Onto Innovation Inc. (NYSE:ONTO - Get Free Report) Director Susan Lynch sold 1,000 shares of the stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Onto Innovation Trading Up 3.3%
Shares of NYSE ONTO opened at $292.38 on Wednesday. The company has a market cap of $14.35 billion, a price-to-earnings ratio of 109.92, a price-to-earnings-growth ratio of 0.94 and a beta of 1.59. Onto Innovation Inc. has a 12-month low of $101.00 and a 12-month high of $386.46. 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's 50 day simple moving average is $303.38 and its 200 day simple moving average is $265.18.
Onto Innovation (NYSE:ONTO - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share (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 business had revenue of $343.13 million during the quarter, compared to analyst estimates of $325.29 million. During the same quarter in the previous year, the firm posted $1.25 EPS. The business's revenue for the quarter 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. Equities research analysts expect that Onto Innovation Inc. will post 7.88 EPS for the current year.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on ONTO shares. Weiss Ratings raised shares of Onto Innovation from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday. Freedom Capital raised shares of Onto Innovation to a "strong-buy" rating in a research note on Wednesday, June 17th. Needham & Company LLC upped their target price on shares of Onto Innovation from $330.00 to $360.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Onto Innovation in a research note on Friday, June 5th. They issued a "buy" rating and a $350.00 price target on the stock. Finally, Zacks Research raised Onto Innovation from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 14th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Onto Innovation currently has a consensus rating of "Buy" and an average target price of $380.30.
View Our Latest Research Report on ONTO
Institutional Investors Weigh In On Onto Innovation
Several institutional investors have recently bought and sold shares of ONTO. Cetera Investment Advisers boosted its position in shares of Onto Innovation by 15.6% during the 1st quarter. Cetera Investment Advisers now owns 13,266 shares of the semiconductor company's stock valued at $2,720,000 after purchasing an additional 1,793 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Onto Innovation in the 1st quarter worth approximately $2,877,000. BlackRock Inc. acquired a new stake in Onto Innovation during the second quarter valued at approximately $2,083,436,000. Andar Capital Management HK Ltd acquired a new stake in Onto Innovation during the second quarter valued at approximately $69,000,000. Finally, Fideuram Asset Management Ireland dac bought a new stake in Onto Innovation during the fourth quarter worth approximately $1,583,000. Institutional investors and hedge funds own 98.35% of the company's stock.
About Onto Innovation
(
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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.
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