Onto Innovation Inc. $ONTO Stock Sold by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC lessened its stake in shares of Onto Innovation Inc. (NYSE:ONTO) by 31.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,041 shares of the semiconductor company’s stock after selling 3,276 shares during the period. Taylor Frigon Capital Management LLC’s holdings in Onto Innovation were worth $2,167,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ONTO. BlackRock Inc. acquired a new position in shares of Onto Innovation in the second quarter worth about $2,083,436,000. Paradigm Capital Management Inc. NY purchased a new position in shares of Onto Innovation in the second quarter worth approximately $416,839,000. William Blair Investment Management LLC purchased a new position in shares of Onto Innovation in the second quarter worth approximately $251,812,000. Bank of New York Mellon Corp acquired a new stake in shares of Onto Innovation during the second quarter valued at approximately $162,052,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Onto Innovation by 4.3% during the first quarter. Dimensional Fund Advisors LP now owns 677,502 shares of the semiconductor company’s stock valued at $138,898,000 after acquiring an additional 28,137 shares during the period. Institutional investors and hedge funds own 98.35% of the company’s stock.

Onto Innovation Stock Down 0.2%

ONTO stock opened at $198.17 on Friday. The company has a 50 day moving average of $273.94 and a two-hundred day moving average of $283.09. The company has a market cap of $9.73 billion, a price-to-earnings ratio of 74.50, a PEG ratio of 0.65 and a beta of 1.58. Onto Innovation Inc. has a 12-month low of $118.97 and a 12-month 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 results on Thursday, August 6th. The semiconductor company reported $1.93 EPS for the quarter, beating 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 business had revenue of $343.13 million for the quarter, compared to analysts’ expectations of $325.29 million. During the same period in the previous year, the company posted $1.25 EPS. Onto Innovation’s revenue 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, equities analysts anticipate that Onto Innovation Inc. will post 8.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ONTO has been the subject of a number of recent analyst reports. Royal Bank Of Canada assumed coverage on shares of Onto Innovation in a research note on Friday, October 2nd. They issued an “outperform” rating and a $400.00 price objective for the company. Needham & Company LLC lifted their price objective 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. Jefferies Financial Group increased their target price on Onto Innovation from $350.00 to $400.00 and gave the company a “buy” rating in a report 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, Cantor Fitzgerald reiterated an “overweight” rating on shares of Onto Innovation in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Onto Innovation currently has an average rating of “Buy” and an average target price of $380.00.

Insiders Place Their Bets

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 value of $302,300.00. Following the transaction, the director 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 filing with the SEC, which is accessible 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 shares were sold at an average price of $300.00, for a total transaction of $600,000.00. Following the transaction, the director directly owned 10,692 shares in the company, valued at approximately $3,207,600. The trade was a 15.76% 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. 0.51% of the stock is currently owned by company insiders.

About Onto Innovation

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.