WINTON GROUP Ltd Decreases Stake in Onto Innovation Inc. $ONTO

WINTON GROUP Ltd cut its holdings in shares of Onto Innovation Inc. (NYSE:ONTO) by 77.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 596 shares of the semiconductor company’s stock after selling 2,100 shares during the period. WINTON GROUP Ltd’s holdings in Onto Innovation were worth $226,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Baird Financial Group Inc. boosted its holdings in Onto Innovation by 8.5% in the second quarter. Baird Financial Group Inc. now owns 66,489 shares of the semiconductor company’s stock valued at $25,163,000 after purchasing an additional 5,227 shares during the last quarter. Allworth Financial LP increased its holdings in Onto Innovation by 3.9% during the 2nd quarter. Allworth Financial LP now owns 987 shares of the semiconductor company’s stock worth $374,000 after purchasing an additional 37 shares during the last quarter. Arizona State Retirement System increased its holdings in Onto Innovation by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 13,726 shares of the semiconductor company’s stock worth $5,195,000 after purchasing an additional 258 shares during the last quarter. Nykredit A S acquired a new position in shares of Onto Innovation in the 2nd quarter valued at approximately $692,000. Finally, Allianz Asset Management GmbH acquired a new position in shares of Onto Innovation in the 2nd quarter valued at approximately $263,000. 98.35% of the stock is owned by hedge funds and other institutional investors.

Onto Innovation Stock Performance

Shares of ONTO opened at $264.74 on Friday. The business’s fifty day moving average price is $282.08 and its 200 day moving average price is $271.08. Onto Innovation Inc. has a 12-month low of $118.97 and a 12-month high of $386.46. The stock has a market capitalization of $12.99 billion, a PE ratio of 99.53, a price-to-earnings-growth ratio of 0.82 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 released its earnings results on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.24. The firm had revenue of $343.13 million during the quarter, compared to analyst estimates of $325.29 million. Onto Innovation had a net margin of 11.84% and a return on equity of 13.44%. The firm’s revenue for the quarter was up 35.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.25 earnings per share. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. Equities research analysts forecast that Onto Innovation Inc. will post 8.04 EPS for the current year.

Insider Activity at Onto Innovation

In related news, Director Susan 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. This represents a 27.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Needham & Company LLC raised their price target on shares of Onto Innovation from $330.00 to $360.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Evercore reaffirmed an “outperform” rating and issued a $390.00 price target on shares of Onto Innovation in a report on Friday, August 7th. Jefferies Financial Group increased their price objective on shares of Onto Innovation from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Zacks Research raised shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Finally, B. Riley Financial reissued a “buy” rating on shares of Onto Innovation in a research report on Friday, August 7th. 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 data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $378.00.

Onto Innovation Profile

Onto Innovation Inc (NYSE:ONTO) develops process control, inspection, metrology and lithography systems used in the semiconductor and advanced packaging industries. Its technologies help chip manufacturers monitor and improve processes throughout wafer fabrication, packaging and other stages of production.

The company’s products include optical metrology systems, wafer and macro-defect inspection tools, three-dimensional metrology solutions, lithography systems and process-control software.