Ieq Capital LLC Invests $1.36 Million in Onto Innovation Inc. $ONTO

Ieq Capital LLC purchased a new stake in shares of Onto Innovation Inc. (NYSE:ONTO) during the second quarter, HoldingsChannel.com reports. The firm purchased 3,598 shares of the semiconductor company’s stock, valued at approximately $1,362,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Andar Capital Management HK Ltd purchased a new position in shares of Onto Innovation during the second quarter valued at approximately $69,000,000. BlackRock Inc. bought a new stake in Onto Innovation in the second quarter valued at $2,083,436,000. Wellington Management Group LLP increased its position in Onto Innovation by 1,217.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,398,995 shares of the semiconductor company’s stock valued at $180,778,000 after purchasing an additional 1,292,772 shares during the period. Franklin Resources Inc. increased its position in Onto Innovation by 21.4% during the 4th quarter. Franklin Resources Inc. now owns 1,353,001 shares of the semiconductor company’s stock valued at $213,585,000 after purchasing an additional 238,500 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Onto Innovation by 45.4% in the 4th quarter. Geode Capital Management LLC now owns 1,127,532 shares of the semiconductor company’s stock worth $178,024,000 after purchasing an additional 352,316 shares in the last quarter. Institutional investors own 98.35% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Freedom Capital raised shares of Onto Innovation to a “strong-buy” rating in a research note on Wednesday, June 17th. Jefferies Financial Group raised their price objective on shares of Onto Innovation from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, August 7th. B. Riley Financial reiterated a “buy” rating on shares of Onto Innovation in a report on Friday, August 7th. Needham & Company LLC lifted their price target on Onto Innovation from $330.00 to $360.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, Zacks Research upgraded Onto Innovation from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Two research 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, Onto Innovation has a consensus rating of “Buy” and an average price target of $380.30.

Insiders Place Their Bets

In other Onto Innovation news, Director Susan D. 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 completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by company insiders.

Onto Innovation Price Performance

Shares of ONTO opened at $291.69 on Thursday. The stock has a market cap of $14.31 billion, a PE ratio of 109.66, a price-to-earnings-growth ratio of 0.97 and a beta of 1.59. 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 Inc. has a fifty-two week low of $101.00 and a fifty-two week high of $386.46. The firm’s 50-day simple moving average is $302.83 and its two-hundred day simple moving average is $265.91.

Onto Innovation (NYSE:ONTO) last announced its earnings results on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter last year, the firm earned $1.25 earnings per share. The business’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. Analysts anticipate that Onto Innovation Inc. will post 7.88 earnings per share for the current fiscal year.

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.