Tairen Capital Ltd Acquires Shares of 17,500 Onto Innovation Inc. $ONTO

Tairen Capital Ltd bought a new position in Onto Innovation Inc. (NYSE:ONTO) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 17,500 shares of the semiconductor company’s stock, valued at approximately $6,623,000. Onto Innovation accounts for approximately 0.6% of Tairen Capital Ltd’s holdings, making the stock its 27th biggest position.

Several other institutional investors have also made changes to their positions in ONTO. Parallel Advisors LLC lifted its position in shares of Onto Innovation by 16.5% in the 1st quarter. Parallel Advisors LLC now owns 395 shares of the semiconductor company’s stock valued at $81,000 after acquiring an additional 56 shares in the last quarter. Kestra Advisory Services LLC grew its position in Onto Innovation by 4.9% during the 1st 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. Root Financial Partners LLC grew its position in Onto Innovation by 71.2% during the 4th quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 74 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Onto Innovation by 8.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,165 shares of the semiconductor company’s stock valued at $186,000 after purchasing an additional 92 shares during the period. Finally, Millstone Evans Group LLC raised its stake in Onto Innovation by 147.8% during the 1st 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. 98.35% of the stock is owned by hedge funds and other institutional investors.

Onto Innovation Trading Up 0.1%

Shares of NYSE:ONTO opened at $293.68 on Monday. The firm has a fifty day moving average of $304.92 and a two-hundred day moving average of $263.86. The firm has a market capitalization of $14.41 billion, a P/E ratio of 110.41, a price-to-earnings-growth ratio of 0.98 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 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 results on Thursday, August 6th. The semiconductor company reported $1.93 EPS 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 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 company posted $1.25 EPS. Onto Innovation’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, equities analysts expect that Onto Innovation Inc. will post 7.88 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on ONTO. Wall Street Zen raised Onto Innovation from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Zacks Research raised Onto Innovation from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Needham & Company LLC increased their price objective on Onto Innovation from $330.00 to $360.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Morgan Stanley restated an “overweight” rating and set a $383.00 price objective on shares of Onto Innovation in a research report on Friday, August 7th. Finally, Jefferies Financial Group lifted their target price on Onto Innovation from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Onto Innovation currently has an average rating of “Buy” and a consensus target price of $380.30.

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.