Global Retirement Partners LLC Purchases New Holdings in Onto Innovation Inc. $ONTO

Global Retirement Partners LLC acquired a new stake in shares of Onto Innovation Inc. (NYSE:ONTO) in the second quarter, HoldingsChannel reports. The fund acquired 6,699 shares of the semiconductor company’s stock, valued at approximately $2,535,000.

A number of other hedge funds have also recently bought and sold shares of the business. Parallel Advisors LLC raised its position in shares of Onto Innovation by 16.5% in the 1st quarter. Parallel Advisors LLC now owns 395 shares of the semiconductor company’s stock valued at $81,000 after purchasing an additional 56 shares in the last quarter. Kestra Advisory Services LLC grew its position in shares of Onto Innovation by 4.9% during the first 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 in the last quarter. Root Financial Partners LLC grew its position in shares of Onto Innovation by 71.2% during the fourth quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock worth $28,000 after buying an additional 74 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Onto Innovation by 8.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,165 shares of the semiconductor company’s stock worth $186,000 after buying an additional 92 shares during the last quarter. Finally, Millstone Evans Group LLC increased its stake in shares of Onto Innovation by 147.8% in the first quarter. Millstone Evans Group LLC now owns 166 shares of the semiconductor company’s stock worth $34,000 after buying an additional 99 shares during the last quarter. Institutional investors and hedge funds own 98.35% of the company’s stock.

Onto Innovation Stock Up 0.1%

ONTO stock opened at $331.94 on Monday. 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 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 $302.57 and a two-hundred day moving average price of $260.21. The firm has a market cap of $16.29 billion, a price-to-earnings ratio of 124.79, a PEG ratio of 1.11 and a beta of 1.59.

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 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 company had revenue of $343.13 million for the quarter, compared to analysts’ expectations of $325.29 million. During the same period in the prior year, the company earned $1.25 earnings per share. The firm’s 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. Research analysts predict that Onto Innovation Inc. will post 7.88 EPS for the current year.

Analyst Ratings Changes

ONTO has been the topic of several recent analyst reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $383.00 price target on shares of Onto Innovation in a report on Friday, August 7th. Evercore reissued an “outperform” rating and issued a $390.00 target price on shares of Onto Innovation in a research report on Friday, August 7th. Wall Street Zen upgraded shares of Onto Innovation from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Cantor Fitzgerald increased their price target on shares of Onto Innovation from $350.00 to $410.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Finally, Zacks Research raised shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Onto Innovation currently has a consensus rating of “Buy” and a consensus price target of $378.11.

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.