Onto Innovation Inc. $ONTO Shares Sold by Sterling Capital Management LLC

Sterling Capital Management LLC lessened its stake in Onto Innovation Inc. (NYSE:ONTO) by 76.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,175 shares of the semiconductor company’s stock after selling 3,899 shares during the quarter. Sterling Capital Management LLC’s holdings in Onto Innovation were worth $362,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Inspire Investing LLC grew its stake in shares of Onto Innovation by 20,572.7% in the 3rd quarter. Inspire Investing LLC now owns 2,274 shares of the semiconductor company’s stock valued at $700,000 after buying an additional 2,263 shares during the period. Root Financial Partners LLC acquired a new stake in Onto Innovation during the 3rd quarter worth approximately $79,000. Reyes Financial Architecture Inc. acquired a new position in Onto Innovation during the 3rd quarter worth $72,000. Axxcess Wealth Management LLC lifted its stake in Onto Innovation by 113.7% in the third quarter. Axxcess Wealth Management LLC now owns 1,603 shares of the semiconductor company’s stock worth $493,000 after acquiring an additional 853 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its position in shares of Onto Innovation by 8.5% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,130 shares of the semiconductor company’s stock worth $963,000 after purchasing an additional 244 shares during the last quarter. 98.35% of the stock is owned by hedge funds and other institutional investors.

Onto Innovation Price Performance

ONTO opened at $221.95 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 8.33 and a current ratio of 9.73. The company has a market capitalization of $10.89 billion, a P/E ratio of 40.45, a PEG ratio of 0.73 and a beta of 1.58. Onto Innovation Inc. has a 1-year low of $118.97 and a 1-year high of $386.46. The company has a 50-day moving average of $266.53 and a 200-day moving average of $259.98.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.93 EPS for the quarter, topping 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 firm had revenue of $343.13 million during the quarter, compared to the consensus estimate of $325.29 million. During the same quarter in the previous year, the company posted $1.25 earnings per share. The firm’s revenue was up 35.3% on a year-over-year basis. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. Equities analysts expect that Onto Innovation Inc. will post 8.04 EPS for the current fiscal year.

Insider Buying and Selling at Onto Innovation

In other Onto Innovation news, Director David Miller sold 2,000 shares of Onto Innovation stock in a transaction on Tuesday, September 29th. The shares were sold at an average price of $300.00, for a total transaction of $600,000.00. Following the completion of the sale, the director owned 10,692 shares of the company’s stock, valued at $3,207,600. This trade represents a 15.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Cantor Fitzgerald reiterated an “overweight” rating on shares of Onto Innovation in a research note on Tuesday, October 20th. Zacks Research raised Onto Innovation from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Royal Bank Of Canada assumed coverage on shares of Onto Innovation in a research note on Friday, October 2nd. They issued an “outperform” rating and a $400.00 target price for the company. 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 target for the company. Finally, Morgan Stanley decreased their price objective on shares of Onto Innovation from $383.00 to $360.00 and set an “overweight” rating for the company in a research note on Tuesday, September 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $380.00.

About Onto Innovation

Onto Innovation Inc (NYSE: ONTO) develops process control and inspection equipment used by semiconductor manufacturers and advanced packaging companies. Its products help customers monitor, measure and improve manufacturing processes throughout the production of integrated circuits, wafers and packaged semiconductor devices.

The company offers optical metrology systems, wafer and macro-defect inspection tools, advanced packaging inspection and metrology solutions, lithography systems, and process control software.