Onto Innovation Inc. $ONTO Stock Position Boosted by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in Onto Innovation Inc. (NYSE:ONTO) by 24.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 20,950 shares of the semiconductor company’s stock after purchasing an additional 4,100 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Onto Innovation were worth $6,449,000 as of its most recent SEC filing.

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

Onto Innovation Stock Performance

Shares of NYSE ONTO opened at $200.99 on Friday. 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 stock has a 50 day moving average price of $264.59 and a 200 day moving average price of $260.03. The stock has a market capitalization of $9.86 billion, a PE ratio of 75.56, a price-to-earnings-growth ratio of 0.66 and a beta of 1.58. 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 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. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%. The firm had revenue of $343.13 million for the quarter, compared to analyst estimates of $325.29 million. During the same quarter in the previous year, the firm earned $1.25 EPS. The business’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. Analysts predict that Onto Innovation Inc. will post 8.04 earnings per share for the current fiscal year.

Insider Activity at Onto Innovation

In other news, Director David Miller sold 2,000 shares of the business’s stock in a transaction dated Tuesday, September 29th. The shares were 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Susan D. Lynch sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $302.30, for a total value of $302,300.00. Following the transaction, the director directly owned 2,684 shares in the company, valued at approximately $811,373.20. This trade represents a 27.14% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ONTO shares. The Goldman Sachs Group started coverage on Onto Innovation in a research note on Monday, August 17th. They issued a “buy” rating and a $400.00 target price on the stock. Morgan Stanley lowered their price objective 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. Evercore reissued an “outperform” rating and issued a $390.00 price objective on shares of Onto Innovation in a research report on Friday, August 7th. Zacks Research upgraded shares of Onto Innovation from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Finally, Jefferies Financial Group raised 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. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Onto Innovation has an average rating of “Buy” and an average price target 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.