Northwestern Mutual Wealth Management Co. Purchases Shares of 178,938 Onto Innovation Inc. $ONTO

Northwestern Mutual Wealth Management Co. purchased a new stake in Onto Innovation Inc. (NYSE:ONTO) during the second quarter, HoldingsChannel.com reports. The fund purchased 178,938 shares of the semiconductor company’s stock, valued at approximately $67,719,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Cetera Investment Advisers boosted its holdings 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 acquiring an additional 1,793 shares during the period. Entropy Technologies LP acquired a new stake in shares of Onto Innovation in the first quarter valued at about $2,877,000. Andar Capital Management HK Ltd bought a new position in shares of Onto Innovation in the second quarter worth about $69,000,000. BlackRock Inc. bought a new position in shares of Onto Innovation in the second quarter worth about $2,083,436,000. Finally, Fideuram Asset Management Ireland dac acquired a new position in shares of Onto Innovation during the 4th quarter worth about $1,583,000. 98.35% of the stock is currently owned by institutional investors and hedge funds.

Onto Innovation Stock Down 1.7%

ONTO stock opened at $293.68 on Friday. Onto Innovation Inc. has a twelve month low of $101.00 and a twelve month high of $386.46. The company has a market cap of $14.41 billion, a PE ratio of 110.41, a price-to-earnings-growth ratio of 0.98 and a beta of 1.59. The business’s 50-day simple moving average is $304.92 and its 200 day simple moving average is $263.43. The company has a quick ratio of 8.33, a current ratio of 9.73 and a debt-to-equity ratio of 0.77.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.24. The firm had revenue of $343.13 million for the quarter, compared to analyst estimates of $325.29 million. Onto Innovation had a return on equity of 13.44% 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 previous year, the company posted $1.25 earnings per share. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. On average, research analysts anticipate that Onto Innovation Inc. will post 7.88 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on ONTO. Wall Street Zen raised Onto Innovation from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Deutsche Bank Aktiengesellschaft assumed coverage on Onto Innovation in a research report on Friday, June 5th. They issued a “buy” rating and a $350.00 price objective for the company. 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. Oppenheimer boosted their target price on shares of Onto Innovation from $370.00 to $450.00 and gave the stock an “outperform” rating in a research report on Monday, June 22nd. Finally, Weiss Ratings raised shares of Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday. Two investment 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 company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $380.30.

Onto Innovation Company 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.