Man Group plc Acquires Shares of 31,793 Onto Innovation Inc. $ONTO

Man Group plc acquired a new position in Onto Innovation Inc. (NYSE:ONTO) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 31,793 shares of the semiconductor company’s stock, valued at approximately $12,032,000. Man Group plc owned 0.06% of Onto Innovation as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Fiduciary Financial Advisors purchased a new position in Onto Innovation during the second quarter valued at $25,000. Root Financial Partners LLC raised its holdings in shares of Onto Innovation by 71.2% during 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 during the last quarter. Transamerica Financial Advisors LLC grew its holdings in shares of Onto Innovation by 188.5% in the fourth quarter. Transamerica Financial Advisors LLC now owns 176 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 115 shares during the period. Millstone Evans Group LLC grew its position in Onto Innovation by 147.8% during the first 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 period. Finally, CoreCap Advisors LLC bought a new position in Onto Innovation in the 2nd quarter worth $38,000. 98.35% of the stock is currently owned by institutional investors.

Onto Innovation Stock Up 0.4%

Shares of ONTO stock opened at $293.12 on Friday. Onto Innovation Inc. has a 1-year low of $101.00 and a 1-year high of $386.46. The company has a debt-to-equity ratio of 0.77, a current ratio of 9.73 and a quick ratio of 8.33. The company has a market cap of $14.38 billion, a price-to-earnings ratio of 110.20, a price-to-earnings-growth ratio of 0.97 and a beta of 1.59. The stock’s fifty day moving average price is $302.02 and its 200 day moving average price is $266.50.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.24. The company had revenue of $343.13 million during the quarter, compared to analysts’ expectations of $325.29 million. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%.The firm’s revenue was up 35.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.25 EPS. 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 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Susan D. Lynch sold 1,000 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $302.30, for a total transaction of $302,300.00. Following the completion of the sale, the director owned 2,684 shares of the company’s stock, valued at $811,373.20. The trade was a 27.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on ONTO. Zacks Research raised Onto Innovation from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Needham & Company LLC increased their target price on Onto Innovation from $330.00 to $360.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Morgan Stanley reissued an “overweight” rating and set a $383.00 price objective on shares of Onto Innovation in a research note on Friday, August 7th. Freedom Capital upgraded shares of Onto Innovation to a “strong-buy” rating in a research report on Wednesday, June 17th. Finally, Jefferies Financial Group raised their price target on Onto Innovation from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average 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.