Onto Innovation (NYSE:ONTO) Director Susan Lynch Sells 1,000 Shares

Onto Innovation Inc. (NYSE:ONTO) Director Susan Lynch sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $302.30, for a total value of $302,300.00. Following the sale, the director owned 2,684 shares of the company’s stock, valued at $811,373.20. This represents a 27.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Onto Innovation Trading Up 3.3%

NYSE:ONTO opened at $292.38 on Wednesday. The stock has a market cap of $14.35 billion, a price-to-earnings ratio of 109.92, a price-to-earnings-growth ratio of 0.94 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 debt-to-equity ratio of 0.77, a quick ratio of 8.33 and a current ratio of 9.73. The business’s 50-day simple moving average is $303.38 and its 200 day simple moving average is $265.18.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.24. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%.The firm had revenue of $343.13 million during the quarter, compared to analyst estimates of $325.29 million. During the same quarter last year, the firm earned $1.25 EPS. Onto Innovation’s quarterly 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. As a group, sell-side analysts predict that Onto Innovation Inc. will post 7.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Onto Innovation

Several large investors have recently added to or reduced their stakes in ONTO. Fiduciary Financial Advisors bought a new stake in Onto Innovation during the second quarter valued at $25,000. Highland Investment Advisors LLC bought a new position in shares of Onto Innovation in the 2nd quarter worth about $25,000. Root Financial Partners LLC lifted its position in shares of Onto Innovation by 71.2% in the 4th quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock worth $28,000 after buying an additional 74 shares during the last quarter. Transamerica Financial Advisors LLC lifted its position in shares of Onto Innovation by 188.5% in the 4th quarter. Transamerica Financial Advisors LLC now owns 176 shares of the semiconductor company’s stock worth $28,000 after buying an additional 115 shares during the last quarter. Finally, Millstone Evans Group LLC boosted its holdings in shares of Onto Innovation by 147.8% in the 1st quarter. Millstone Evans Group LLC now owns 166 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 99 shares during the period. 98.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ONTO shares. Freedom Capital upgraded shares of Onto Innovation to a “strong-buy” rating in a research note on Wednesday, June 17th. The Goldman Sachs Group started coverage on shares of Onto Innovation in a research note on Monday, August 17th. They set a “buy” rating and a $400.00 price objective on the stock. B. Riley Financial reissued a “buy” rating on shares of Onto Innovation in a research report on Friday, August 7th. Evercore restated an “outperform” rating and issued a $390.00 target price on shares of Onto Innovation in a research note on Friday, August 7th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $383.00 price target on shares of Onto Innovation in a research note on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $380.30.

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.