Deutsche Bank AG Purchases Shares of 10,896 Onto Innovation Inc. $ONTO

Deutsche Bank AG purchased a new stake in Onto Innovation Inc. (NYSE:ONTO) during the second quarter, HoldingsChannel.com reports. The fund purchased 10,896 shares of the semiconductor company’s stock, valued at approximately $4,124,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Root Financial Partners LLC boosted its holdings in shares of Onto Innovation by 71.2% during the 4th quarter. Root Financial Partners LLC now owns 178 shares of the semiconductor company’s stock worth $28,000 after buying an additional 74 shares during the period. Transamerica Financial Advisors LLC raised 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 worth $28,000 after acquiring an additional 115 shares during the period. Millstone Evans Group LLC lifted its position in 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 acquiring an additional 99 shares during the last quarter. CoreCap Advisors LLC acquired a new position in Onto Innovation during the 2nd quarter worth $38,000. Finally, CIBC Private Wealth Group LLC boosted its holdings in Onto Innovation by 109.4% during the fourth quarter. CIBC Private Wealth Group LLC now owns 245 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 128 shares during the period. 98.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Susan D. 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 completion of the transaction, the director directly owned 2,684 shares of the company’s stock, valued at approximately $811,373.20. This represents a 27.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ONTO shares. Cantor Fitzgerald raised their price target on Onto Innovation from $350.00 to $410.00 and gave the company an “overweight” rating in a research report on Monday, June 29th. B. Riley Financial reissued a “buy” rating on shares of Onto Innovation in a research report on Friday, August 7th. The Goldman Sachs Group started coverage on Onto Innovation in a research note on Monday, August 17th. They set a “buy” rating and a $400.00 target price for the company. Needham & Company LLC raised their target price on Onto Innovation from $330.00 to $360.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, Freedom Capital raised Onto Innovation to a “strong-buy” rating in a research report on Wednesday, June 17th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Onto Innovation presently has a consensus rating of “Buy” and a consensus target price of $380.30.

Onto Innovation Stock Performance

NYSE ONTO opened at $292.38 on Wednesday. The stock has a market cap of $14.35 billion, a P/E ratio of 109.92, a PEG ratio of 0.94 and a beta of 1.59. The company’s 50-day simple moving average is $303.38 and its 200 day simple moving average is $265.18. Onto Innovation Inc. has a twelve month low of $101.00 and a twelve month high of $386.46. The company has a quick ratio of 8.33, a current ratio of 9.73 and a debt-to-equity ratio of 0.77.

Onto Innovation (NYSE:ONTO) last posted its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.24. The firm had revenue of $343.13 million during 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%. The company’s quarterly revenue was up 35.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.25 earnings per share. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. As a group, research analysts forecast that Onto Innovation Inc. will post 7.88 earnings per share for the current fiscal year.

Onto Innovation Company 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.