Bokf Na Buys 5,710 Shares of Onto Innovation Inc. $ONTO

Bokf Na bought a new position in Onto Innovation Inc. (NYSE:ONTO) in the third quarter, Holdings Channel.com reports. The firm bought 5,710 shares of the semiconductor company’s stock, valued at approximately $1,758,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Andar Capital Management HK Ltd purchased a new stake in Onto Innovation during the 2nd quarter valued at about $69,000,000. BlackRock Inc. purchased a new position in shares of Onto Innovation in the second quarter worth about $2,083,436,000. Paradigm Capital Management Inc. NY purchased a new position in shares of Onto Innovation in the second quarter worth about $416,839,000. Dimensional Fund Advisors LP raised its stake in shares of Onto Innovation by 4.3% in the first quarter. Dimensional Fund Advisors LP now owns 677,502 shares of the semiconductor company’s stock worth $138,898,000 after purchasing an additional 28,137 shares during the last quarter. Finally, William Blair Investment Management LLC purchased a new position in shares of Onto Innovation in the second quarter worth about $251,812,000. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Onto Innovation Price Performance

NYSE:ONTO opened at $200.99 on Friday. Onto Innovation Inc. has a one year low of $118.97 and a one year high of $386.46. The company has a debt-to-equity ratio of 0.77, a quick ratio of 8.33 and a current ratio of 9.73. The firm has a market cap of $9.86 billion, a price-to-earnings ratio of 75.56, a PEG ratio of 0.66 and a beta of 1.58. The firm’s fifty day moving average is $264.59 and its two-hundred day moving average is $260.03.

Onto Innovation (NYSE:ONTO) last announced its quarterly 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 for the quarter, compared to the consensus estimate of $325.29 million. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%. The firm’s revenue for the quarter was up 35.3% compared to the same quarter last year. During the same period last year, the firm earned $1.25 EPS. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. Research analysts expect that Onto Innovation Inc. will post 8.04 EPS for the current year.

Insider Activity

In other news, Director Susan 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 value of $302,300.00. Following the sale, the director 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 Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director David Miller sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, September 29th. The stock was sold at an average price of $300.00, for a total value of $600,000.00. Following the sale, the director directly owned 10,692 shares in the company, valued at approximately $3,207,600. This trade represents a 15.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. B. Riley Financial reaffirmed a “buy” rating on shares of Onto Innovation in a report on Friday, August 7th. Wall Street Zen upgraded shares of Onto Innovation from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Morgan Stanley cut their price target on shares of Onto Innovation from $383.00 to $360.00 and set an “overweight” rating on the stock in a report on Tuesday, September 8th. Cantor Fitzgerald reissued an “overweight” rating on shares of Onto Innovation in a research report on Tuesday, October 20th. Finally, Zacks Research upgraded shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $380.00.

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.