Legal & General Group Plc Acquires Shares of 69,700 Onto Innovation Inc. $ONTO

Legal & General Group Plc bought a new stake in shares of Onto Innovation Inc. (NYSE:ONTO) in the 2nd quarter, HoldingsChannel reports. The fund bought 69,700 shares of the semiconductor company’s stock, valued at approximately $26,378,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Fiduciary Financial Advisors bought a new stake in Onto Innovation in the second quarter worth about $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 purchasing an additional 74 shares during the last quarter. Transamerica Financial Advisors LLC lifted its stake in Onto Innovation by 188.5% in 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 during the last quarter. Millstone Evans Group LLC increased its position in Onto Innovation by 147.8% in the first quarter. Millstone Evans Group LLC now owns 166 shares of the semiconductor company’s stock worth $34,000 after buying an additional 99 shares during the last quarter. Finally, CoreCap Advisors LLC bought a new stake in shares of Onto Innovation in the second quarter valued at $38,000. 98.35% of the stock is owned by hedge funds and other institutional investors.

Onto Innovation Stock Down 7.4%

ONTO opened at $270.85 on Friday. The firm has a market capitalization of $13.29 billion, a P/E ratio of 101.82, a price-to-earnings-growth ratio of 0.90 and a beta of 1.59. Onto Innovation Inc. has a one year low of $101.00 and a one year high of $386.46. The company has a fifty day moving average price of $300.77 and a 200-day moving average price of $266.53. The company has a debt-to-equity ratio of 0.77, a current ratio of 9.73 and a quick ratio of 8.33.

Onto Innovation (NYSE:ONTO) last posted 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 analyst estimates of $325.29 million. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%.The firm’s quarterly revenue was up 35.3% on a year-over-year basis. During the same quarter last year, the company earned $1.25 earnings per share. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. Equities research analysts expect that Onto Innovation Inc. will post 7.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ONTO. Zacks Research upgraded Onto Innovation from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft began coverage on shares of Onto Innovation in a research note on Friday, June 5th. They issued a “buy” rating and a $350.00 target price for the company. Jefferies Financial Group upped their price target on shares of Onto Innovation from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, August 7th. The Goldman Sachs Group initiated coverage on Onto Innovation in a research report on Monday, August 17th. They set a “buy” rating and a $400.00 target price on the stock. Finally, Cantor Fitzgerald boosted their price objective on Onto Innovation from $350.00 to $410.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Onto Innovation has an average rating of “Buy” and a consensus 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 that occurred on Friday, August 21st. The shares were sold at an average price of $302.30, for a total value of $302,300.00. Following the transaction, the director directly owned 2,684 shares in the company, valued at approximately $811,373.20. This represents a 27.14% decrease in their ownership of the stock. The transaction 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 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.