Onto Innovation (NYSE:ONTO) Director Sells 2,000 Shares of Stock

Key Points

• Director David Miller sold 2,000 Onto Innovation shares at an average price of $300, generating $600,000. The transaction, conducted under a Rule 10b5-1 plan, reduced his holdings by 15.76% to 10,692 shares.
• Onto Innovation shares rose 2.4% to $315.18, while the company recently exceeded quarterly earnings and revenue expectations. Revenue increased 35.3% year over year, and management provided third-quarter 2026 EPS guidance of $2.18 to $2.38.
• Analysts maintain a broadly positive view, with the stock carrying an average “Buy” rating and a $378 price target. Institutional investors own approximately 98.35% of Onto Innovation’s outstanding shares.

Onto Innovation Inc. (NYSE:ONTO - Get Free Report) Director David Miller sold 2,000 shares of Onto Innovation stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $300.00, for a total value of $600,000.00. Following the transaction, the director owned 10,692 shares in the company, valued at approximately $3,207,600. The trade was a 15.76% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Onto Innovation Trading Up 2.4%

NYSE ONTO traded up $7.36 on Thursday, reaching $315.18. 662,706 shares of the company were exchanged, compared to its average volume of 1,050,277. The company has a current ratio of 9.73, a quick ratio of 8.33 and a debt-to-equity ratio of 0.77. The business's fifty day moving average price is $281.04 and its 200 day moving average price is $276.77. The stock has a market capitalization of $15.47 billion, a P/E ratio of 118.49, a price-to-earnings-growth ratio of 1.00 and a beta of 1.59. Onto Innovation Inc. has a fifty-two week low of $118.97 and a fifty-two week high of $386.46.

Onto Innovation (NYSE:ONTO - Get Free Report) last issued 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 business had revenue of $343.13 million during the quarter, compared to the consensus estimate of $325.29 million. During the same period last year, the company earned $1.25 EPS. The company's revenue for the quarter was up 35.3% on a year-over-year basis. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. Analysts forecast that Onto Innovation Inc. will post 8.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

ONTO has been the topic of a number of analyst reports. Zacks Research raised shares of Onto Innovation from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft began coverage on shares of Onto Innovation in a research note on Friday, June 5th. They issued a "buy" rating and a $350.00 price target for the company. Evercore restated an "outperform" rating and set a $390.00 price target on shares of Onto Innovation in a report on Friday, August 7th. B. Riley Financial reaffirmed a "buy" rating on shares of Onto Innovation in a research report on Friday, August 7th. Finally, Needham & Company LLC upped their price objective on Onto Innovation from $330.00 to $360.00 and gave the company a "buy" rating in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $378.00.

Institutional Trading of Onto Innovation

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

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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