VIRGINIA RETIREMENT SYSTEMS ET Al Purchases New Position in Onto Innovation Inc. $ONTO

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Onto Innovation Inc. (NYSE:ONTO) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 16,850 shares of the semiconductor company’s stock, valued at approximately $6,377,000.

Other hedge funds have also recently bought and sold shares of the company. Fiduciary Financial Advisors acquired a new position in shares of Onto Innovation in the second quarter valued at approximately $25,000. Highland Investment Advisors LLC acquired a new stake in Onto Innovation during the 2nd quarter worth approximately $25,000. Root Financial Partners LLC lifted its holdings in Onto Innovation by 71.2% during the 4th quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 74 shares during the last quarter. Transamerica Financial Advisors LLC boosted its stake in Onto Innovation by 188.5% in the 4th quarter. Transamerica Financial Advisors LLC now owns 176 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 115 shares during the period. Finally, Millstone Evans Group LLC boosted its stake in Onto Innovation by 147.8% in the 1st quarter. Millstone Evans Group LLC now owns 166 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 99 shares during the period. 98.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Onto Innovation

In other Onto Innovation news, Director Susan Lynch sold 1,000 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $302.30, for a total transaction of $302,300.00. Following the sale, the director directly 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 SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by insiders.

Onto Innovation Price Performance

Shares of NYSE ONTO opened at $281.54 on Wednesday. The business has a fifty day moving average price of $290.08 and a two-hundred day moving average price of $269.14. The stock has a market capitalization of $13.81 billion, a PE ratio of 105.84, a P/E/G ratio of 0.88 and a beta of 1.59. 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 fifty-two week low of $102.91 and a fifty-two week high of $386.46.

Onto Innovation (NYSE:ONTO) last released its earnings results 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. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%.The company had revenue of $343.13 million for the quarter, compared to analyst estimates of $325.29 million. During the same period in the prior year, the firm posted $1.25 EPS. Onto Innovation’s quarterly revenue was up 35.3% on a year-over-year basis. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. As a group, equities analysts predict that Onto Innovation Inc. will post 8.04 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on ONTO. Needham & Company LLC upped their price objective on Onto Innovation from $330.00 to $360.00 and gave the company a “buy” rating in a report on Friday, August 7th. Jefferies Financial Group boosted their target price on shares of Onto Innovation from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Evercore restated an “outperform” rating and issued a $390.00 price target on shares of Onto Innovation in a research note on Friday, August 7th. Freedom Capital raised shares of Onto Innovation to a “strong-buy” rating in a research report on Wednesday, June 17th. Finally, Oppenheimer lifted their price objective on shares of Onto Innovation from $370.00 to $450.00 and gave the stock an “outperform” rating in a research note on Monday, June 22nd. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Onto Innovation currently has an average rating of “Buy” and an average price target of $378.00.

Onto Innovation Company 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.