Vontobel Holding Ltd. Buys 3,515 Shares of Onto Innovation Inc. $ONTO

Vontobel Holding Ltd. lifted its stake in shares of Onto Innovation Inc. (NYSE:ONTO) by 152.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,814 shares of the semiconductor company’s stock after purchasing an additional 3,515 shares during the period. Vontobel Holding Ltd.’s holdings in Onto Innovation were worth $1,790,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Onto Innovation in the second quarter valued at approximately $2,083,436,000. Paradigm Capital Management Inc. NY bought a new position in Onto Innovation in the 2nd quarter worth approximately $416,839,000. William Blair Investment Management LLC bought a new position in Onto Innovation in the 2nd quarter worth approximately $251,812,000. Bank of New York Mellon Corp bought a new position in Onto Innovation in the 2nd quarter worth approximately $162,052,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Onto Innovation by 4.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 677,502 shares of the semiconductor company’s stock worth $138,898,000 after buying an additional 28,137 shares in the last quarter. 98.35% of the stock is owned by institutional investors.

Insider Buying and Selling at Onto Innovation

In related news, Director Susan D. Lynch sold 1,000 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $302.30, for a total value of $302,300.00. Following the completion of the sale, the director owned 2,684 shares in the company, valued at $811,373.20. This represents a 27.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 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 sale, the director directly owned 10,692 shares in the company, valued at $3,207,600. The trade was a 15.76% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ONTO. B. Riley Financial reaffirmed a “buy” rating on shares of Onto Innovation in a report on Friday, August 7th. The Goldman Sachs Group initiated coverage on Onto Innovation in a research note on Monday, August 17th. They issued a “buy” rating and a $400.00 target price for the company. Needham & Company LLC lifted their target price on Onto Innovation from $330.00 to $360.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Morgan Stanley dropped their target price on Onto Innovation from $383.00 to $360.00 and set an “overweight” rating for the company in a research report on Tuesday, September 8th. Finally, Evercore reaffirmed an “outperform” rating and set a $390.00 price target on shares of Onto Innovation in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $380.00.

Onto Innovation Stock Up 2.6%

Shares of NYSE ONTO opened at $226.39 on Tuesday. The stock has a market cap of $11.11 billion, a P/E ratio of 39.91, a P/E/G ratio of 0.72 and a beta of 1.58. The firm has a 50 day moving average price of $283.70 and a 200 day moving average price of $283.71. 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 52-week low of $118.97 and a 52-week high of $386.46.

Onto Innovation (NYSE:ONTO) last issued its 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. The firm had revenue of $343.13 million during the quarter, compared to the consensus estimate of $325.29 million. Onto Innovation had a net margin of 11.84% and a return on equity of 13.44%. The business’s quarterly revenue was up 35.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.25 earnings per share. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. Analysts expect 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 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.