Wellington Management Group LLP Sells 4,578 Shares of Onto Innovation Inc. $ONTO

Wellington Management Group LLP trimmed its holdings in shares of Onto Innovation Inc. (NYSE:ONTO) by 0.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 539,314 shares of the semiconductor company’s stock after selling 4,578 shares during the quarter. Wellington Management Group LLP’s holdings in Onto Innovation were worth $204,103,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ONTO. Fiduciary Financial Advisors purchased a new position in Onto Innovation in the second quarter worth about $25,000. CoreCap Advisors LLC purchased a new stake in Onto Innovation during the second quarter valued at approximately $38,000. Rakuten Securities Inc. purchased a new stake in Onto Innovation during the second quarter valued at approximately $40,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Onto Innovation in the 2nd quarter valued at approximately $42,000. Finally, Harbor Investment Advisory LLC bought a new stake in shares of Onto Innovation in the 2nd quarter valued at approximately $47,000. Institutional investors own 98.35% of the company’s stock.

Wall Street Analysts Forecast Growth

ONTO has been the subject of a number of recent research reports. Wall Street Zen upgraded Onto Innovation from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Weiss Ratings upgraded Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 21st. Oppenheimer raised their price target on Onto Innovation from $370.00 to $450.00 and gave the stock an “outperform” rating in a research report on Monday, June 22nd. Jefferies Financial Group lifted their price objective on shares of Onto Innovation from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Finally, The Goldman Sachs Group initiated coverage on shares of Onto Innovation in a research report on Monday, August 17th. They set a “buy” rating and a $400.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Onto Innovation has an average rating of “Buy” and an average price target of $380.30.

Insider Buying and Selling

In other Onto Innovation news, Director Susan D. Lynch sold 1,000 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $302.30, for a total value of $302,300.00. Following the transaction, the director owned 2,684 shares of the company’s stock, valued at $811,373.20. This represents a 27.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by company insiders.

Onto Innovation Stock Down 1.5%

Shares of NYSE:ONTO opened at $266.67 on Tuesday. Onto Innovation Inc. has a 1 year low of $101.00 and a 1 year high of $386.46. The business has a 50 day simple moving average of $299.13 and a two-hundred day simple moving average of $267.25. The firm has a market capitalization of $13.09 billion, a PE ratio of 100.25, a price-to-earnings-growth ratio of 0.90 and a beta of 1.59. The company has a debt-to-equity ratio of 0.77, a current ratio of 9.73 and a quick ratio of 8.33.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share 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 firm had revenue of $343.13 million for the quarter, compared to the consensus estimate of $325.29 million. During the same period in the prior year, the business posted $1.25 earnings per share. 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. On average, equities analysts predict that Onto Innovation Inc. will post 7.88 EPS for the current year.

Onto Innovation 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.