Oppenheimer Asset Management Inc. Purchases New Stake in Onto Innovation Inc. $ONTO

Oppenheimer Asset Management Inc. purchased a new stake in shares of Onto Innovation Inc. (NYSE:ONTO) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,507 shares of the semiconductor company’s stock, valued at approximately $570,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Parallel Advisors LLC raised its position in shares of Onto Innovation by 16.5% in the first quarter. Parallel Advisors LLC now owns 395 shares of the semiconductor company’s stock valued at $81,000 after purchasing an additional 56 shares during the period. Kestra Advisory Services LLC boosted its holdings in shares of 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 buying an additional 64 shares during the period. Root Financial Partners LLC grew its stake in Onto Innovation by 71.2% in the 4th quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 74 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Onto Innovation by 8.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,165 shares of the semiconductor company’s stock valued at $186,000 after acquiring an additional 92 shares during the period. Finally, Millstone Evans Group LLC lifted its position in Onto Innovation by 147.8% during the first quarter. Millstone Evans Group LLC now owns 166 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 99 shares during the last quarter. 98.35% of the stock is currently owned by institutional investors and hedge funds.

Onto Innovation Stock Performance

Shares of Onto Innovation stock opened at $351.91 on Tuesday. The company has a current ratio of 9.73, a quick ratio of 8.33 and a debt-to-equity ratio of 0.77. The company has a market cap of $17.27 billion, a PE ratio of 132.30, a price-to-earnings-growth ratio of 1.11 and a beta of 1.59. The company has a 50 day moving average of $304.23 and a 200-day moving average of $261.22. Onto Innovation Inc. has a 1-year low of $101.00 and a 1-year high of $386.46.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the firm posted $1.25 earnings per share. The firm’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. As a group, equities research analysts forecast that Onto Innovation Inc. will post 7.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on ONTO. 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 research report on Friday, August 7th. Wall Street Zen raised Onto Innovation from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Weiss Ratings cut Onto Innovation from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, August 7th. Jefferies Financial Group lifted their target price on Onto Innovation from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $383.00 target price on shares of Onto Innovation in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $380.30.

Onto Innovation 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.