Northwestern Mutual Wealth Management Co. Buys 178,175 Shares of Onto Innovation Inc. $ONTO

Northwestern Mutual Wealth Management Co. increased its stake in shares of Onto Innovation Inc. (NYSE:ONTO) by 23,351.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 178,938 shares of the semiconductor company’s stock after acquiring an additional 178,175 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Onto Innovation were worth $67,719,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Greenleaf Trust bought a new stake in shares of Onto Innovation during the second quarter worth approximately $355,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Onto Innovation by 4.9% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 155,253 shares of the semiconductor company’s stock worth $58,755,000 after purchasing an additional 7,271 shares during the period. Van ECK Associates Corp increased its stake in shares of Onto Innovation by 1,967.0% during the second quarter. Van ECK Associates Corp now owns 41,588 shares of the semiconductor company’s stock worth $15,739,000 after purchasing an additional 39,576 shares during the period. Hsbc Holdings PLC lifted its holdings in Onto Innovation by 39.8% during the 2nd quarter. Hsbc Holdings PLC now owns 6,210 shares of the semiconductor company’s stock worth $2,364,000 after purchasing an additional 1,769 shares during the last quarter. Finally, Empowered Funds LLC acquired a new stake in Onto Innovation during the 2nd quarter worth approximately $2,947,000. 98.35% of the stock is owned by institutional investors.

Insider Buying and Selling at Onto Innovation

In related news, Director Susan D. Lynch sold 1,000 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $302.30, for a total transaction of $302,300.00. Following the sale, the director owned 2,684 shares in the company, valued at approximately $811,373.20. This trade represents a 27.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.

Key Headlines Impacting Onto Innovation

Here are the key news stories impacting Onto Innovation this week:

• Positive Sentiment: Analysts raised earnings forecasts across multiple periods. Zacks Research increased its 2026 EPS estimate to $7.88 from $6.78, lifted its 2027 forecast to $10.88 from $8.71, and raised its 2028 estimate to $12.22 from $9.44. Quarterly estimates were also increased, including Q3 2026 EPS to $2.20 from $1.73 and Q2 2028 EPS to $3.11 from $2.27. Zacks maintained a “Strong Buy” rating. MarketBeat Onto Innovation analyst estimates
• Positive Sentiment: Onto Innovation continues to show strong operating momentum. Its latest reported quarter exceeded analyst expectations for both EPS and revenue, while revenue grew 35.3% year over year. These results support the more optimistic longer-term estimates, although the stock’s elevated valuation increases sensitivity to negative news.
• Neutral Sentiment: Director Lynch sold 1,000 shares worth approximately $302,000. The sale represented 27% of his directly held shares before the filing. While insider selling can weigh on sentiment, a single transaction does not establish a broader change in management’s outlook. Onto Innovation director stock sale
• Negative Sentiment: Levi & Korsinsky announced an investigation into possible fiduciary-duty breaches by certain Onto Innovation officers and directors. The announcement could increase legal and governance uncertainty and is the most immediate negative catalyst for the stock. The notice does not establish that wrongdoing occurred. Levi and Korsinsky Onto Innovation investigation

Onto Innovation Price Performance

Onto Innovation stock opened at $255.70 on Wednesday. The firm has a market cap of $12.55 billion, a PE ratio of 96.13, a price-to-earnings-growth ratio of 0.87 and a beta of 1.59. The company has a debt-to-equity ratio of 0.77, a current ratio of 9.73 and a quick ratio of 8.33. The stock’s fifty day moving average price is $297.93 and its two-hundred day moving average price is $267.48. Onto Innovation Inc. has a one year low of $101.00 and a one year high of $386.46.

Onto Innovation (NYSE:ONTO) last released its 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. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%.The company 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 firm posted $1.25 EPS. Onto Innovation’s quarterly revenue 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, research analysts expect that Onto Innovation Inc. will post 8.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ONTO has been the topic of a number of research reports. Zacks Research raised Onto Innovation from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft started coverage on Onto Innovation in a report on Friday, June 5th. They set a “buy” rating and a $350.00 target price for the company. Cantor Fitzgerald upped their price target on shares of Onto Innovation from $350.00 to $410.00 and gave the company an “overweight” rating in a research note on Monday, June 29th. The Goldman Sachs Group assumed coverage on shares of Onto Innovation in a research report on Monday, August 17th. They set a “buy” rating and a $400.00 price target on the stock. Finally, Oppenheimer lifted their price objective on shares of Onto Innovation from $370.00 to $450.00 and gave the stock an “outperform” rating in a research note on Monday, June 22nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Onto Innovation currently has an average rating of “Buy” and an average target price of $380.30.

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.