Onto Innovation Inc. $ONTO Position Cut by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC trimmed its holdings in shares of Onto Innovation Inc. (NYSE:ONTO) by 31.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 7,041 shares of the semiconductor company’s stock after selling 3,276 shares during the period. Taylor Frigon Capital Management LLC’s holdings in Onto Innovation were worth $2,167,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Highland Investment Advisors LLC acquired a new stake in shares of Onto Innovation in the second quarter worth about $25,000. Fiduciary Financial Advisors acquired a new position in shares of Onto Innovation during the 2nd quarter valued at about $25,000. CoreCap Advisors LLC acquired a new position in shares of Onto Innovation during the 2nd quarter valued at about $38,000. Rakuten Securities Inc. acquired a new stake in shares of Onto Innovation in the second quarter worth $40,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Onto Innovation in the 2nd quarter worth $42,000. 98.35% of the stock is currently owned by institutional investors.

Onto Innovation Stock Performance

NYSE ONTO opened at $198.17 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 9.73 and a quick ratio of 8.33. The firm has a market capitalization of $9.73 billion, a price-to-earnings ratio of 74.50, a P/E/G ratio of 0.65 and a beta of 1.58. The company’s fifty day moving average is $273.94 and its two-hundred day moving average is $283.09. Onto Innovation Inc. has a 52-week low of $118.97 and a 52-week high of $386.46.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.24. The company had revenue of $343.13 million for 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%. The business’s revenue was up 35.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.25 EPS. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. Equities research analysts forecast that Onto Innovation Inc. will post 8.04 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on ONTO shares. Weiss Ratings upgraded Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 21st. Needham & Company LLC increased their target price on Onto Innovation from $330.00 to $360.00 and gave the company a “buy” rating in a research note on Friday, August 7th. The Goldman Sachs Group began coverage on Onto Innovation in a report on Monday, August 17th. They issued a “buy” rating and a $400.00 target price on the stock. Wall Street Zen raised Onto Innovation from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Finally, Zacks Research upgraded Onto Innovation from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $380.00.

Insider Transactions at Onto Innovation

In related news, Director David Miller sold 2,000 shares of the business’s stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $300.00, for a total transaction of $600,000.00. Following the transaction, the director directly owned 10,692 shares in the company, valued at $3,207,600. The trade was a 15.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Susan Lynch sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $302.30, for a total value of $302,300.00. Following the completion of the transaction, the director directly owned 2,684 shares of the company’s stock, valued at approximately $811,373.20. This trade represents a 27.14% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by company insiders.

Onto Innovation Company Profile

Onto Innovation Inc (NYSE: ONTO) develops process control and inspection equipment used by semiconductor manufacturers and advanced packaging companies. Its products help customers monitor, measure and improve manufacturing processes throughout the production of integrated circuits, wafers and packaged semiconductor devices.

The company offers optical metrology systems, wafer and macro-defect inspection tools, advanced packaging inspection and metrology solutions, lithography systems, and process control software.