Insider Selling: Onto Innovation (NYSE:ONTO) Director Sells $302,300.00 in Stock

Onto Innovation Inc. (NYSE:ONTO) Director Susan Lynch sold 1,000 shares of Onto Innovation stock in a transaction on Friday, August 21st. The stock was sold at an average price of $302.30, for a total transaction of $302,300.00. Following the transaction, the director directly owned 2,684 shares in the company, valued at approximately $811,373.20. This represents a 27.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Onto Innovation Price Performance

ONTO opened at $293.12 on Friday. 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 Inc. has a 12 month low of $101.00 and a 12 month high of $386.46. The company has a fifty day simple moving average of $302.02 and a 200 day simple moving average of $266.50. The stock has a market cap of $14.38 billion, a P/E ratio of 110.20, a P/E/G ratio of 0.97 and a beta of 1.59.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.93 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $325.29 million. During the same quarter last year, the business posted $1.25 EPS. The firm’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, research analysts expect that Onto Innovation Inc. will post 7.88 EPS for the current year.

Hedge Funds Weigh In On Onto Innovation

Several hedge funds have recently made changes to their positions in the business. Fiduciary Financial Advisors bought a new stake in shares of Onto Innovation in the second quarter worth $25,000. Highland Investment Advisors LLC bought a new position in Onto Innovation in the second quarter valued at $25,000. Root Financial Partners LLC grew its position in Onto Innovation by 71.2% in the fourth quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 74 shares in the last quarter. Transamerica Financial Advisors LLC increased its stake in Onto Innovation by 188.5% in the 4th quarter. Transamerica Financial Advisors LLC now owns 176 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 115 shares during the last quarter. Finally, Millstone Evans Group LLC increased its stake in Onto Innovation by 147.8% in the 1st quarter. Millstone Evans Group LLC now owns 166 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 99 shares during the last quarter. 98.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ONTO. Evercore reissued an “outperform” rating and set a $390.00 target price on shares of Onto Innovation in a research note on Friday, August 7th. Weiss Ratings upgraded shares of Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 21st. Deutsche Bank Aktiengesellschaft began coverage on shares of Onto Innovation in a research report on Friday, June 5th. They issued a “buy” rating and a $350.00 price objective on the stock. Needham & Company LLC upped their target price on shares of Onto Innovation from $330.00 to $360.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Onto Innovation in a report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target 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.