Onto Innovation Inc. $ONTO Shares Sold by Tidal Investments LLC

Tidal Investments LLC lessened its holdings in Onto Innovation Inc. (NYSE:ONTO) by 5.7% during the second quarter, HoldingsChannel.com reports. The fund owned 59,910 shares of the semiconductor company’s stock after selling 3,610 shares during the quarter. Tidal Investments LLC’s holdings in Onto Innovation were worth $22,673,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in ONTO. Allworth Financial LP increased its holdings in Onto Innovation by 3.9% in the 2nd quarter. Allworth Financial LP now owns 987 shares of the semiconductor company’s stock valued at $374,000 after purchasing an additional 37 shares in the last quarter. Parallel Advisors LLC lifted 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 in the last quarter. Kestra Advisory Services LLC lifted its stake in shares of Onto Innovation by 4.9% during the first quarter. Kestra Advisory Services LLC now owns 1,368 shares of the semiconductor company’s stock worth $281,000 after purchasing an additional 64 shares in the last quarter. Highland Investment Advisors LLC purchased a new stake in shares of Onto Innovation in the second quarter worth about $25,000. Finally, Fiduciary Financial Advisors purchased a new stake in shares of Onto Innovation in the second quarter worth about $25,000. Institutional investors and hedge funds own 98.35% of the company’s stock.

Insiders Place Their Bets

In other Onto Innovation news, Director Susan Lynch sold 1,000 shares of the business’s stock in a transaction 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 completion of the sale, the director owned 2,684 shares in the company, valued at $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 is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by insiders.

Onto Innovation Trading Down 3.2%

NYSE:ONTO opened at $269.44 on Friday. The company has a market cap of $13.22 billion, a PE ratio of 101.29, a P/E/G ratio of 0.91 and a beta of 1.59. The business’s 50 day moving average is $287.85 and its two-hundred day moving average is $269.89. The company has a quick ratio of 8.33, a current ratio of 9.73 and a debt-to-equity ratio of 0.77. Onto Innovation Inc. has a 52 week low of $107.36 and a 52 week high of $386.46.

Onto Innovation (NYSE:ONTO) last issued its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.24. The business had revenue of $343.13 million during the quarter, compared to the consensus estimate of $325.29 million. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%.The business’s quarterly revenue was up 35.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.25 EPS. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. On average, analysts predict that Onto Innovation Inc. will post 8.04 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Jefferies Financial Group raised their target price on Onto Innovation from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, August 7th. Cantor Fitzgerald upped their price target on Onto Innovation from $350.00 to $410.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. B. Riley Financial reiterated a “buy” rating on shares of Onto Innovation in a research note on Friday, August 7th. Needham & Company LLC boosted their target price on shares of Onto Innovation from $330.00 to $360.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Freedom Capital upgraded shares of Onto Innovation to a “strong-buy” rating in a research note on Wednesday, June 17th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $378.00.

Onto Innovation Profile

Onto Innovation Inc (NYSE:ONTO) develops process control, inspection, metrology and lithography systems used in the semiconductor and advanced packaging industries. Its technologies help chip manufacturers monitor and improve processes throughout wafer fabrication, packaging and other stages of production.

The company’s products include optical metrology systems, wafer and macro-defect inspection tools, three-dimensional metrology solutions, lithography systems and process-control software.