Onto Innovation Inc. $ONTO Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its position in Onto Innovation Inc. (NYSE:ONTO) by 13.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 16,500 shares of the semiconductor company’s stock after purchasing an additional 1,900 shares during the period. Handelsbanken Fonder AB’s holdings in Onto Innovation were worth $6,244,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ONTO. Wellington Management Group LLP raised its position in shares of Onto Innovation by 1,217.0% during the 3rd quarter. Wellington Management Group LLP now owns 1,398,995 shares of the semiconductor company’s stock valued at $180,778,000 after buying an additional 1,292,772 shares during the period. Franklin Resources Inc. grew its position in Onto Innovation by 21.4% in the fourth quarter. Franklin Resources Inc. now owns 1,353,001 shares of the semiconductor company’s stock worth $213,585,000 after acquiring an additional 238,500 shares during the period. Geode Capital Management LLC increased its stake in Onto Innovation by 45.4% during the fourth quarter. Geode Capital Management LLC now owns 1,127,532 shares of the semiconductor company’s stock worth $178,024,000 after acquiring an additional 352,316 shares during the last quarter. Paradigm Capital Management Inc. NY increased its stake in Onto Innovation by 1.2% during the fourth quarter. Paradigm Capital Management Inc. NY now owns 1,125,838 shares of the semiconductor company’s stock worth $177,725,000 after acquiring an additional 12,999 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in Onto Innovation by 88.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 960,911 shares of the semiconductor company’s stock valued at $151,689,000 after purchasing an additional 451,084 shares during the period. Institutional investors and hedge funds own 98.35% of the company’s stock.

Onto Innovation Trading Down 1.7%

ONTO opened at $331.94 on Friday. Onto Innovation Inc. has a 52 week low of $101.00 and a 52 week high of $386.46. The business has a fifty day simple moving average of $302.57 and a 200-day simple moving average of $259.83. The firm has a market cap of $16.29 billion, a P/E ratio of 124.79, a P/E/G ratio of 1.13 and a beta of 1.59. 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 (NYSE:ONTO) last posted its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share (EPS) 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 firm had revenue of $343.13 million for the quarter, compared to the consensus estimate of $325.29 million. During the same quarter in the previous year, the business earned $1.25 EPS. The company’s quarterly revenue was up 35.3% compared to the same quarter last year. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. On average, equities analysts expect that Onto Innovation Inc. will post 7.88 earnings per share for the current year.

Wall Street Analyst Weigh In

ONTO has been the topic of several recent analyst reports. Cantor Fitzgerald upped their price target on Onto Innovation from $350.00 to $410.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. Zacks Research upgraded shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Onto Innovation in a research note on Friday, June 5th. They set a “buy” rating and a $350.00 target price for the company. Needham & Company LLC lifted their price target on shares of Onto Innovation from $330.00 to $360.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, Wall Street Zen raised shares of Onto Innovation from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $378.11.

About Onto Innovation

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.