10,601 Shares in Onto Innovation Inc. $ONTO Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new position in Onto Innovation Inc. (NYSE:ONTO) during the second quarter, Holdings Channel reports. The institutional investor acquired 10,601 shares of the semiconductor company’s stock, valued at approximately $4,012,000.

Other hedge funds have also recently bought and sold shares of the company. Fiduciary Financial Advisors bought a new position in Onto Innovation in the 2nd quarter worth $25,000. Root Financial Partners LLC raised its stake in Onto Innovation by 71.2% during the 4th quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 74 shares during the last quarter. Transamerica Financial Advisors LLC boosted its holdings in Onto Innovation by 188.5% in the 4th quarter. Transamerica Financial Advisors LLC now owns 176 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 115 shares during the period. Millstone Evans Group LLC grew its holdings in shares of Onto Innovation by 147.8% during the 1st quarter. Millstone Evans Group LLC now owns 166 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 99 shares in the last quarter. Finally, CoreCap Advisors LLC bought a new position in Onto Innovation in the second quarter worth $38,000. 98.35% of the stock is owned by institutional investors and hedge funds.

Onto Innovation Stock Performance

NYSE:ONTO opened at $270.85 on Friday. Onto Innovation Inc. has a 1 year low of $101.00 and a 1 year high of $386.46. The firm has a 50 day moving average of $300.77 and a 200-day moving average of $266.53. The company has a current ratio of 9.73, a quick ratio of 8.33 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $13.29 billion, a P/E ratio of 101.82, a price-to-earnings-growth ratio of 0.98 and a beta of 1.59.

Onto Innovation (NYSE:ONTO) last released its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.93 EPS for the quarter, topping 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 business had revenue of $343.13 million for the quarter, compared to analyst estimates of $325.29 million. During the same period in the prior year, the company earned $1.25 EPS. Onto Innovation’s revenue for the quarter was up 35.3% on a year-over-year basis. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. As a group, sell-side analysts anticipate that Onto Innovation Inc. will post 7.88 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on ONTO. Jefferies Financial Group boosted their price target on shares of Onto Innovation from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, August 7th. 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. Weiss Ratings upgraded shares of Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 21st. 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. Finally, Needham & Company LLC upped their price objective on Onto Innovation from $330.00 to $360.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Two equities research 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $380.30.

Insider Activity

In related news, Director Susan D. Lynch sold 1,000 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $302.30, for a total transaction of $302,300.00. Following the transaction, the director owned 2,684 shares in the company, valued at $811,373.20. This represents a 27.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by corporate insiders.

Onto Innovation 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.