2,646 Shares in Onto Innovation Inc. $ONTO Bought by PCM Encore LLC

PCM Encore LLC purchased a new stake in Onto Innovation Inc. (NYSE:ONTO) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,646 shares of the semiconductor company’s stock, valued at approximately $1,001,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC increased its stake in Onto Innovation by 361.2% in the fourth quarter. CWM LLC now owns 20,068 shares of the semiconductor company’s stock valued at $3,168,000 after acquiring an additional 15,717 shares during the last quarter. Cetera Investment Advisers raised its position in Onto Innovation by 15.6% during the first quarter. Cetera Investment Advisers now owns 13,266 shares of the semiconductor company’s stock valued at $2,720,000 after purchasing an additional 1,793 shares in the last quarter. Entropy Technologies LP bought a new stake in Onto Innovation during the first quarter worth $2,877,000. Andar Capital Management HK Ltd bought a new stake in Onto Innovation during the second quarter worth $69,000,000. Finally, M&T Bank Corp boosted its holdings in shares of Onto Innovation by 11,228.9% in the 4th quarter. M&T Bank Corp now owns 341,112 shares of the semiconductor company’s stock valued at $53,848,000 after purchasing an additional 338,101 shares in the last quarter. Institutional investors own 98.35% of the company’s stock.

Onto Innovation Stock Performance

NYSE ONTO opened at $298.38 on Friday. The firm’s fifty day moving average price is $305.52 and its two-hundred day moving average price is $263.22. The stock has a market cap of $14.64 billion, a PE ratio of 112.17, a PEG 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. Onto Innovation Inc. has a fifty-two week low of $101.00 and a fifty-two week high of $386.46.

Onto Innovation (NYSE:ONTO) 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. 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 during the quarter, compared to analysts’ expectations of $325.29 million. During the same period in the prior year, the company earned $1.25 EPS. Onto Innovation’s revenue 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. On average, equities analysts expect that Onto Innovation Inc. will post 7.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ONTO. Evercore reiterated an “outperform” rating and issued a $390.00 price target on shares of Onto Innovation in a research note on Friday, August 7th. Needham & Company LLC raised their price objective on Onto Innovation from $330.00 to $360.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft started coverage on Onto Innovation in a research report on Friday, June 5th. They issued a “buy” rating and a $350.00 target price on the stock. Oppenheimer boosted their target price on Onto Innovation from $370.00 to $450.00 and gave the stock an “outperform” rating in a research note on Monday, June 22nd. Finally, Freedom Capital raised shares of Onto Innovation to a “strong-buy” rating in a report on Wednesday, June 17th. 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 a consensus rating of “Buy” and a consensus target price of $380.30.

About Onto Innovation

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.