Silvant Capital Management LLC Purchases Shares of 6,715 Onto Innovation Inc. $ONTO

Key Points

• Silvant Capital Management initiated a position in Onto Innovation by purchasing 6,715 shares valued at approximately $2.54 million. Institutional investors collectively own 98.35% of the company, with several major funds also increasing or initiating positions.
• Analyst sentiment is broadly positive: Onto Innovation has a consensus “Buy” rating and an average price target of $380.30, although Weiss Ratings downgraded the stock within its hold category.
• Onto Innovation exceeded quarterly expectations, reporting $1.93 in EPS versus $1.69 expected and $343.13 million in revenue, up 35.3% year over year. The stock opened at $298.38, compared with a 52-week range of $101.00 to $386.46.

Silvant Capital Management LLC purchased a new position in shares of Onto Innovation Inc. (NYSE:ONTO - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 6,715 shares of the semiconductor company's stock, valued at approximately $2,541,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Andar Capital Management HK Ltd acquired a new position in Onto Innovation during the second quarter worth $69,000,000. BlackRock Inc. acquired a new stake in Onto Innovation in the second quarter valued at $2,083,436,000. Wellington Management Group LLP grew its position in shares of Onto Innovation by 1,217.0% in the 3rd quarter. Wellington Management Group LLP now owns 1,398,995 shares of the semiconductor company's stock valued at $180,778,000 after acquiring an additional 1,292,772 shares during the period. Franklin Resources Inc. grew its position in shares of Onto Innovation by 21.4% in the 4th quarter. Franklin Resources Inc. now owns 1,353,001 shares of the semiconductor company's stock valued at $213,585,000 after acquiring an additional 238,500 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Onto Innovation by 45.4% during the 4th quarter. Geode Capital Management LLC now owns 1,127,532 shares of the semiconductor company's stock worth $178,024,000 after purchasing an additional 352,316 shares during the last quarter. Institutional investors own 98.35% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ONTO. Weiss Ratings cut shares of Onto Innovation from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, August 7th. Cantor Fitzgerald lifted their price target on Onto Innovation from $350.00 to $410.00 and gave the stock an "overweight" rating in a report on Monday, June 29th. Freedom Capital upgraded Onto Innovation to a "strong-buy" rating in a research note on Wednesday, June 17th. Morgan Stanley restated an "overweight" rating and issued a $383.00 price objective on shares of Onto Innovation in a research note on Friday, August 7th. Finally, Zacks Research upgraded Onto Innovation from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Onto Innovation currently has a consensus rating of "Buy" and an average price target of $380.30.

Onto Innovation Stock Performance

NYSE ONTO opened at $298.38 on Friday. The stock has a market cap of $14.64 billion, a PE ratio of 112.17, a P/E/G ratio of 1.00 and a beta of 1.59. The company has a debt-to-equity ratio of 0.77, a quick ratio of 8.33 and a current ratio of 9.73. The firm has a 50-day moving average of $305.52 and a 200-day moving average of $263.22. Onto Innovation Inc. has a 52-week low of $101.00 and a 52-week high of $386.46.

Onto Innovation (NYSE:ONTO - Get Free Report) last announced its quarterly 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. The business had revenue of $343.13 million for the quarter, compared to analyst estimates of $325.29 million. Onto Innovation had a net margin of 11.84% and a return on equity of 13.44%. Onto Innovation's quarterly revenue was up 35.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.25 EPS. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. On average, sell-side analysts anticipate that Onto Innovation Inc. will post 7.88 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.

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