Sanctuary Advisors LLC Takes Position in Onto Innovation Inc. $ONTO

Sanctuary Advisors LLC acquired a new position in shares of Onto Innovation Inc. (NYSE:ONTO) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,963 shares of the semiconductor company’s stock, valued at approximately $1,500,000.

Other hedge funds have also bought and sold shares of the company. Root Financial Partners LLC increased its position in 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 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 fourth quarter. Transamerica Financial Advisors LLC now owns 176 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 115 shares during the last quarter. Millstone Evans Group LLC lifted its position in shares of Onto Innovation by 147.8% in the first 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 last quarter. CoreCap Advisors LLC bought a new position in shares of Onto Innovation during the 2nd quarter worth approximately $38,000. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of Onto Innovation by 109.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 245 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 128 shares during the period. 98.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Evercore restated an “outperform” rating and issued a $390.00 price target on shares of Onto Innovation in a research note on Friday, August 7th. Needham & Company LLC upped their price objective on shares of Onto Innovation from $330.00 to $360.00 and gave the company a “buy” rating in a report on Friday, August 7th. Wall Street Zen raised shares of Onto Innovation from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Jefferies Financial Group raised their target price on shares of Onto Innovation from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Finally, The Goldman Sachs Group initiated coverage on shares of Onto Innovation in a report on Monday, August 17th. They set a “buy” rating and a $400.00 target price for the company. 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. Based on data from MarketBeat.com, Onto Innovation presently has a consensus rating of “Buy” and an average price target of $380.30.

Insider Buying and Selling at Onto Innovation

In related news, Director Susan D. Lynch sold 1,000 shares of the business’s 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 completion of the sale, the director directly owned 2,684 shares in the company, valued at approximately $811,373.20. The trade was a 27.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Onto Innovation Stock Up 0.0%

ONTO opened at $291.69 on Thursday. 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 stock has a fifty day moving average of $302.83 and a 200-day moving average of $265.91. Onto Innovation Inc. has a fifty-two week low of $101.00 and a fifty-two week high of $386.46. The company has a market capitalization of $14.31 billion, a P/E ratio of 109.66, a P/E/G ratio of 0.97 and a beta of 1.59.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.24. The business had revenue of $343.13 million for the quarter, compared to analyst estimates of $325.29 million. Onto Innovation had a net margin of 11.84% and a return on equity of 13.44%. Onto Innovation’s revenue for the quarter was up 35.3% compared to the same quarter last year. During the same period last year, the firm earned $1.25 earnings per share. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. On average, equities analysts expect that Onto Innovation Inc. will post 7.88 EPS for the current year.

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.