Integrated Wealth Concepts LLC Sells 3,896 Shares of Onto Innovation Inc. $ONTO

Integrated Wealth Concepts LLC trimmed its position in shares of Onto Innovation Inc. (NYSE:ONTO) by 18.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,532 shares of the semiconductor company’s stock after selling 3,896 shares during the period. Integrated Wealth Concepts LLC’s holdings in Onto Innovation were worth $6,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allworth Financial LP grew its holdings in shares of Onto Innovation by 3.9% in the second quarter. Allworth Financial LP now owns 987 shares of the semiconductor company’s stock valued at $374,000 after purchasing an additional 37 shares in the last quarter. Parallel Advisors LLC raised its stake in Onto Innovation by 16.5% during the first quarter. Parallel Advisors LLC now owns 395 shares of the semiconductor company’s stock valued at $81,000 after purchasing an additional 56 shares in the last quarter. Kestra Advisory Services LLC raised its stake in Onto Innovation by 4.9% during the first quarter. Kestra Advisory Services LLC now owns 1,368 shares of the semiconductor company’s stock valued at $281,000 after purchasing an additional 64 shares in the last quarter. Highland Investment Advisors LLC purchased a new stake in Onto Innovation during the second quarter valued at $25,000. Finally, Fiduciary Financial Advisors bought a new position in Onto Innovation during the second quarter valued at $25,000. 98.35% of the stock is currently owned by institutional investors.

Onto Innovation Stock Up 4.5%

Shares of ONTO opened at $280.94 on Friday. The company has a market cap of $13.79 billion, a PE ratio of 105.62, a P/E/G ratio of 0.88 and a beta of 1.59. The business has a fifty day moving average of $287.29 and a 200 day moving average of $269.97. Onto Innovation Inc. has a 52-week low of $107.55 and a 52-week high of $386.46. The company has a quick ratio of 8.33, a current ratio of 9.73 and a debt-to-equity ratio of 0.77.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.93 EPS 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 company had revenue of $343.13 million during the quarter, compared to analyst estimates of $325.29 million. During the same period in the previous year, the firm earned $1.25 earnings per share. Onto Innovation’s quarterly 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. On average, sell-side analysts expect that Onto Innovation Inc. will post 8.04 EPS for the current year.

Insider Activity

In related news, Director Susan Lynch sold 1,000 shares of Onto Innovation stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $302.30, for a total transaction of $302,300.00. Following the completion of the transaction, the director directly owned 2,684 shares of the company’s stock, valued at approximately $811,373.20. The trade was a 27.14% decrease in their position. 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. Company insiders own 0.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wall Street Zen raised shares of Onto Innovation from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Jefferies Financial Group upped their target price on shares of Onto Innovation from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Freedom Capital raised shares of Onto Innovation to a “strong-buy” rating in a report on Wednesday, June 17th. B. Riley Financial reiterated a “buy” rating on shares of Onto Innovation in a research report on Friday, August 7th. Finally, Evercore reissued an “outperform” rating and set a $390.00 price objective on shares of Onto Innovation in a research note on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $378.00.

Onto Innovation Company Profile

Onto Innovation Inc (NYSE:ONTO) develops process control, inspection, metrology and lithography systems used in the semiconductor and advanced packaging industries. Its technologies help chip manufacturers monitor and improve processes throughout wafer fabrication, packaging and other stages of production.

The company’s products include optical metrology systems, wafer and macro-defect inspection tools, three-dimensional metrology solutions, lithography systems and process-control software.