Onto Innovation (NYSE:ONTO) Stock: Insider David Brian Miller Sells 2,000 Shares

Onto Innovation Inc. (NYSE:ONTO) Director David Miller sold 2,000 shares of the firm’s stock in a transaction on Tuesday, September 29th. The stock was sold at an average price of $300.00, for a total value of $600,000.00. Following the transaction, the director owned 10,692 shares of the company’s stock, valued at approximately $3,207,600. This represents a 15.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Onto Innovation Trading Up 2.4%

Shares of NYSE ONTO traded up $7.36 during trading on Thursday, reaching $315.18. The stock had a trading volume of 662,706 shares, compared to its average volume of 1,050,277. 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 company has a market cap of $15.47 billion, a P/E ratio of 118.49, a PEG ratio of 1.00 and a beta of 1.59. Onto Innovation Inc. has a fifty-two week low of $118.97 and a fifty-two week high of $386.46. The business’s 50-day moving average price is $281.04 and its 200-day moving average price is $276.77.

Onto Innovation (NYSE:ONTO) last posted its earnings results 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 return on equity of 13.44% and a net margin of 11.84%.The firm had revenue of $343.13 million for the quarter, compared to analyst estimates of $325.29 million. During the same quarter in the prior year, the company earned $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 research analysts predict that Onto Innovation Inc. will post 8.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Onto Innovation

Several hedge funds and other institutional investors have recently made changes to their positions in ONTO. QRG Capital Management Inc. raised its holdings in Onto Innovation by 21.9% in the second quarter. QRG Capital Management Inc. now owns 1,202 shares of the semiconductor company’s stock valued at $455,000 after acquiring an additional 216 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in Onto Innovation by 14.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 21,878 shares of the semiconductor company’s stock worth $8,280,000 after acquiring an additional 2,702 shares in the last quarter. Baird Financial Group Inc. grew its holdings in Onto Innovation by 8.5% during the 2nd quarter. Baird Financial Group Inc. now owns 66,489 shares of the semiconductor company’s stock worth $25,163,000 after acquiring an additional 5,227 shares in the last quarter. Allworth Financial LP increased its position in shares of Onto Innovation by 3.9% in the 2nd quarter. Allworth Financial LP now owns 987 shares of the semiconductor company’s stock valued at $374,000 after purchasing an additional 37 shares during the last quarter. Finally, Arizona State Retirement System increased its position in shares of Onto Innovation by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 13,726 shares of the semiconductor company’s stock valued at $5,195,000 after purchasing an additional 258 shares during the last quarter. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on ONTO shares. B. Riley Financial reissued a “buy” rating on shares of Onto Innovation in a research note on Friday, August 7th. The Goldman Sachs Group began coverage on shares of Onto Innovation in a research note on Monday, August 17th. They set a “buy” rating and a $400.00 target price on the stock. Weiss Ratings upgraded shares of Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 21st. Oppenheimer raised their price target on shares of Onto Innovation from $370.00 to $450.00 and gave the company an “outperform” rating in a research report on Monday, June 22nd. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Onto Innovation in a research note on Friday, June 5th. They issued a “buy” rating and a $350.00 price target for the company. 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. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $378.00.

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.