4,100 Onto Innovation Inc. $ONTO Shares Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in Onto Innovation Inc. (NYSE:ONTO) by 24.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,950 shares of the semiconductor company’s stock after acquiring an additional 4,100 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Onto Innovation were worth $6,449,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Highland Investment Advisors LLC bought a new position in Onto Innovation in the 2nd quarter valued at $25,000. Fiduciary Financial Advisors acquired a new position in Onto Innovation in the second quarter worth $25,000. CoreCap Advisors LLC acquired a new position in Onto Innovation in the second quarter worth $38,000. Rakuten Securities Inc. bought a new stake in shares of Onto Innovation during the second quarter worth $40,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Onto Innovation during the second quarter worth $42,000. 98.35% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Onto Innovation

In related news, Director Susan D. Lynch sold 1,000 shares of the stock in a transaction that occurred 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 directly owned 2,684 shares of the company’s stock, valued at approximately $811,373.20. This represents a 27.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director David Miller sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $300.00, for a total transaction of $600,000.00. Following the sale, the director owned 10,692 shares in the company, valued at $3,207,600. This trade represents a 15.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by insiders.

Onto Innovation Stock Performance

ONTO stock opened at $200.99 on Friday. Onto Innovation Inc. has a twelve month low of $118.97 and a twelve month high of $386.46. The business’s fifty day moving average is $264.59 and its 200-day moving average is $260.03. The company has a quick ratio of 8.33, a current ratio of 9.73 and a debt-to-equity ratio of 0.77. The company has a market cap of $9.86 billion, a P/E ratio of 75.56, a price-to-earnings-growth ratio of 0.66 and a beta of 1.58.

Onto Innovation (NYSE:ONTO) last issued its earnings results on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.24. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%. The firm had revenue of $343.13 million for the quarter, compared to analysts’ expectations of $325.29 million. During the same quarter last year, the business earned $1.25 earnings per share. The company’s revenue was up 35.3% compared to the same quarter last year. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. Equities research analysts forecast that Onto Innovation Inc. will post 8.04 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Zacks Research upgraded Onto Innovation from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Needham & Company LLC upped their price target 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. B. Riley Financial reiterated a “buy” rating on shares of Onto Innovation in a research report on Friday, August 7th. Morgan Stanley decreased their price objective on shares of Onto Innovation from $383.00 to $360.00 and set an “overweight” rating on the stock in a report on Tuesday, September 8th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Onto Innovation in a research report on Tuesday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $380.00.

Onto Innovation Profile

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.