Insider Selling: Onto Innovation (NYSE:ONTO) Director Sells $600,000.00 in Stock

Onto Innovation Inc. (NYSE:ONTO) Director David Miller sold 2,000 shares of Onto Innovation stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $300.00, for a total transaction of $600,000.00. Following the sale, the director directly owned 10,692 shares in the company, valued at $3,207,600. The trade was a 15.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Onto Innovation Price Performance

ONTO stock opened at $327.49 on Friday. Onto Innovation Inc. has a 1 year low of $118.97 and a 1 year high of $386.46. The company has a market cap of $16.07 billion, a P/E ratio of 123.12, a PEG ratio of 1.07 and a beta of 1.58. The firm has a 50-day moving average of $282.63 and a 200 day moving average of $278.00. The company has a debt-to-equity ratio of 0.77, a current ratio of 9.73 and a quick ratio of 8.33.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $325.29 million. During the same period in the previous year, the firm posted $1.25 EPS. The business’s revenue was up 35.3% on a year-over-year basis. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. On average, sell-side analysts forecast that Onto Innovation Inc. will post 8.04 EPS for the current year.

Institutional Investors Weigh In On Onto Innovation

Several large investors have recently bought and sold shares of ONTO. Fiduciary Financial Advisors purchased a new stake in shares of Onto Innovation during the 2nd quarter valued at about $25,000. Highland Investment Advisors LLC purchased a new position in shares of Onto Innovation during the second quarter valued at approximately $25,000. Root Financial Partners LLC raised its holdings 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 valued at $28,000 after purchasing an additional 74 shares during the last quarter. Millstone Evans Group LLC lifted its position in Onto Innovation by 147.8% during the first 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 position in Onto Innovation during the second quarter valued at approximately $38,000. 98.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on ONTO. Needham & Company LLC increased their price target on shares of Onto Innovation from $330.00 to $360.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Oppenheimer boosted their price objective on shares of Onto Innovation from $370.00 to $450.00 and gave the stock an “outperform” rating in a research note on Monday, June 22nd. Weiss Ratings upgraded shares of Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 21st. Royal Bank Of Canada began coverage on shares of Onto Innovation in a research note on Friday. They set an “outperform” rating and a $400.00 target price for the company. Finally, Wall Street Zen upgraded shares of Onto Innovation from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $380.00.

About Onto Innovation

Onto Innovation Inc (NYSE: ONTO) develops process control, inspection, metrology and lithography solutions for the semiconductor and advanced packaging industries. Its technologies help chip manufacturers monitor and control production processes, identify defects and improve yields during the fabrication of integrated circuits and other electronic components.

The company’s product portfolio includes optical and materials metrology systems, wafer and macro-defect inspection equipment, lithography systems, software and data-analysis tools, and solutions for semiconductor packaging and related applications.