Onto Innovation Inc. $ONTO Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp raised its stake in Onto Innovation Inc. (NYSE:ONTO) by 1,967.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 41,588 shares of the semiconductor company’s stock after purchasing an additional 39,576 shares during the quarter. Van ECK Associates Corp’s holdings in Onto Innovation were worth $15,739,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ONTO. Parallel Advisors LLC raised its stake in shares of Onto Innovation by 16.5% during the first quarter. Parallel Advisors LLC now owns 395 shares of the semiconductor company’s stock worth $81,000 after purchasing an additional 56 shares during the last quarter. Kestra Advisory Services LLC grew its position in Onto Innovation by 4.9% in the 1st quarter. Kestra Advisory Services LLC now owns 1,368 shares of the semiconductor company’s stock valued at $281,000 after buying an additional 64 shares during the last quarter. Fiduciary Financial Advisors acquired a new position in Onto Innovation in the 2nd quarter valued at $25,000. Root Financial Partners LLC raised its position in Onto Innovation by 71.2% during the 4th 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. Finally, Smartleaf Asset Management LLC raised its position in Onto Innovation by 8.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,165 shares of the semiconductor company’s stock worth $186,000 after buying an additional 92 shares during the last quarter. Institutional investors and hedge funds own 98.35% of the company’s stock.

Insider Transactions at Onto Innovation

In other Onto Innovation news, Director Susan D. Lynch sold 1,000 shares of the business’s stock in a transaction on Friday, August 21st. The stock was 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. The trade was a 27.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ONTO. Jefferies Financial Group lifted their target price on shares of Onto Innovation from $350.00 to $400.00 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 report on Sunday, August 9th. Oppenheimer raised their price objective 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. Weiss Ratings raised Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 21st. Finally, B. Riley Financial reiterated a “buy” rating on shares of Onto Innovation in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Onto Innovation presently has a consensus rating of “Buy” and a consensus target price of $380.30.

Onto Innovation Trading Down 1.5%

Shares of ONTO opened at $266.67 on Tuesday. Onto Innovation Inc. has a twelve month low of $101.00 and a twelve month high of $386.46. The company has a current ratio of 9.73, a quick ratio of 8.33 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $13.09 billion, a P/E ratio of 100.25, a PEG ratio of 0.90 and a beta of 1.59. The firm’s 50-day moving average is $299.13 and its two-hundred day moving average is $267.25.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.93 EPS for the quarter, topping the consensus estimate 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 return on equity of 13.44% and a net margin of 11.84%.The company’s quarterly revenue was up 35.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.25 EPS. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. On average, research analysts predict that Onto Innovation Inc. will post 7.88 earnings per share for the current fiscal 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.