Onto Innovation Inc. $ONTO Stock Acquired by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH increased its stake in shares of Onto Innovation Inc. (NYSE:ONTO) by 6.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 135,605 shares of the semiconductor company’s stock after buying an additional 8,315 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Onto Innovation were worth $41,742,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Highland Investment Advisors LLC acquired a new position in shares of Onto Innovation in the second quarter worth $25,000. Fiduciary Financial Advisors purchased a new stake in Onto Innovation during the 2nd quarter worth about $25,000. CoreCap Advisors LLC acquired a new position in Onto Innovation in the 2nd quarter valued at about $38,000. Rakuten Securities Inc. acquired a new position in Onto Innovation in the 2nd quarter valued at about $40,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Onto Innovation in the 2nd quarter valued at about $42,000. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Insider Buying and Selling at Onto Innovation

In related news, Director David Miller sold 2,000 shares of Onto Innovation stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $300.00, for a total value of $600,000.00. Following the sale, the director directly owned 10,692 shares in the company, valued at $3,207,600. This trade represents a 15.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Susan D. Lynch sold 1,000 shares of the 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 owned 2,684 shares of the company’s stock, valued at $811,373.20. This represents a 27.14% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. The Goldman Sachs Group initiated coverage on shares of Onto Innovation in a research report on Monday, August 17th. They set a “buy” rating and a $400.00 target price on the stock. Oppenheimer boosted their price target on Onto Innovation from $370.00 to $450.00 and gave the company an “outperform” rating in a report on Monday, June 22nd. Jefferies Financial Group increased their price target on Onto Innovation from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Weiss Ratings raised Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Finally, Evercore reaffirmed an “outperform” rating and issued a $390.00 price objective on shares of Onto Innovation in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Onto Innovation currently has a consensus rating of “Buy” and an average target price of $380.00.

Onto Innovation Trading Down 8.7%

NYSE ONTO opened at $240.74 on Thursday. The firm has a market capitalization of $11.81 billion, a price-to-earnings ratio of 47.66, a PEG ratio of 0.86 and a beta of 1.58. The company has a debt-to-equity ratio of 0.77, a quick ratio of 8.33 and a current ratio of 9.73. Onto Innovation Inc. has a one year low of $118.97 and a one year high of $386.46. The company’s 50 day moving average price is $287.53 and its 200 day moving average price is $283.15.

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, 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 the consensus estimate of $325.29 million. During the same period in the previous year, the firm earned $1.25 earnings per share. Onto Innovation’s revenue for the quarter was up 35.3% on a year-over-year basis. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. On average, sell-side analysts predict that Onto Innovation Inc. will post 8.04 EPS for the current year.

Onto Innovation Company Profile

Onto Innovation Inc (NYSE: ONTO) develops process control, inspection, metrology and lithography solutions for the semiconductor and advanced packaging industries. Its technologies help chip manufacturers monitor and control production processes, identify defects and improve yields during the fabrication of integrated circuits and other electronic components.

The company’s product portfolio includes optical and materials metrology systems, wafer and macro-defect inspection equipment, lithography systems, software and data-analysis tools, and solutions for semiconductor packaging and related applications.