Susan Lynch Sells 1,000 Shares of Onto Innovation (NYSE:ONTO) Stock

Onto Innovation Inc. (NYSE:ONTO) Director Susan Lynch sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $302.30, for a total value of $302,300.00. Following the completion of the transaction, the director directly owned 2,684 shares in the company, valued at approximately $811,373.20. The trade was a 27.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Onto Innovation Price Performance

Onto Innovation stock opened at $291.69 on Thursday. Onto Innovation Inc. has a 12 month low of $101.00 and a 12 month high of $386.46. The company has a debt-to-equity ratio of 0.77, a current ratio of 9.73 and a quick ratio of 8.33. The business has a 50 day simple moving average of $302.83 and a 200-day simple moving average of $265.91. The stock has a market capitalization of $14.31 billion, a PE ratio of 109.66, a price-to-earnings-growth ratio of 0.97 and a beta of 1.59.

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Jefferies Financial Group increased their price target on shares of Onto Innovation from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, August 7th. The Goldman Sachs Group initiated coverage on Onto Innovation in a research report on Monday, August 17th. They set a “buy” rating and a $400.00 target price on the stock. Freedom Capital raised Onto Innovation to a “strong-buy” rating in a research note on Wednesday, June 17th. Cantor Fitzgerald raised their price target on Onto Innovation from $350.00 to $410.00 and gave the company an “overweight” rating in a report on Monday, June 29th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $383.00 price objective on shares of Onto Innovation in a report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $380.30.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ONTO. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Onto Innovation during the 2nd quarter valued at approximately $6,377,000. California State Teachers Retirement System grew its holdings in shares of Onto Innovation by 38,382.2% in the 2nd quarter. California State Teachers Retirement System now owns 21,848,297 shares of the semiconductor company’s stock worth $8,268,488,000 after acquiring an additional 21,791,522 shares during the period. Wedmont Private Capital purchased a new position in Onto Innovation in the 2nd quarter valued at approximately $278,000. HB Wealth Management LLC increased its stake in Onto Innovation by 4.7% in the 2nd quarter. HB Wealth Management LLC now owns 2,698 shares of the semiconductor company’s stock valued at $1,021,000 after purchasing an additional 122 shares in the last quarter. Finally, AlphaGrep UK Ltd acquired a new position in Onto Innovation during the second quarter worth $204,000. 98.35% of the stock is owned by hedge funds and other institutional investors.

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.