Polymer Capital Management HK LTD Acquires Shares of 11,400 Onto Innovation Inc. $ONTO

Polymer Capital Management HK LTD bought a new position in Onto Innovation Inc. (NYSE:ONTO) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,400 shares of the semiconductor company’s stock, valued at approximately $4,314,000.

A number of other institutional investors have also recently made changes to their positions in the company. CoreCap Advisors LLC bought a new stake in shares of Onto Innovation in the 2nd quarter worth $38,000. Rakuten Securities Inc. bought a new stake in Onto Innovation in the 2nd quarter worth about $40,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Onto Innovation in the 2nd quarter worth about $42,000. Harbor Investment Advisory LLC purchased a new position in Onto Innovation in the 2nd quarter worth about $47,000. Finally, Millstone Evans Group LLC lifted 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 acquiring an additional 99 shares during the period. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Onto Innovation Stock Performance

Shares of NYSE ONTO opened at $293.68 on Monday. The stock has a market cap of $14.41 billion, a PE ratio of 110.41, a price-to-earnings-growth ratio of 0.98 and a beta of 1.59. Onto Innovation Inc. has a 1 year low of $101.00 and a 1 year high of $386.46. The firm has a fifty day moving average price of $304.92 and a 200-day moving average price of $263.86. 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 issued its earnings results on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.24. The company had revenue of $343.13 million during the quarter, compared to the consensus estimate of $325.29 million. Onto Innovation had a net margin of 11.84% and a return on equity of 13.44%. Onto Innovation’s quarterly revenue was up 35.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.25 EPS. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. Equities analysts anticipate that Onto Innovation Inc. will post 7.88 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Zacks Research upgraded shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Oppenheimer raised their price target on Onto Innovation from $370.00 to $450.00 and gave the stock an “outperform” rating in a research note on Monday, June 22nd. Deutsche Bank Aktiengesellschaft started coverage on Onto Innovation in a research report on Friday, June 5th. They set a “buy” rating and a $350.00 price objective for the company. B. Riley Financial reissued a “buy” rating on shares of Onto Innovation in a research report on Friday, August 7th. Finally, Needham & Company LLC boosted their price target on Onto Innovation from $330.00 to $360.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Two equities 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average 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.