The Manufacturers Life Insurance Company Makes New $83.58 Million Investment in Onto Innovation Inc. $ONTO

The Manufacturers Life Insurance Company acquired a new position in Onto Innovation Inc. (NYSE:ONTO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 220,852 shares of the semiconductor company’s stock, valued at approximately $83,581,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ONTO. Fiduciary Financial Advisors acquired a new stake in Onto Innovation during the second quarter worth approximately $25,000. Root Financial Partners LLC lifted its stake in Onto Innovation by 71.2% in the fourth quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 74 shares during the period. Transamerica Financial Advisors LLC boosted its holdings in shares of Onto Innovation by 188.5% during the 4th quarter. Transamerica Financial Advisors LLC now owns 176 shares of the semiconductor company’s stock worth $28,000 after buying an additional 115 shares in the last quarter. Millstone Evans Group LLC boosted its holdings in shares of Onto Innovation by 147.8% during the 1st quarter. Millstone Evans Group LLC now owns 166 shares of the semiconductor company’s stock worth $34,000 after buying an additional 99 shares in the last quarter. Finally, CoreCap Advisors LLC acquired a new stake in shares of Onto Innovation during the 2nd quarter worth approximately $38,000. 98.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Freedom Capital upgraded shares of Onto Innovation to a “strong-buy” rating in a research report on Wednesday, June 17th. Zacks Research upgraded shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft started coverage on shares of Onto Innovation in a research note on Friday, June 5th. They issued a “buy” rating and a $350.00 price target for the company. Oppenheimer increased their price objective on shares of Onto Innovation from $370.00 to $450.00 and gave the stock an “outperform” rating in a research report on Monday, June 22nd. Finally, B. Riley Financial restated a “buy” rating on shares of Onto Innovation in a research note on Friday, August 7th. Two investment 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 stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $380.30.

Insider Activity at Onto Innovation

In related news, Director Susan D. Lynch sold 1,000 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $302.30, for a total value of $302,300.00. Following the sale, the director owned 2,684 shares in the company, valued at $811,373.20. This represents a 27.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by insiders.

Onto Innovation Stock Performance

NYSE ONTO opened at $292.38 on Wednesday. The company has a fifty day simple moving average of $303.38 and a 200 day simple moving average of $265.18. Onto Innovation Inc. has a 12-month low of $101.00 and a 12-month high of $386.46. The company has a current ratio of 9.73, a quick ratio of 8.33 and a debt-to-equity ratio of 0.77. The company has a market cap of $14.35 billion, a P/E ratio of 109.92, a PEG ratio of 0.94 and a beta of 1.59.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings data 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 firm had revenue of $343.13 million for the quarter, compared to the consensus estimate of $325.29 million. During the same quarter in the prior year, the company posted $1.25 earnings per share. The business’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. Sell-side analysts predict that Onto Innovation Inc. will post 7.88 earnings per share for the current fiscal year.

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.