Key Points
- Director David Miller sold 2,000 Onto Innovation shares at an average price of $300, generating $600,000. The Rule 10b5-1 transaction reduced his direct ownership by 15.76% to 10,692 shares.
- Onto Innovation reported quarterly EPS of $1.93, exceeding estimates of $1.69, while revenue rose 35.3% year over year to $343.13 million. The company issued Q3 2026 EPS guidance of $2.18–$2.38.
- Analysts maintain a broadly positive view, with a consensus “Buy” rating and $380 average price target; institutional investors own approximately 98.35% of the stock.
Onto Innovation Inc. (NYSE:ONTO - Get Free Report) Director David Miller sold 2,000 shares of the firm's stock in a transaction dated Tuesday, September 29th. The shares were sold at an average price of $300.00, for a total value of $600,000.00. Following the transaction, the director directly owned 10,692 shares in the company, valued at approximately $3,207,600. This represents a 15.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Onto Innovation Stock Performance
NYSE:ONTO opened at $315.18 on Friday. The company has a market capitalization of $15.47 billion, a price-to-earnings ratio of 118.49, a PEG ratio of 1.01 and a beta of 1.58. The business has a 50 day moving average of $281.52 and a 200 day moving average of $277.65. 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 $118.97 and a 1-year high of $386.46.
Onto Innovation (NYSE:ONTO - Get Free Report) last issued its quarterly 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. The business had revenue of $343.13 million for 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 quarterly revenue was up 35.3% on a year-over-year basis. During the same period last year, the business earned $1.25 earnings per share. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. On average, sell-side analysts predict that Onto Innovation Inc. will post 8.04 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms have weighed in on ONTO. Evercore reissued an "outperform" rating and issued a $390.00 price target on shares of Onto Innovation in a research note on Friday, August 7th. Wall Street Zen raised Onto Innovation from a "hold" rating to a "buy" rating in a research note on Sunday, August 9th. Needham & Company LLC lifted their price objective on Onto Innovation from $330.00 to $360.00 and gave the stock a "buy" rating in a report on Friday, August 7th. B. Riley Financial reissued a "buy" rating on shares of Onto Innovation in a research note on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Onto Innovation in a research note on Friday, June 5th. They issued a "buy" rating and a $350.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $380.00.
View Our Latest Research Report on Onto Innovation
Institutional Investors Weigh In On Onto Innovation
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. QRG Capital Management Inc. boosted its position in Onto Innovation by 21.9% during the 2nd quarter. QRG Capital Management Inc. now owns 1,202 shares of the semiconductor company's stock valued at $455,000 after buying an additional 216 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of Onto Innovation by 14.1% in the second quarter. Sequoia Financial Advisors LLC now owns 21,878 shares of the semiconductor company's stock valued at $8,280,000 after acquiring an additional 2,702 shares during the period. Baird Financial Group Inc. increased its position in shares of Onto Innovation by 8.5% in the second quarter. Baird Financial Group Inc. now owns 66,489 shares of the semiconductor company's stock valued at $25,163,000 after acquiring an additional 5,227 shares during the period. Allworth Financial LP raised its stake in shares of Onto Innovation by 3.9% during the second quarter. Allworth Financial LP now owns 987 shares of the semiconductor company's stock valued at $374,000 after acquiring an additional 37 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in shares of Onto Innovation by 1.9% during the second quarter. Arizona State Retirement System now owns 13,726 shares of the semiconductor company's stock valued at $5,195,000 after acquiring an additional 258 shares during the last quarter. 98.35% of the stock is currently owned by institutional investors.
About Onto Innovation
(
Get Free Report)
Onto Innovation Inc (NYSE: ONTO) develops process control, inspection, metrology and lithography solutions for the semiconductor and advanced packaging industries. Its technologies help chip manufacturers monitor and control production processes, identify defects and improve yields during the fabrication of integrated circuits and other electronic components.
The company's product portfolio includes optical and materials metrology systems, wafer and macro-defect inspection equipment, lithography systems, software and data-analysis tools, and solutions for semiconductor packaging and related applications.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
