Wellington Management Group LLP Lowers Stock Holdings in Onto Innovation Inc. $ONTO

Wellington Management Group LLP lowered its position in Onto Innovation Inc. (NYSE:ONTO) by 0.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 539,314 shares of the semiconductor company’s stock after selling 4,578 shares during the period. Wellington Management Group LLP owned about 1.10% of Onto Innovation worth $204,103,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of ONTO. Fiduciary Financial Advisors purchased a new position in shares of Onto Innovation in the second quarter valued at about $25,000. Root Financial Partners LLC grew its position in shares of Onto Innovation by 71.2% during the fourth quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 74 shares in the last quarter. Transamerica Financial Advisors LLC grew its position in shares of Onto Innovation by 188.5% during the fourth quarter. Transamerica Financial Advisors LLC now owns 176 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 115 shares in the last quarter. Millstone Evans Group LLC raised its stake in Onto Innovation by 147.8% during the 1st quarter. Millstone Evans Group LLC now owns 166 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 99 shares during the period. Finally, CoreCap Advisors LLC bought a new stake in Onto Innovation during the 2nd quarter valued at approximately $38,000. 98.35% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ONTO has been the topic of a number of research analyst reports. B. Riley Financial reissued a “buy” rating on shares of Onto Innovation in a report on Friday, August 7th. Needham & Company LLC lifted their price objective on shares of Onto Innovation from $330.00 to $360.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Cantor Fitzgerald boosted their target price on shares of Onto Innovation from $350.00 to $410.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Zacks Research upgraded shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Finally, Evercore reaffirmed an “outperform” rating and set a $390.00 target price on shares of Onto Innovation in a research note on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Onto Innovation presently has a consensus rating of “Buy” and a consensus target price of $380.30.

Onto Innovation Price Performance

Shares of Onto Innovation stock opened at $266.67 on Tuesday. The stock has a 50 day moving average of $299.13 and a 200 day moving average of $267.25. Onto Innovation Inc. has a 12 month low of $101.00 and a 12 month high of $386.46. The firm has a market cap of $13.09 billion, a PE ratio of 100.25, a PEG ratio of 0.90 and a beta of 1.59. The company has a current ratio of 9.73, a quick ratio of 8.33 and a debt-to-equity ratio of 0.77.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share for the quarter, beating 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 business had revenue of $343.13 million during the quarter, compared to analysts’ expectations of $325.29 million. During the same quarter last year, the business posted $1.25 EPS. The firm’s revenue for the quarter was up 35.3% compared to the same quarter last year. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. On average, research analysts expect that Onto Innovation Inc. will post 7.88 EPS for the current fiscal year.

Insider Activity at Onto Innovation

In related news, Director Susan D. Lynch sold 1,000 shares of the firm’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 transaction, the director directly owned 2,684 shares of the company’s stock, valued at approximately $811,373.20. This trade represents a 27.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company’s stock.

About Onto Innovation

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.