Ieq Capital LLC Acquires New Stake in Onto Innovation Inc. $ONTO

Ieq Capital LLC bought a new position in shares of Onto Innovation Inc. (NYSE:ONTO) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,598 shares of the semiconductor company’s stock, valued at approximately $1,362,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. CoreCap Advisors LLC bought a new position in shares of Onto Innovation in the second quarter worth approximately $38,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Onto Innovation during the second quarter valued at approximately $42,000. Harbor Investment Advisory LLC purchased a new position in Onto Innovation in the 2nd quarter worth approximately $47,000. Millstone Evans Group LLC grew its stake in Onto Innovation by 147.8% in the 1st quarter. Millstone Evans Group LLC now owns 166 shares of the semiconductor company’s stock worth $34,000 after buying an additional 99 shares in the last quarter. Finally, Transamerica Financial Advisors LLC increased its holdings 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. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Onto Innovation Price Performance

Shares of NYSE:ONTO opened at $291.69 on Thursday. The company has a quick ratio of 8.33, a current ratio of 9.73 and a debt-to-equity ratio of 0.77. The stock has a market cap of $14.31 billion, a PE ratio of 109.66, a PEG ratio of 0.97 and a beta of 1.59. The company’s fifty day moving average is $302.83 and its 200 day moving average is $265.91. Onto Innovation Inc. has a 52 week low of $101.00 and a 52 week high of $386.46.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings results 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. 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 during the quarter, compared to analyst estimates of $325.29 million. During the same period in the prior year, the business posted $1.25 earnings per share. The company’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. Research analysts anticipate that Onto Innovation Inc. will post 7.88 earnings per share for the current year.

Insider Transactions at Onto Innovation

In other Onto Innovation news, Director Susan D. Lynch sold 1,000 shares of Onto Innovation 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 directly owned 2,684 shares of the company’s stock, valued at $811,373.20. The trade was a 27.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ONTO shares. Morgan Stanley reiterated an “overweight” rating and issued a $383.00 target price on shares of Onto Innovation in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft began coverage on Onto Innovation in a research note on Friday, June 5th. They set a “buy” rating and a $350.00 price target for the company. The Goldman Sachs Group initiated coverage on Onto Innovation in a report on Monday, August 17th. They issued a “buy” rating and a $400.00 price objective for the company. Oppenheimer increased their price objective on Onto Innovation from $370.00 to $450.00 and gave the company an “outperform” rating in a research report on Monday, June 22nd. Finally, B. Riley Financial restated a “buy” rating 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, ten have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $380.30.

Onto Innovation 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.