Global Retirement Partners LLC Purchases Shares of 6,699 Onto Innovation Inc. $ONTO

Global Retirement Partners LLC acquired a new stake in shares of Onto Innovation Inc. (NYSE:ONTO) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,699 shares of the semiconductor company’s stock, valued at approximately $2,535,000.

Several other large investors have also modified their holdings of the stock. CWM LLC boosted its holdings in shares of Onto Innovation by 361.2% in the 4th quarter. CWM LLC now owns 20,068 shares of the semiconductor company’s stock valued at $3,168,000 after purchasing an additional 15,717 shares during the last quarter. Entropy Technologies LP purchased a new stake in shares of Onto Innovation during the 1st quarter valued at $2,877,000. Cetera Investment Advisers increased its holdings in shares of Onto Innovation by 15.6% during the 1st 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 during the last quarter. M&T Bank Corp increased its holdings in shares of Onto Innovation by 11,228.9% during the 4th quarter. M&T Bank Corp now owns 341,112 shares of the semiconductor company’s stock worth $53,848,000 after buying an additional 338,101 shares during the last quarter. Finally, Andar Capital Management HK Ltd purchased a new position in shares of Onto Innovation in the 2nd quarter worth $69,000,000. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

Onto Innovation Stock Up 0.1%

Shares of NYSE:ONTO opened at $331.94 on Monday. The company has a quick ratio of 8.33, a current ratio of 9.73 and a debt-to-equity ratio of 0.77. Onto Innovation Inc. has a 52-week low of $101.00 and a 52-week high of $386.46. The company has a 50 day moving average of $302.57 and a two-hundred day moving average of $260.21. The company has a market capitalization of $16.29 billion, a price-to-earnings ratio of 124.79, a price-to-earnings-growth ratio of 1.11 and a beta of 1.59.

Onto Innovation (NYSE:ONTO) last posted its earnings results on Thursday, August 6th. The semiconductor company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.24. The business had revenue of $343.13 million for the quarter, compared to analysts’ expectations of $325.29 million. Onto Innovation had a net margin of 11.84% and a return on equity of 13.44%. The business’s revenue for the quarter was up 35.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.25 earnings per share. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. As a group, analysts forecast that Onto Innovation Inc. will post 7.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. B. Riley Financial reissued a “buy” rating on shares of Onto Innovation in a research report on Friday, August 7th. Cantor Fitzgerald raised their price objective on Onto Innovation from $350.00 to $410.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Morgan Stanley reaffirmed an “overweight” rating and issued a $383.00 price objective on shares of Onto Innovation in a research note on Friday, August 7th. Needham & Company LLC increased their target price 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. Finally, Jefferies Financial Group lifted their price target on shares of Onto Innovation from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Onto Innovation currently has an average rating of “Buy” and a consensus target price of $378.11.

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.