G ratio of 1.10 and a beta of 1.59.
Onto Innovation (NYSE:ONTO - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.24. The business had revenue of $343.13 million for the quarter, compared to the consensus estimate of $325.29 million. Onto Innovation had a return on equity of 13.19% and a net margin of 11.84%.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 business posted $1.25 earnings per share. 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 7.14 earnings per share for the current fiscal year.
Key Headlines Impacting Onto Innovation
Here are the key news stories impacting Onto Innovation this week:
- Positive Sentiment: Q2 results beat expectations: Onto reported adjusted earnings of $1.93 per share versus the $1.69 consensus estimate, while revenue reached a record $343.1 million, up 35.3% year over year and above the $325.3 million expected. Profitability also improved, with gross profit up 50.1% and operating profit nearly doubling. Onto Innovation earnings report
- Positive Sentiment: Raised outlook significantly: Third-quarter EPS guidance of $2.18-$2.38 and revenue guidance of $380 million-$400 million are well above Wall Street estimates of $1.93 and $351.8 million, respectively. The stronger forecast supports expectations for accelerating near-term growth. Onto Innovation second-quarter results
- Positive Sentiment: AI and advanced packaging demand remain strong: Management said backlog exceeded $1.1 billion, with orders extending into 2027. Demand for advanced packaging equipment tied to AI chip production is strengthening the company’s visibility and second-half outlook. ONTO Q2 earnings call highlights
- Positive Sentiment: Analyst confidence increased: Needham raised its price target from $330 to $360 and maintained a Buy rating, reinforcing the positive reaction to the earnings and guidance. Analyst price target update
- Positive Sentiment: Industrywide catalyst: A proposed Tesla-SpaceX “Terafab” chip-manufacturing buildout could increase long-term demand for semiconductor inspection and metrology equipment from Onto and other suppliers. Tesla-SpaceX Terafab chip equipment outlook
Analyst Ratings Changes
A number of equities analysts have recently weighed in on ONTO shares. Evercore reaffirmed an "outperform" rating and issued a $390.00 price objective on shares of Onto Innovation in a research note on Friday. Jefferies Financial Group boosted their price target on Onto Innovation from $350.00 to $400.00 and gave the stock a "buy" rating in a report on Friday. Freedom Capital upgraded Onto Innovation to a "strong-buy" rating in a research note on Wednesday, June 17th. Stifel Nicolaus set a $350.00 price objective on shares of Onto Innovation and gave the company a "buy" rating in a report on Friday, April 17th. Finally, Zacks Research upgraded shares of Onto Innovation from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $378.11.
Get Our Latest Report on Onto Innovation
About Onto Innovation
(
Free Report)
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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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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