Palisade Capital Management LP Acquires Shares of 52,514 Onto Innovation Inc. $ONTO

Palisade Capital Management LP purchased a new stake in Onto Innovation Inc. (NYSE:ONTO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 52,514 shares of the semiconductor company’s stock, valued at approximately $19,874,000. Onto Innovation makes up about 0.9% of Palisade Capital Management LP’s portfolio, making the stock its 22nd biggest holding.

A number of other hedge funds have also added to or reduced their stakes in the stock. Cetera Investment Advisers boosted its position in shares of Onto Innovation by 15.6% during the first quarter. Cetera Investment Advisers now owns 13,266 shares of the semiconductor company’s stock valued at $2,720,000 after buying an additional 1,793 shares during the last quarter. Entropy Technologies LP bought a new position in Onto Innovation during the 1st quarter valued at $2,877,000. BlackRock Inc. bought a new stake in shares of Onto Innovation in the 2nd quarter worth $2,083,436,000. Andar Capital Management HK Ltd bought a new stake in shares of Onto Innovation in the 2nd quarter worth $69,000,000. Finally, Fideuram Asset Management Ireland dac purchased a new stake in shares of Onto Innovation in the fourth quarter valued at about $1,583,000. Institutional investors and hedge funds own 98.35% of the company’s stock.

Insiders Place Their Bets

In other news, Director Susan D. Lynch sold 1,000 shares of the company’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 sale, the director directly owned 2,684 shares in the company, valued at $811,373.20. This represents a 27.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by insiders.

Onto Innovation Trading Up 3.3%

Shares of ONTO stock opened at $292.38 on Wednesday. The stock has a market capitalization of $14.35 billion, a price-to-earnings ratio of 109.92, a PEG ratio of 0.94 and a beta of 1.59. The company’s fifty day simple moving average is $303.38 and its two-hundred day simple moving average is $265.18. Onto Innovation Inc. has a 1 year low of $101.00 and a 1 year high of $386.46. 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 results on Thursday, August 6th. The semiconductor company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.24. The firm had revenue of $343.13 million during the quarter, compared to analyst estimates of $325.29 million. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%.The business’s revenue for the quarter was up 35.3% on a year-over-year basis. During the same period last year, the company earned $1.25 earnings per share. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. As a group, analysts anticipate that Onto Innovation Inc. will post 7.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ONTO shares. Freedom Capital raised shares of Onto Innovation to a “strong-buy” rating in a research report on Wednesday, June 17th. Needham & Company LLC upped their target price on Onto Innovation from $330.00 to $360.00 and gave the company a “buy” rating in a report on Friday, August 7th. Cantor Fitzgerald increased their price target on Onto Innovation from $350.00 to $410.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. Oppenheimer lifted their price target on Onto Innovation from $370.00 to $450.00 and gave the stock an “outperform” rating in a report on Monday, June 22nd. Finally, Deutsche Bank Aktiengesellschaft began coverage on Onto Innovation in a research report on Friday, June 5th. They issued a “buy” rating and a $350.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Onto Innovation has an average rating of “Buy” and a consensus price target of $380.30.

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.