Man Group plc Acquires New Stake in Onto Innovation Inc. $ONTO

Man Group plc acquired a new stake in Onto Innovation Inc. (NYSE:ONTO) during the second quarter, Holdings Channel reports. The fund acquired 31,793 shares of the semiconductor company’s stock, valued at approximately $12,032,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ONTO. Andar Capital Management HK Ltd acquired a new stake in shares of Onto Innovation in the second quarter valued at about $69,000,000. BlackRock Inc. acquired a new position in Onto Innovation during the second quarter worth about $2,083,436,000. Wellington Management Group LLP boosted its position in 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 acquiring an additional 1,292,772 shares during the last quarter. Paradigm Capital Management Inc. NY acquired a new position in Onto Innovation during the second quarter worth about $416,839,000. Finally, William Blair Investment Management LLC purchased a new stake in Onto Innovation during the 2nd quarter valued at about $251,812,000. Institutional investors and hedge funds own 98.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ONTO. The Goldman Sachs Group started coverage on shares of 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 restated an “overweight” rating and issued a $383.00 price target on shares of Onto Innovation in a research report on Friday, August 7th. Jefferies Financial Group increased their price target on Onto Innovation from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, August 7th. Oppenheimer lifted their price objective on Onto Innovation from $370.00 to $450.00 and gave the stock an “outperform” rating in a research report on Monday, June 22nd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Onto Innovation in a research note on Friday, June 5th. They set a “buy” rating and a $350.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $380.30.

Onto Innovation Price Performance

Shares of ONTO stock opened at $293.12 on Friday. 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 company has a market capitalization of $14.38 billion, a PE ratio of 110.20, a price-to-earnings-growth ratio of 0.97 and a beta of 1.59. The firm’s 50-day moving average is $302.02 and its two-hundred day moving average is $266.50. Onto Innovation Inc. has a 12 month low of $101.00 and a 12 month 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, beating the consensus estimate of $1.69 by $0.24. The business had revenue of $343.13 million during the quarter, compared to analysts’ expectations of $325.29 million. Onto Innovation had a net margin of 11.84% and a return on equity of 13.44%. The business’s revenue for the quarter was up 35.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.25 EPS. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. Analysts predict that Onto Innovation Inc. will post 7.88 earnings per share for the current year.

Insiders Place Their Bets

In other Onto Innovation news, Director Susan D. Lynch sold 1,000 shares of Onto Innovation stock in a transaction 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 sale, the director owned 2,684 shares in the company, valued at $811,373.20. The trade was a 27.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

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.