Robeco Schweiz AG Sells 24,530 Shares of Onto Innovation Inc. $ONTO

Key Points

• Robeco Schweiz AG reduced its Onto Innovation stake by 16.7% in the third quarter, selling 24,530 shares and retaining 122,670 shares valued at approximately $37.8 million.
• Onto Innovation reported quarterly EPS of $1.93, beating estimates of $1.69, while revenue rose 35.3% year over year to $343.1 million. The company guided for third-quarter 2026 EPS of $2.18–$2.38.
• Analyst sentiment remains positive, with the stock carrying a consensus “Buy” rating and a $380 target price; institutional investors own 98.35% of outstanding shares.

Robeco Schweiz AG cut its position in Onto Innovation Inc. (NYSE:ONTO - Free Report) by 16.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 122,670 shares of the semiconductor company's stock after selling 24,530 shares during the quarter. Robeco Schweiz AG owned about 0.25% of Onto Innovation worth $37,760,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Highland Investment Advisors LLC bought a new stake in shares of Onto Innovation during the second quarter valued at about $25,000. Fiduciary Financial Advisors bought a new position in Onto Innovation in the 2nd quarter valued at about $25,000. CoreCap Advisors LLC acquired a new position in Onto Innovation during the 2nd quarter valued at about $38,000. Rakuten Securities Inc. acquired a new position in Onto Innovation during the 2nd quarter valued at about $40,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Onto Innovation during the 2nd quarter valued at about $42,000. 98.35% of the stock is currently owned by institutional investors.

Insider Transactions at Onto Innovation

In other Onto Innovation news, Director Susan Lynch sold 1,000 shares of the company's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $302.30, for a total transaction of $302,300.00. Following the completion of the sale, the director directly owned 2,684 shares of the company's stock, valued at approximately $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 through this hyperlink. 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 stock was sold at an average price of $300.00, for a total transaction of $600,000.00. Following the completion of the transaction, the director owned 10,692 shares of the company's stock, valued at approximately $3,207,600. The trade was a 15.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by corporate insiders.

Onto Innovation Price Performance

Shares of NYSE:ONTO opened at $198.17 on Friday. Onto Innovation Inc. has a one year low of $118.97 and a one year high of $386.46. The stock has a fifty day moving average of $273.94 and a 200-day moving average of $283.09. The company has a market capitalization of $9.73 billion, a PE ratio of 74.50, a price-to-earnings-growth ratio of 0.65 and a beta of 1.58. 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 (NYSE:ONTO - Get Free Report) last announced 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 company had revenue of $343.13 million for the quarter, compared to analyst estimates of $325.29 million. During the same period in the previous year, the firm earned $1.25 earnings per share. Onto Innovation's revenue for the quarter was up 35.3% compared to the same quarter last year. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. As a group, equities analysts anticipate that Onto Innovation Inc. will post 8.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ONTO. Cantor Fitzgerald restated an "overweight" rating on shares of Onto Innovation in a report on Tuesday. Royal Bank Of Canada started coverage on Onto Innovation in a report on Friday, October 2nd. They set an "outperform" rating and a $400.00 target price on the stock. Wall Street Zen upgraded shares of Onto Innovation from a "hold" rating to a "buy" rating in a research report on Sunday, August 9th. Weiss Ratings raised shares of Onto Innovation from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, August 21st. Finally, The Goldman Sachs Group initiated coverage on shares of Onto Innovation in a research report on Monday, August 17th. They set a "buy" rating and a $400.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Onto Innovation currently has an average rating of "Buy" and a consensus target price of $380.00.

Onto Innovation Company Profile

Onto Innovation Inc NYSE: ONTO develops process control and inspection equipment used by semiconductor manufacturers and advanced packaging companies. Its products help customers monitor, measure and improve manufacturing processes throughout the production of integrated circuits, wafers and packaged semiconductor devices.

The company offers optical metrology systems, wafer and macro-defect inspection tools, advanced packaging inspection and metrology solutions, lithography systems, and process control software.

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