Freestone Grove Partners LP Invests $7.38 Million in Onto Innovation Inc. $ONTO

Freestone Grove Partners LP bought a new stake in Onto Innovation Inc. (NYSE:ONTO) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 19,492 shares of the semiconductor company’s stock, valued at approximately $7,377,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ONTO. Man Group plc bought a new position in Onto Innovation in the 2nd quarter worth approximately $12,032,000. Polar Asset Management Partners Inc. bought a new position in Onto Innovation in the 2nd quarter valued at $3,620,000. Jupiter Topco LLC acquired a new stake in shares of Onto Innovation in the 2nd quarter valued at $24,380,000. Hsbc Holdings PLC bought a new stake in shares of Onto Innovation during the second quarter worth $2,364,000. Finally, EFG International AG bought a new stake in shares of Onto Innovation during the second quarter worth $11,817,000. Institutional investors and hedge funds own 98.35% of the company’s stock.

Analyst Upgrades and Downgrades

ONTO has been the subject of several recent research reports. Freedom Capital raised Onto Innovation to a “strong-buy” rating in a report on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Onto Innovation in a research note on Friday, June 5th. They set a “buy” rating and a $350.00 price target for the company. Weiss Ratings upgraded shares of Onto Innovation from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 21st. B. Riley Financial reaffirmed a “buy” rating on shares of Onto Innovation in a research note 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 report on Friday, August 7th. Two investment 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, the company has an average rating of “Buy” and an average price target of $380.30.

Insider Transactions at Onto Innovation

In other news, Director Susan D. Lynch sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $302.30, for a total transaction of $302,300.00. Following the completion of 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 legal filing with the SEC, which is available at this hyperlink. 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 Stock Performance

Shares of Onto Innovation stock opened at $270.85 on Friday. The firm has a market cap of $13.29 billion, a price-to-earnings ratio of 101.82, a price-to-earnings-growth ratio of 0.98 and a beta of 1.59. The stock’s 50-day moving average is $300.77 and its 200-day moving average is $266.53. Onto Innovation Inc. has a one year low of $101.00 and a one year high of $386.46. 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 (NYSE:ONTO) last announced its earnings results on Thursday, August 6th. The semiconductor company reported $1.93 EPS for the quarter, topping 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 firm’s revenue was up 35.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.25 earnings per share. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. Equities analysts predict that Onto Innovation Inc. will post 7.88 earnings per share for the current fiscal year.

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.