Sanctuary Advisors LLC Makes New Investment in Onto Innovation Inc. $ONTO

Sanctuary Advisors LLC bought a new stake in Onto Innovation Inc. (NYSE:ONTO) during the 2nd quarter, HoldingsChannel reports. The fund bought 3,963 shares of the semiconductor company’s stock, valued at approximately $1,500,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ONTO. Root Financial Partners LLC lifted its holdings in shares of Onto Innovation by 71.2% during the 4th quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 74 shares during the period. Transamerica Financial Advisors LLC raised its position in Onto Innovation by 188.5% during the fourth quarter. Transamerica Financial Advisors LLC now owns 176 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 115 shares in the last quarter. Millstone Evans Group LLC lifted its stake in Onto Innovation by 147.8% during the first quarter. Millstone Evans Group LLC now owns 166 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 99 shares during the last quarter. CoreCap Advisors LLC bought a new stake in Onto Innovation during the second quarter worth $38,000. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of Onto Innovation by 109.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 245 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 128 shares in the last quarter. 98.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Susan D. Lynch sold 1,000 shares of Onto Innovation stock in a transaction on Friday, August 21st. The shares were sold at an average price of $302.30, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Onto Innovation Price Performance

Onto Innovation stock opened at $291.69 on Thursday. The company has a market capitalization of $14.31 billion, a PE ratio of 109.66, a P/E/G ratio of 0.97 and a beta of 1.59. 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 stock has a 50-day moving average price of $302.83 and a two-hundred day moving average price of $265.91. Onto Innovation Inc. has a 12 month low of $101.00 and a 12 month high of $386.46.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.24. The company had revenue of $343.13 million during the quarter, compared to the consensus estimate of $325.29 million. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%.The firm’s revenue was up 35.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.25 earnings per share. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. Analysts expect that Onto Innovation Inc. will post 7.88 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Cantor Fitzgerald lifted their price target on Onto Innovation from $350.00 to $410.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. Freedom Capital raised Onto Innovation to a “strong-buy” rating in a research note on Wednesday, June 17th. Wall Street Zen upgraded Onto Innovation from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Jefferies Financial Group boosted their target price on Onto Innovation from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Onto Innovation in a report on Friday, June 5th. They issued a “buy” rating and a $350.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average 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.