Hsbc Holdings PLC Purchases New Position in Onto Innovation Inc. $ONTO

Hsbc Holdings PLC acquired a new position in shares of Onto Innovation Inc. (NYSE:ONTO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,210 shares of the semiconductor company’s stock, valued at approximately $2,364,000.

Other hedge funds also recently modified their holdings of the company. EFG International AG acquired a new position in shares of Onto Innovation in the 2nd quarter worth approximately $11,817,000. Palisade Capital Management LP acquired a new stake in Onto Innovation during the 2nd quarter valued at $19,874,000. Canada Pension Plan Investment Board bought a new position in Onto Innovation in the 2nd quarter valued at $7,645,000. Nicholas Investment Partners LP bought a new position in Onto Innovation in the 2nd quarter valued at $11,335,000. Finally, Legal & General Group Plc bought a new position in Onto Innovation in the 2nd quarter valued at $26,378,000. Institutional investors and hedge funds own 98.35% of the company’s stock.

Onto Innovation Stock Performance

Shares of ONTO stock opened at $270.85 on Monday. Onto Innovation Inc. has a one year low of $101.00 and a one year high of $386.46. The company has a debt-to-equity ratio of 0.77, a current ratio of 9.73 and a quick ratio of 8.33. The stock has a market cap of $13.29 billion, a PE ratio of 101.82, a price-to-earnings-growth ratio of 0.90 and a beta of 1.59. The stock has a 50-day moving average of $300.77 and a 200-day moving average of $266.90.

Onto Innovation (NYSE:ONTO) last posted its earnings results on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.24. The company 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%. The business’s revenue for the quarter was up 35.3% compared to the same quarter last year. During the same period last year, the business posted $1.25 earnings per share. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. As a group, sell-side analysts expect that Onto Innovation Inc. will post 7.88 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on ONTO. Wall Street Zen upgraded Onto Innovation from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. B. Riley Financial reiterated a “buy” rating on shares of Onto Innovation in a research report on Friday, August 7th. Cantor Fitzgerald upped their target price on shares of Onto Innovation from $350.00 to $410.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Morgan Stanley reissued an “overweight” rating and set a $383.00 price target on shares of Onto Innovation in a research note on Friday, August 7th. Finally, 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 report on Monday, June 22nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $380.30.

Insider Buying and Selling

In other Onto Innovation news, Director Susan D. Lynch sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $302.30, for a total transaction of $302,300.00. Following the sale, the director directly owned 2,684 shares in the company, valued at approximately $811,373.20. This trade represents a 27.14% decrease in their position. 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. Company insiders own 0.51% of the company’s stock.

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.