Onto Innovation Inc. $ONTO Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its stake in Onto Innovation Inc. (NYSE:ONTO) by 14.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 21,878 shares of the semiconductor company’s stock after acquiring an additional 2,702 shares during the period. Sequoia Financial Advisors LLC’s holdings in Onto Innovation were worth $8,280,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Onto Innovation in the second quarter valued at approximately $6,377,000. Cetera Investment Advisers grew its stake in Onto Innovation by 15.6% in the 1st quarter. Cetera Investment Advisers now owns 13,266 shares of the semiconductor company’s stock valued at $2,720,000 after acquiring an additional 1,793 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of Onto Innovation in the first quarter valued at approximately $2,877,000. BlackRock Inc. purchased a new position in Onto Innovation during the second quarter worth $2,083,436,000. Finally, Andar Capital Management HK Ltd purchased a new stake in Onto Innovation during the 2nd quarter worth about $69,000,000. Hedge funds and other institutional investors own 98.35% of the company’s stock.

Insiders Place Their Bets

In related news, Director Susan Lynch sold 1,000 shares of Onto Innovation stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $302.30, for a total value of $302,300.00. Following the sale, the director directly owned 2,684 shares in the company, valued at $811,373.20. This trade represents a 27.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by corporate insiders.

Onto Innovation Stock Up 4.5%

Shares of NYSE:ONTO opened at $280.94 on Friday. The stock has a market capitalization of $13.79 billion, a price-to-earnings ratio of 105.62, a price-to-earnings-growth ratio of 0.88 and a beta of 1.59. Onto Innovation Inc. has a 1-year low of $107.55 and a 1-year high of $386.46. The company’s fifty day moving average is $287.29 and its two-hundred day moving average is $269.97. The company has a debt-to-equity ratio of 0.77, a quick ratio of 8.33 and a current ratio of 9.73.

Onto Innovation (NYSE:ONTO) last issued its 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 company had revenue of $343.13 million during the quarter, compared to the consensus estimate of $325.29 million. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%.Onto Innovation’s quarterly revenue was up 35.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.25 earnings per share. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. Equities analysts anticipate that Onto Innovation Inc. will post 8.04 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on ONTO shares. Wall Street Zen raised shares of Onto Innovation from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. 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 target price for the company. B. Riley Financial reiterated a “buy” rating on shares of Onto Innovation in a report on Friday, August 7th. Morgan Stanley dropped their price objective on shares of Onto Innovation from $383.00 to $360.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Freedom Capital raised Onto Innovation to a “strong-buy” rating in a research report on Wednesday, June 17th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $378.00.

About Onto Innovation

Onto Innovation Inc (NYSE:ONTO) develops process control, inspection, metrology and lithography systems used in the semiconductor and advanced packaging industries. Its technologies help chip manufacturers monitor and improve processes throughout wafer fabrication, packaging and other stages of production.

The company’s products include optical metrology systems, wafer and macro-defect inspection tools, three-dimensional metrology solutions, lithography systems and process-control software.