Persistent Asset Partners Ltd Makes New Investment in Onto Innovation Inc. $ONTO

Persistent Asset Partners Ltd purchased a new stake in shares of Onto Innovation Inc. (NYSE:ONTO) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,947 shares of the semiconductor company’s stock, valued at approximately $2,251,000. Onto Innovation accounts for about 0.7% of Persistent Asset Partners Ltd’s portfolio, making the stock its 27th biggest position.

Other large investors have also made changes to their positions in the company. NewEdge Advisors LLC boosted its stake in shares of Onto Innovation by 312.5% in the first quarter. NewEdge Advisors LLC now owns 4,121 shares of the semiconductor company’s stock worth $500,000 after acquiring an additional 3,122 shares during the period. Goldman Sachs Group Inc. raised its stake in Onto Innovation by 76.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 482,256 shares of the semiconductor company’s stock valued at $58,517,000 after purchasing an additional 208,907 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Onto Innovation by 8.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 163,259 shares of the semiconductor company’s stock valued at $19,810,000 after purchasing an additional 13,175 shares during the period. Cetera Investment Advisers lifted its holdings in Onto Innovation by 6.3% in the 2nd quarter. Cetera Investment Advisers now owns 4,017 shares of the semiconductor company’s stock worth $405,000 after purchasing an additional 238 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in Onto Innovation by 182.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 6,631 shares of the semiconductor company’s stock worth $666,000 after purchasing an additional 4,283 shares in the last quarter. 98.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ONTO shares. Deutsche Bank Aktiengesellschaft began coverage on shares of Onto Innovation in a report on Friday, June 5th. They set a “buy” rating and a $350.00 price objective for the company. Cantor Fitzgerald boosted their target price on shares of Onto Innovation from $350.00 to $410.00 and gave the stock an “overweight” rating in a report on Monday, June 29th. Evercore restated an “outperform” rating and set a $390.00 target price on shares of Onto Innovation in a research report on Friday, August 7th. Wall Street Zen raised shares of Onto Innovation from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Onto Innovation in a research note on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Onto Innovation has a consensus rating of “Buy” and an average target price of $378.11.

Onto Innovation Stock Performance

NYSE:ONTO 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 stock’s 50 day simple moving average is $302.57 and its two-hundred day simple moving average is $260.21. The company 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 posted its earnings results on Thursday, August 6th. The semiconductor company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $325.29 million. During the same period in the prior year, the company earned $1.25 EPS. The company’s quarterly 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. As a group, equities analysts anticipate that Onto Innovation Inc. will post 7.88 earnings per share for the current fiscal year.

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.