Onto Innovation Inc. $ONTO Shares Newly Purchased by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. purchased a new position in Onto Innovation Inc. (NYSE:ONTO) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 5,000 shares of the semiconductor company’s stock, valued at approximately $1,539,000.

Other institutional investors have also modified their holdings of the company. Andar Capital Management HK Ltd purchased a new position in Onto Innovation in the second quarter valued at about $69,000,000. BlackRock Inc. purchased a new stake in Onto Innovation during the 2nd quarter worth approximately $2,083,436,000. Paradigm Capital Management Inc. NY acquired a new position in shares of Onto Innovation in the 2nd quarter valued at approximately $416,839,000. Dimensional Fund Advisors LP raised its position in shares of Onto Innovation by 4.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 677,502 shares of the semiconductor company’s stock valued at $138,898,000 after purchasing an additional 28,137 shares in the last quarter. Finally, William Blair Investment Management LLC acquired a new position in shares of Onto Innovation in the 2nd quarter valued at approximately $251,812,000. Institutional investors and hedge funds own 98.35% of the company’s stock.

Onto Innovation Trading Up 5.6%

NYSE:ONTO opened at $202.04 on Wednesday. The company has a quick ratio of 8.33, a current ratio of 9.73 and a debt-to-equity ratio of 0.77. The business’s 50 day moving average is $260.92 and its two-hundred day moving average is $260.00. Onto Innovation Inc. has a 52 week low of $118.97 and a 52 week high of $386.46. The company has a market cap of $9.91 billion, a PE ratio of 34.61, a P/E/G ratio of 0.63 and a beta of 1.66.

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.

Insiders Place Their Bets

In other Onto Innovation news, Director David Miller sold 2,000 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $3,207,600. This represents a 15.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Susan D. Lynch sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $302.30, for a total transaction of $302,300.00. Following the completion of the transaction, the director 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ONTO shares. Zacks Research upgraded Onto Innovation from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Jefferies Financial Group lifted their price target 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. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Onto Innovation in a report on Tuesday, October 20th. Morgan Stanley reduced their price objective on shares of Onto Innovation from $383.00 to $360.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 8th. Finally, Needham & Company LLC raised their price objective on shares of Onto Innovation from $330.00 to $360.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $380.00.

About Onto Innovation

Onto Innovation Inc (NYSE: ONTO) develops process control and inspection equipment used by semiconductor manufacturers and advanced packaging companies. Its products help customers monitor, measure and improve manufacturing processes throughout the production of integrated circuits, wafers and packaged semiconductor devices.

The company offers optical metrology systems, wafer and macro-defect inspection tools, advanced packaging inspection and metrology solutions, lithography systems, and process control software.