PCM Encore LLC Acquires New Holdings in Onto Innovation Inc. $ONTO

PCM Encore LLC bought a new position in shares of Onto Innovation Inc. (NYSE:ONTO) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 2,646 shares of the semiconductor company’s stock, valued at approximately $1,001,000.

A number of other institutional investors have also recently added to or reduced their stakes in ONTO. Andar Capital Management HK Ltd acquired a new position in Onto Innovation in the 2nd quarter valued at approximately $69,000,000. BlackRock Inc. acquired a new position in shares of Onto Innovation during the second quarter worth $2,083,436,000. Wellington Management Group LLP lifted its holdings in shares of Onto Innovation by 1,217.0% during the third quarter. Wellington Management Group LLP now owns 1,398,995 shares of the semiconductor company’s stock worth $180,778,000 after purchasing an additional 1,292,772 shares during the period. Norges Bank bought a new stake in shares of Onto Innovation in the fourth quarter worth $104,938,000. Finally, Jennison Associates LLC grew its stake in shares of Onto Innovation by 1,293.5% in the fourth quarter. Jennison Associates LLC now owns 680,822 shares of the semiconductor company’s stock worth $107,475,000 after purchasing an additional 631,965 shares during the last quarter. 98.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ONTO has been the subject of several analyst reports. Needham & Company LLC raised their target price on Onto Innovation from $330.00 to $360.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. B. Riley Financial reiterated a “buy” rating on shares of Onto Innovation in a research report on Friday, August 7th. Morgan Stanley reissued an “overweight” rating and issued a $383.00 price target on shares of Onto Innovation in a research note on Friday, August 7th. Cantor Fitzgerald raised their price objective on Onto Innovation from $350.00 to $410.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Onto Innovation in a research note on Friday, June 5th. They issued a “buy” rating and a $350.00 price objective on the stock. 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $380.30.

Onto Innovation Trading Down 0.4%

Shares of ONTO stock opened at $298.38 on Friday. Onto Innovation Inc. has a fifty-two week low of $101.00 and a fifty-two week 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 stock has a 50 day simple moving average of $305.52 and a two-hundred day simple moving average of $263.22. The company has a market cap of $14.64 billion, a P/E ratio of 112.17, a PEG ratio of 1.00 and a beta of 1.59.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.24. The firm had revenue of $343.13 million for the quarter, compared to analysts’ expectations of $325.29 million. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%.The company’s revenue for the quarter was up 35.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.25 EPS. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. Research analysts forecast that Onto Innovation Inc. will post 7.88 earnings per share for the current year.

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.