Lisanti Capital Growth LLC Purchases Shares of 5,090 Onto Innovation Inc. $ONTO

Lisanti Capital Growth LLC acquired a new stake in Onto Innovation Inc. (NYSE:ONTO) during the second quarter, Holdings Channel reports. The institutional investor acquired 5,090 shares of the semiconductor company’s stock, valued at approximately $1,926,000.

Several other institutional investors have also recently modified their holdings of the company. NewEdge Wealth LLC acquired a new stake in shares of Onto Innovation during the second quarter worth about $560,000. Diversify Advisory Services LLC acquired a new position in Onto Innovation in the 2nd quarter worth approximately $329,000. Pacific Wealth Management acquired a new position in Onto Innovation in the 2nd quarter worth approximately $487,000. First National Bank of Omaha purchased a new position in Onto Innovation during the 2nd quarter worth approximately $4,078,000. Finally, Meeder Advisory Services Inc. purchased a new position in Onto Innovation during the 2nd quarter worth approximately $593,000. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ONTO has been the topic of several recent research reports. Needham & Company LLC upped their price objective on shares of Onto Innovation from $330.00 to $360.00 and gave the company a “buy” rating in a report on Friday, August 7th. Zacks Research raised shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Weiss Ratings lowered shares of Onto Innovation from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, August 7th. B. Riley Financial reaffirmed a “buy” rating on shares of Onto Innovation in a research report on Friday, August 7th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $383.00 price objective on shares of Onto Innovation in a research note on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Onto Innovation presently has an average rating of “Buy” and an average target price of $380.30.

Onto Innovation Price Performance

Shares of NYSE ONTO opened at $299.30 on Thursday. The stock has a market capitalization of $14.69 billion, a price-to-earnings ratio of 112.52, a PEG ratio of 1.05 and a beta of 1.59. Onto Innovation Inc. has a 12 month low of $101.00 and a 12 month high of $386.46. The firm’s 50 day simple moving average is $305.60 and its 200-day simple moving average is $262.54. 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 earnings results 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 net margin of 11.84% and a return on equity of 13.44%. The firm had revenue of $343.13 million during the quarter, compared to analyst estimates of $325.29 million. During the same period in the previous year, the firm earned $1.25 EPS. The business’s quarterly 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. Analysts expect that Onto Innovation Inc. will post 7.88 EPS for the current year.

Onto Innovation Company 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.