Corient Private Wealth LP Makes New Investment in Onto Innovation Inc. $ONTO

Corient Private Wealth LP purchased a new stake in Onto Innovation Inc. (NYSE:ONTO) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 12,385 shares of the semiconductor company’s stock, valued at approximately $4,687,000.

A number of other hedge funds have also recently made changes to their positions in the company. Cetera Investment Advisers grew its position in Onto Innovation by 15.6% during the first quarter. Cetera Investment Advisers now owns 13,266 shares of the semiconductor company’s stock worth $2,720,000 after buying an additional 1,793 shares in the last quarter. Entropy Technologies LP purchased a new stake in shares of Onto Innovation in the 1st quarter valued at about $2,877,000. BlackRock Inc. purchased a new stake in shares of Onto Innovation in the 2nd quarter valued at about $2,083,436,000. Andar Capital Management HK Ltd purchased a new stake in shares of Onto Innovation in the 2nd quarter valued at about $69,000,000. Finally, Fideuram Asset Management Ireland dac bought a new stake in shares of Onto Innovation during the 4th quarter valued at about $1,583,000. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

Onto Innovation Price Performance

ONTO stock opened at $266.67 on Tuesday. The firm has a market cap of $13.09 billion, a P/E ratio of 100.25, a P/E/G ratio of 0.90 and a beta of 1.59. The firm’s fifty day moving average is $299.13 and its 200 day moving average is $267.25. Onto Innovation Inc. has a 52 week low of $101.00 and a 52 week high of $386.46. The company has a debt-to-equity ratio of 0.77, a quick ratio of 8.33 and a current ratio of 9.73.

Onto Innovation (NYSE:ONTO) last posted 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 net margin of 11.84% and a return on equity of 13.44%. The business had revenue of $343.13 million during the quarter, compared to the consensus estimate of $325.29 million. During the same period in the previous year, the firm posted $1.25 earnings per share. The firm’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. Research analysts predict that Onto Innovation Inc. will post 7.88 earnings per share for the current year.

Insider Activity at Onto Innovation

In other news, Director Susan D. Lynch sold 1,000 shares of Onto Innovation stock in a transaction dated 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 in the company, valued at approximately $811,373.20. The trade was a 27.14% decrease in their ownership of the stock. The transaction 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. Corporate insiders own 0.51% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Freedom Capital raised Onto Innovation to a “strong-buy” rating in a report on Wednesday, June 17th. B. Riley Financial reaffirmed a “buy” rating on shares of Onto Innovation in a research note on Friday, August 7th. Cantor Fitzgerald lifted their target price on shares of Onto Innovation from $350.00 to $410.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. The Goldman Sachs Group initiated coverage on shares of Onto Innovation in a research note on Monday, August 17th. They issued a “buy” rating and a $400.00 price target for the company. Finally, Zacks Research raised shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target 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.