17,500 Shares in Onto Innovation Inc. $ONTO Acquired by Tairen Capital Ltd

Tairen Capital Ltd acquired a new stake in shares of Onto Innovation Inc. (NYSE:ONTO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 17,500 shares of the semiconductor company’s stock, valued at approximately $6,623,000. Onto Innovation makes up about 0.6% of Tairen Capital Ltd’s portfolio, making the stock its 27th biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Cetera Investment Advisers boosted its holdings in Onto Innovation by 15.6% in the first quarter. Cetera Investment Advisers now owns 13,266 shares of the semiconductor company’s stock worth $2,720,000 after purchasing an additional 1,793 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Onto Innovation during the 1st quarter worth about $2,877,000. Andar Capital Management HK Ltd bought a new stake in shares of Onto Innovation during the 2nd quarter worth about $69,000,000. BlackRock Inc. acquired a new position in shares of Onto Innovation during the 2nd quarter valued at about $2,083,436,000. Finally, Fideuram Asset Management Ireland dac bought a new position in shares of Onto Innovation in the 4th quarter valued at approximately $1,583,000. 98.35% of the stock is currently owned by institutional investors and hedge funds.

Onto Innovation Stock Performance

NYSE ONTO opened at $293.68 on Monday. Onto Innovation Inc. has a 1-year low of $101.00 and a 1-year high of $386.46. The company has a 50 day moving average of $304.92 and a 200-day moving average of $263.86. 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 firm has a market cap of $14.41 billion, a price-to-earnings ratio of 110.41, a PEG ratio of 0.98 and a beta of 1.59.

Onto Innovation (NYSE:ONTO) last announced its earnings results on Thursday, August 6th. The semiconductor company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.69 by $0.24. The business had revenue of $343.13 million for 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%.Onto Innovation’s revenue was up 35.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.25 EPS. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. On average, equities analysts forecast that Onto Innovation Inc. will post 7.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ONTO. Morgan Stanley reiterated an “overweight” rating and issued a $383.00 price objective on shares of Onto Innovation in a research note on Friday, August 7th. Cantor Fitzgerald increased their price objective on shares of Onto Innovation from $350.00 to $410.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. Zacks Research raised Onto Innovation from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft began coverage on Onto Innovation in a research report on Friday, June 5th. They set a “buy” rating and a $350.00 target price for the company. Finally, Jefferies Financial Group boosted their price target on Onto Innovation from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Two equities research 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $380.30.

Onto Innovation 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.